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Conversions and Other Forms of Exit in U.S. Agricultural Cooperatives

In: Vertical Markets and Cooperative Hierarchies

Author

Listed:
  • Fabio R. Chaddad

    (Ibmec Business School)

  • Michael L. Cook

    (University of Missouri-Columbia)

Abstract

This paper discusses exit strategies in U.S. agricultural cooperatives. Compared to other mutual organizations, liquidations and conversions have not been common in U.S. agriculture. We attribute this phenomenon to the “stickiness” of the cooperative organizational form in agriculture. Hypothesized factors that lead to this conclusion include existence of considerable economic incentives for the continued role of cooperatives, low member pecuniary incentives to pursue an exit strategy, and lack of disruptive institutional and market changes. We conclude that if property right constraints continue to be ameliorated with selective incentives and innovative structures, producers will be more likely to invest in cooperatives.

Suggested Citation

  • Fabio R. Chaddad & Michael L. Cook, 2007. "Conversions and Other Forms of Exit in U.S. Agricultural Cooperatives," Springer Books, in: Vertical Markets and Cooperative Hierarchies, chapter 0, pages 61-72, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4020-5543-0_4
    DOI: 10.1007/1-4020-5543-0_4
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    Cited by:

    1. Rousselière, Samira & Rousselière, Damien & Ramani, Shyama, 2016. "Innovation Led Alliances: Theory and application to the GM Plant Industry," 149th Seminar, October 27-28, 2016, Rennes, France 244949, European Association of Agricultural Economists.
    2. Riccardo Ferretti & Pierpaolo Pattitoni & Alex Castelli, 2019. "Security-voting structure and equity financing in the banking sector: ‘one head-one vote’ versus ‘one share-one vote’," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(4), pages 1063-1097, December.
    3. Michael L. Cook, 2018. "A Life Cycle Explanation of Cooperative Longevity," Sustainability, MDPI, vol. 10(5), pages 1-20, May.
    4. Sebhatu, Kifle T. & Gezahegn, Tafesse W. & Berhanu, Tekeste & Maertens, Miet & Passel, Steven Van & D'Haese, Marijke, 2021. "Exploring variability across cooperatives: economic performance of agricultural cooperatives in northern Ethiopia," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 24(3), March.

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