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Group Title: Agr. Econ. Report
Title: Florida farmer cooperative associations
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Permanent Link: http://ufdc.ufl.edu/UF00094238/00001
 Material Information
Title: Florida farmer cooperative associations
Physical Description: 74 leaves : ; 28 cm.
Language: English
Creator: Love, M. D. Jr.
Donor: unknown ( endowment )
Publisher: Department of Agricultural Economics, Florida Agricultural Experiment Station
Place of Publication: Gainesville, Fla.
Publication Date: August, 1960
Copyright Date: 1960
 Subjects
Subject: Agriculture, Cooperative -- Florida   ( lcsh )
Genre: government publication (state, provincial, terriorial, dependent)   ( marcgt )
non-fiction   ( marcgt )
 Notes
Statement of Responsibility: by M.D. Love, Jr.
General Note: Cover title.
General Note: "August 1960."
General Note: Chiefly tables.
General Note: Agr. Econ. Report - Florida Agricultural Experiment Station ; 61-1
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Bibliographic ID: UF00094238
Volume ID: VID00001
Source Institution: University of Florida
Holding Location: University of Florida
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Resource Identifier: oclc - 325000352

Table of Contents
    Front Cover
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    Table of Contents
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    Foreword
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Full Text



Agr. Econ. Report No. 61 -1


FLORIDA FARMER COOPERATIVE ASSOCIATIONS



by



M. D. Love, Jr.


A Preliminary Report -For Administrative Use Only

Columbia Bank for Cooperatives and
Department of Agricultural Economics
Florida Agricultural Experiment Station
Cooperating










Department of Agricultural Economics
Florida Agricultural Experiment Station
Gainesville, Florida '


August 1960



















CONTENTS
Page


FOREWORD ........................................................... 1


ACKNOWLEDGMENTS ............................................... ....... 2


GENERAL INFORMATION .... ............................................ 3


CITRUS COOPERATIVES ................................................. 13


MARKETING COOPERATIVES OTHER THAN CITRUS ..................... 41


FARM SUPPLY COOPERATIVES .................................. ........ 60


MISCELLANEOUS COOPERATIVES.......................... ............... 73
















FOREWORD


This is a preliminary report on a survey of Florida cooperatives,

a study conducted jointly by the Columbia Bank for Cooperatives,

Columbia, South Carolina, and the Department of Agricultural Economics,

Florida Agricultural Experiment Station.

The purpose of this report is to furnish basic information on the

current status of Florida cooperatives. The data give information on

volume of business, financial position, membership, type of cooperatives,

pooling arrangements, and services performed. No attempt is made here to

analyze the data; however, it is planned that the analytical study now

in progress will be published as a Florida Agricultural Experiment

Station Bulletin.

The first step in obtaining the information was to compile from

the charters, in the Secretary of State's office, all information such

as purpose of association, whether capital or noncapital stock, and

number of directors. Complete coverage of all active associations was

accomplished by contacting the office given in the charter. In cases

where an association had ceased to operate, the county agricultural agent

or a former director was contacted to ascertain whatever information was

available on the deceased association.











Data on the active associations were gathered by personal inter-

view with the management. The data collected covered the operations for

one fiscal period. In most cases, the fiscal period was the 1958-59

marketing season. In some cases (mostly truck crop associations and farm

supply cooperatives), the fiscal period was the fiscal year ending in 1958.


ACKNOWLEDGMENTS


The author wishes to acknowledge the assistance of the management

of all the cooperatives in the state who furnished the information

requested. The assistance of Mr. J. D. Lawrence and Dr. H. G. Hamilton

in formulating the study, and the counsel and guidance given by them in

the collection of the data and preparation of the publicationare greatly

appreciated.
































GENERAL


INFORMATION










TABLE 1


NUMBER OF COOPERATIVE ASSOCIATIONS ORGANIZED IN FLORIDA, FIVE-YEAR PERIODS, 1889 THROUGH JUNE, 1959

Livestock and
Citrus Livestock Truck Crops Farm Supply Miscellaneous Total
Period Products Percent
Organ- Active Organ- Active Organ- Active Organ- Active Organ- Active Organ- Active in
ized 1959 ized 1959 sized 1959 ized 1959 ized 1959 ized 1959

1885-1889 1 .. .. .. ... .. .. ... .. 1 0.00
1890-1894 1 .. .. .. ... .. .. .. 1 .. 2 0.00
1895-1899 ... .. .. 1 .. .. .. .. 1 0.00
1900-1904 ... .. .. *** **
1905-1909 95 12 .. .. ... .. .. .. .... 95 12.60
1910-1914 20 3 .. .. 5 .. .. .. 5 .. 30 10.00
1915-1919 27 1 1 .. 22 .. 1 1 8 .. 59 3.40
1920-1924 38 3 5 .. 27 1 .. .. 9 1 79 6.30
1925-1929 13 4 20 2 40 1 .. .. 29 .. 102 6.90
1930-1934 32 5 20 .. 21 .. 1 2 38 .. 112 6.25
1935-1939 45 2 6 .. 16 2 8 2 22 4 97 9.70
1940-1944 23 1 6 .. 18 4 28 1 28 .. 103 5.80
1945-1949 29 8 12 3 27 6 10 5 40 12 118 28.80
1950-1954 14 7 18 10 6 4 6 3 24 7 68 45.60
1955-1959 7 2 11 8 16 8 6 6 20 15 60 65.00
Total 345 48 99 23a 199 26 60 20 224 39b 927 16.80


aIncludes three
six dairy marketing and
table eggs.


livestock marketing associations, four livestock caretaking associations,
six dairy service associations, and four poultry associations marketing


blncludes miscellaneous marketing and business service associations.
SOURCE: Data for 1885 through 1930 from M. A. Brooker and H. G. Hamilton, Farmers' Co-
operative Associations in Florida, II, OrRanization and Management (Gainesville, Florida: Agri-
cultural Experiment Station Bulletin 263, 1933), p. 8.
Records on cooperative associations chartered in Florida taken from Secretary of State's
files for period. September -1931 through June 1959.










TABLE 2

NUMBER OF COOPERATIVES ACTIVE IN 1930, 1937,
1944, AND 1959, BY COMMODITY TYPE


Year Citrus


1930

1937

1944

1959


Truck
Crops


Livestock at
Livestock
Products


52b


82 26

57 19

48 26


aTwo associations not incorporated.
bTwelve associations not incorporated.


CEight associations not incorporated.
dNot incorporated.
eOne association not incorporated.
fMiscellaneous associations include four
which three marketed peanuts, and one sold semen
of cattle.


foreign cooperatives of
for artificial insemination


SOURCE: Data for 1930, 1937, and 1944 from M. A. Brooker and
H. G. Hamilton, Farmers' Cooperative Associations in Florida. I, Status
and Legal Phases (Gainesville, Florida: Agricultural Experiment Station
Bulletin 245, 1930), pp. 7-21. Supplement to Bulletin 245, 1937. Supple-
ment to Bulletin 245, 1944.


Total


177

179

114

160


_ ~_I_____ _____ _11_~~_1_ ________~__ _


92-f 010MIM


I I I










TABLE 3

PERCENTAGE OF FLORIDA'S MAJOR FARM COMMODITIES
SOLD THROUGH COOPERATIVES, 1958-59


I Volume Sold


Percentage
Sold Through
Cooperatives


Fresh (boxes)
Processed (boxes)
Total (boxes)


Livestock:

Cows and Calves (head)
Hogs (head)

Milk:

Distributing (gallons)
Market Bargaining(gallons)
Total (gallons)

Table Eggs (dozen)

Tobacco -- Shade (pounds)


Truck Crops


11,095,755
33,781,145
44,876,900


57,918
43,838


8,030,590
41,669,779
44,032,201c

5,195,248

711,241


$32,379,752


28,332,040
89,021,726
117,353,766a


503,300b
532,000b


114,982,590
114,982,590
114,982,590


$158,110,000e


State totals for 1958-59 season do not include express
interstate by-products, and intrastate noncommercial.


shipments,


bState totals for 1958 slaughter.


Adjusted for duplication.

dState totals for 1958 production.

eBased on f.o.b. sales value for 1958-59.

SOURCE: State totals for citrus compiled from 1958-59 Season
Annual Report, Citrus Vegetable Inspection Division, p. 7. Other com-
modity totals compiled from Annual Statistical Summary, Florida State
Marketing Bureau, 1958-59 Season, pp. 187, 151, 157, 146, and 71.


Commodit


Citrus:


39.2
37.9
38.2


11.5
8.2


7.0
36.2
38.3

9.1

14.7

20.5


1_ I __ _~ ___~ ~________~_____ ___ _____


- --








TABLE 4


MEMBERSHIP AND BUSINESS VOLUME OF MARKETING, FARM SUPPLY, AND
RELATED SERVICE COOPERATIVES, 1958-59 SEASONa


1,000 1,000 1,000 1,000 1,000
Dollars Dollars Dollars Dollars Dollars


Marketing:
Citrus
Dairy
Livestock
Table Eggs
Tobacco
Truck Crops
Miscellaneous
Total Marketing

Farm Supply:
Manufacturing
Retail
Total Farm Supply


3,291
197
937
180
27
973
200
5,805


362
7,376
7,738


228,035
34,609
5,980
2,713
1,838
34,192
229
307,596


5,782

20
107

3,783
6
9,698


... 10,690
43 6,530
43 17,220


5,861
47




104
6,012


239,678
34,656
6,000
2,820
1,838
37,975
339
323,306


10,690
6,573
17,263


191,804
31,300
6,000
2,820
1,838
37,975
339
272,076


10,690
6,573
17,263









TABLE 4--Continued


1,000 1,000 1,000 1,000 1,000
Dollars Dollars Dollars Dollars Ddllars


Related Service:
Citrus Grove Care 5 81 .... 681 970 1,651 1,651
Miscellaneous Service 34 784 .... .... 380 380 380
Trade Association 8 11,248 ................
Foreign Cooperatives 4 .... 9,360 2 28 9,390 9,390

Grand Total 160 25,656C 316,999 27,601 7,390 351,990 300,760
ca

aSales for five supply, eight truck crops, two dairy, and two miscellaneous marketing coopera-
tives are for fiscal year ending in 1958.

bOne vegetable cooperative selling 20,694 head of livestock not included.

CDuplication in membership may exist in that members shown may be members in more than one
cooperative.









TABLE 5


CONSOLIDATED BALANCE SHEET FOR 130 FARMER COOPERATIVES, FISCAL YEAR ENDING 1959a


Amount


Percent


Liabilities


Amount


Percent


Current Assets:


Cash on hand and
on deposit
Notes and accounts
receivable
Inventory
Other current assets


$ 13,745,228.28

19,786,657.54
34,916,276.73
16,303,899.26


Total Current Assets $ 84,752,061.81


Fixed Assets:


Land
Buildings, machinery,
and equipment (net
after depreciation)


990,868.17


22,476,365.99


70.24


Current Liabilities:

Accounts payable
Notes payable to:
Members
Other
Accrued items
Other


Total Current
Liabilities


Fixed Liabilities:

Mortgages payable!to:
Banks
Other
Certificates of
indebtedness and
net worth items
approaching maturity
Other


$ 23,767,784.95

813,628.38
9,985,005.26
1,332,807.77
7,314,219.86


$ 43,213,446.22


3,450,060.65
1,976,911.04



139,885.65
3,173,041.74


Total Fixed Liabilities$ 8,739,899.08 7.25


Assets


35.81


Total Fixed Assets


$ 23,467,234.16 19.45









TABLE 5--Continued


Percent Liabilities


Other Assets:


Net Worth:


Investments
Other cooperatives
Prepaid expenses
Other








Total Other Assets


TOTAL ASSETS


Current Ratio
Membership Equity to
Membership Equity to


$ 4,095,289.95
6,208,073.68
640,592.06
1,502,176.79








$ 12,446,132.48


$120,665,428.45


Long-Term Debt
Fixed Assets


10.31


100.00


1.96:1
12.69:1
2.93:1


Capital stock:
Common
Preferred
Book credit in lieu
of stock or ctfs.
Patrons' equity ctfi
Surplus and undivided
profits (deficit)
Other:
Unallocated margin
and reserves

Total Net Worth

TOTAL LIABILITIES AND
NET WORTH


$ 2,105,698.17
4,814,104.85

10,314,509.74
3. 18,056,291.68
ed
3,350,765.83

is
30,070,712.88

$ 68,712,083.15


$120,665,428.45


aBalance sheet for five supply, eight truck
cooperatives are for fiscal year ending 1958.


crops, two dairy, and two miscellaneous marketing


Assets


Amount


Amount


Percent


3.06
7.01

15.01
26.28

4.88


43.76

56.94


100.00















TABLE 6

SOURCES OF CREDIT AND AMOUNT OF BORROWED FUNDS
OUTSTANDING AS EVIDENCED BY FINANCIAL
STATEMENTS, FLORIDA COOPERATIVES,
FISCAL YEAR ENDING 1959a


Commercial Banks

Banks for Cooperatives

Bond Issues

Individuals

Other Cooperatives

Other Lending Institutions

Supply Manufacturers

Certificates of Indebtedness

Other Sources

Total


$ 652,299

10,071,280

833,200

584,024

45,000

479,097

80,064

129,809

95,377

12,970,150


5.0

77.7

6.4

4.5

0.4

3.7

0.6

1.0

0.7

100.0


aFinancial statements for five supply, eight truck crops, two
dairy, and two miscellaneous marketing cooperatives were for fiscal year
ending 1958.

bAmount represents loans outstanding at close of fiscal year on
which records were taken.













AVERAGE
SALES,


TABLE 7

SALES PER MEMBER AND EQUITY PER DOLLAR OF
86 MARKETING COOPERATIVES, BY COMMODITY
HANDLED AND TYPE OPERATIONa


Type of Number Average Average Equity
Operation in Membership Sales per Equity per Dollar
State Member per Member of Sales

Citrus:

Packinghouses 30 2,972 $ 23,331.68 $ 5,723.37 .240
Processors 6 466b 177,419.32 29,273.70 .210
Bargaining 5 458 86,902.84 481.09 .007

Dairy:

Distributing 4 33 301,984.49 51,616.12 .170
Bargaining 2 164 150,504.75 1,355.88 .009

Livestock 3c 937 6,382.66 442.56 .040

Poultry 4 180 15,235.31 341.56 .020

Tobacco 3d 22 83,544.14 5,355.57 .050

Truck Crops 26 973 39,028.78 7,236.00 .180

Miscellaneous 3 200 1,172.95 617.82 .530


aIncludes sales of products marketed and supplies purchased.

bMembership includes 24 cooperatives and 15 corporations.

COne vegetable cooperative selling 20,694 head of livestock not
included.

dOne association not included which began operation in 1959.



































CITRUS COOPERATIVES









TABLE 8

MEMBERSHIP IN CITRUS COOPERATIVES, BY TYPE OPERATION, 1958-59 SEASON


Number Farm Members Farmer Others
Type of oumer Cooperative Who Are Total
Operation of In State Nonresident Members Membersa
Assns.
Total Avg. per Total Avg. per Total Avg. per Total Avg. per Total Avg. per
Number Assn. Numberumber, Number Assn. Number Assn. Number Assn.

Packing 11 402 36.5 49 4.4 .. ..... ... 451 40.9

Packing and
Grove
Caretaking 19 1,837 96.7 681 35.8 1 ...b 2 ...b 2,521 132.7

Processing 6 427 71.2 ... .... 26 4.3 13 2.2 466 77.7

Bargaining 5 624 124.8 31 6.2 3 ...b ... 658 131.6

Grove
Caretaking 5 37 7.4 44 8.8 .. ... .. ... 81 16.2

Other 2 44 22.0 ... .... 19 9.5 4 2.0 67 33.5

Total 48 3,371 70.2 805 16.8 49 1.0 19 ...b 4,244 88.4

a
Others who are members include corporations and intermediate handlers who are not producers.

bAveraged less than one.














TABLE 9

DISTRIBUTION OF CITRUS ASSOCIATIONS,
BY TYPE OPERATION, ACCORDING TO
METHOD OF VOTING, 1958-59 SEASON


Type of One Member- Stock Acreage Patronage
Operation One Vote

Packing 8 3 ... *

Packing and Grove
Caretaking 10 7 1 1

Processing 4 2 ... ...

Bargaining 3 1 ... 1

Grove Caretaking 2 2 1 ...

Other 2

Total 29 15 2 2









TABLE 10


CAPITAL STRUCTURE OF CITRUS COOPERATIVES, BY TYPE OPERATION, 1959

Unallocated
Stock Equity Unallocated
Type Number Certificates Book Credit Surplus Profits and
Number Re
of of Common Preferred __ _Reserves
Oper- Assns. Percent Percent Percent Nu Percent Percent Percent
atonAssns Number Numbe Number NumberNumber Number Number
ation of Net of Net of Net of Net of Net of Net
Using Worth UWorth sing Worth Using Worth Using Worth Using Worth

Packing 11a 9 10.5 4 2.8 7 20.8 4 10.4 2 5.2 6 50.3

Packing
and
Grove
Care-
taking 19 13 1.6 9 20.4 10 26.4 12 19.7 7 8.7 10 23.2

Process-
ing 6a 5 1.1 3 5.8 5 84.4 1 6.7 2 1.4 3 0.6

Bargain-
ing 5 2 1.8 1 81.8 1 14.4 .. ... 1 0.2 1 1.8

Grove
Care-
taking 5 3 8.9 ... .... 1 8.3 1 20.5 3 24.1 1 38.2

Other 2 .. .. ... .... .. .... 2 62.0 ... .... 1 38.0


aNo financial statement available on one association.











TABLE 11

VOLUME OF BUSINESS OF CITRUS ASSOCIATIONS,
BY TYPE OPERATION, 1958-59 SEASON


Number Dollars Dollars Dollars Dollars Dollars


Packing

Packing
and Grove
Caretaking

Processing

Bargaining

Grove
Caretaking

Other


11 19,188,024


5

2


Totalb 48


45,644,466

81,404,837

57,182,069




24,615,522

228,034,918


60,311


4,448,956a

1,272,568


19,248,335


4,212,816

1,445,306


203;227

..*


680,775a 970,358


6,462,610


6,628,480


203,227


54,509,465

84,122,711

57,182,069


1,651,133

24,615,522

241,329,235


aRepresents supplies and materials such as fertilizer and insec-
ticides used and charged to members in grove caretaking operations.

bDuplication exist in totals in that when the same fruit is handled
by two cooperatives, the value is counted twice.











TABLE 12

DISTRIBUTION OF CITRUS COOPERATIVE PACKINGHOUSES, PROCESSING PLANTS,
AND MARKET BARGAINING ASSOCIATIONS, BY SPECIFIED AMOUNTS OF
NET SALES, 1958-59 SEASONa

Type Operation
Range of Packing Packing
Nt Sales and Grove Caretaking
(1,00 Dollars) NumberCue Average Number la Average
(1,000 Dollars) Of Cumulative Net of Cumulative Net
of Net of P Net
Assns. ercent Sales Assns. ercent Sales

Number Percent Dollars Number Percent Dollars

500 and less 1 9.1 275,250 3 15.8 398,943
501 1,000 3 36.4 812,729 2 26.3 754,455
1,001 1,500 3 63.7 1,182,949 1 31.6 1,408,217
1,501 2,000 .. ... ...... 3 47.4 1,793,016
2,001 2,500 1 72.8 2,367,044 1 52.7 2,289,732
2,501 3,000 2 91.0 2,730,991 4 73.7 2,838,987
3,001 3,500 ..... ...... .. ........
3,501 4,000 .. ... ...... 1 79.0 3,811,866
4,001 4,500 .. ... ...... 1 84.3 4,082,000
4,501 5,000 .. ... ...... 2 94.8 4,784,118
5,001 10,000 1 100.0 5,096,710 1 100.0 5,043,679
10,001 15,000 .... ...... ... .....
15,001 20,000 ..... .... .......
20,000 and over .. ... ...... ... ......

Total 11 ... 19,188,024 19 ... 45,644,466
Average .. ... 1,744,366 .. ... 2,402,340


alncludes only sales for citrus fruit and does not include supply
sales and grove caretaking income.








19


TABLE 12--Continued


Type Operation
Range of Processing Bargaining
Net Sales Number Average Number Average
(1,000 Dollars) of Cumulative Net of Cumulative Net
Asss. Percent alesercent
Assns. Sales Assns. Sales


Number Percent Dollars Number


Percent


Dollars


16.7
33.4
..




50.1
83.4
100.0


20.0
.. .

...
40.0




60.0



100.0
100.0


4,299,098
4,757,553

12,330,000
18,955,126
21,940,757
o......
......
......











21,94.0,757


6 ... 81,404,837
..13,567,473


441,094
... .


2,024,106
... .
.. .

....e.
4,892,872



24,910999
24,910,999


... 57,182,069
.. 11,436,414


500
501
1,001
1,501
2,001
2,501
3,001
3,501
4,001
4,501
5,001
10,001
15,001
20,000


and less
- 1,000
- 1,500
- 2,000
- 2,500
- 3,000
- 3,500
- 4,000
- 4,500
- 5,000
- 10,000
- 15,000
- 20,000
and over


Total


Average










TABLE 13

AVERAGE NET MARGINS OF CITRUS COOPERATIVES,
BY TYPE OPERATION, THREE-YEAR PERIOD,
1957-1959


Type Operation
Year 10 19 5 5 5 2
Packing and Grove
Packing Processing Bargaining Other
Grove Caretakin retaking
Dollars Dollars Dollars Dollars Dollars Dollars

1957 18,384 70,143 16,917 ... 32,109 31,023

1958 15,383 43,726 474,823 ... 12,797 14,217

1959 18,171 85,713 (184,400) ... 4,759 20,584


aCitrus bargaining associations did not show any margins result-
ing from operations for the period.











TABLE 14

KIND OF INSTRUMENTS USED AND ALLOCATION OF NET
MARGINS, CITRUS COOPERATIVES, BY TYPE
OPERATION, 1958-59 SEASON


Percent


Packing


Packing and Grove
Caretaking


11.8


2.9


Percent Percent Percent Percent


17.8


25.6


Processing

Bargaininga


8.3


62.6


54.8


8.4


100.0


Grove Caretaking


Other


100.0

100.0


S..


any margins result-


Citrus bargaining cooperatives did not show
ing from operations for the period.









TABLE 15


AVERAGE BALANCE SHEETS FOR CITRUS ASSOCIATIONS, BY TYPE
FISCAL YEAR ENDING 1959


OPERATION,


Type Operation
Assets 10 19 Packing and
Packing Grove 5
Packing Caretaking Processing
Amount Percent Amount Percent Amount Percent


(Dollars)


(Dollars)


(Dollars)


Current Assets:
Cash on hand and
on deposit
Notes and accts.
receivable
Inventory
Other
Total

Fixed Assets:
Land
Bldgs., mach.,
equip, (net)
Total

Other Assets:
Investments
Investments in other
cooperatives
Prepaid expenses
Other
Total


180,027.31

50,322.71
27,902.07
1,137.87
259,389.96


4,997.07

72,770.36
77,767.43


29,248.23

94,087.75
5,090.38
7,472.40
135,898.76

473,056.15


54.83


192,651.87

321,925.48
54,236.88
12,801.97
581,616.20


48.84


14,046.02


16.44


248,462.34
262,508.36


22.04


93,857.17


28.73


215,789.59
8,288.57
28,668.95
346,604.28


616,123.86

750,733.36
4,610,240.95
137,064.10
6,114,162.27


37,937.75


1,947,158.25
1,985,096.00


86,375.85


29.12


68,139.49
39,569.29
65,049.23
259,133.86


100.00 1,190,728.84 100.00
~-L~S-~lI


73.15


23.75


3.10


TOTAL ASSETS


8,358,392.13 100.00








TABLE 15--Continued

Type Operation
Assets 4 5
Bargaining Grove Caretaking


Current Assets:
Cash on hand and
on deposit
Notes and accts.
receivable
Inventory
Other
Total

Fixed Assets:
Land
Bldgs., mach.,
equip. (net)
Total

Other Assets:
Investments
Investments in other
cooperatives
Prepaid expenses
Other
Total


Amount
(Dollars)


56,955.88

4,762,276.60
2,084,225.41

6,903,457.89


10,500.00


59,340.00
571.32
1,774.05
72,185.37


6,975,643.26 100.00


Percent


98.96


Percent


Amount
(Dollars)


26,870.41

58,038.34
14,859.00

99,767.75


65.75


23.77


36,072.27
36,072.27


15,006.34


894.33

15,900.67


1.04


10.48


151,740.69 100.00


TOTAL ASSETS








TABLE 15--Continued


Type Operation
Liabilities 1o 19 Packing and 5
Packing areProcessing
acn Caretaking


Current Liabilities:
Accounts payable
Notes payable to:
Members
Banks
Other
&ccewed items
Other
Total


Amount
(Dollars)

121,411.25


3,000.00
710.00
2,841.17

127,962.42


Percent


27.05


Amount
(Dollars)

131,701.24


25,662.38
45,735.34
21,024.38
94,160.61
318,283.95


Percent


Amount
(Dollars)


2,377,210.44

29,831.19

1,445,476.59
98,549.99
1,035.502.87
26.73 4,986,571.08


Fixed Liabilities:
Mortgages payable to:
Banks ......
Other ......
Certificates of indebt.
and net worth items
approaching maturity......
Other 61,348.57
Total 61,348.57


12.97


3,421.05
33,992.89


3,368.42
102,917.05
143,699.41


12.07


436,583.91
166,360.00



110,825.44
713,769.35


Percent


59.66


8.54









TABLE 15--Continued


Type Operation
Liabilities 4 5
Bargaining IGrove Caretaking


Amount
(Dollars)


Current Liabilities:
Accounts payable
Notes payable to:
Members
Banks
Other
Accrued items
Other
Total

Fixed Liabilities:
Mortgages payable to:
Banks
Other
Certificates of indebt.
and net worth items
approaching maturity
Other
Total


6,896,858.32


. . .


848.07

6,897,706.39


Percent


Percent


Amount
(Dollars)

24,571.42

..2


2,863.82

27,435.24


98.88


18.08


249.30
249.30


0.16


.....










TABLE 15--Continued


Type Operation
19 Packing and
Net Worth 10 Grove 5
Packing Cbretaking Processing
Amount Percent Amount Percent Amount Percent
(Dollars) (Dollars) (Dollars)

Net Worth:
Capital Stock:
Common 29,868.36 10,966.06 29,779.22
Preferred 7,870.59 148,354.75 155,620.00
Book credit in lieu
of stock or ctfs. 29,634.79 143,900.03 178,338.03
Patrons' equity ctfs. 59,096.13 192,645.38 2,242,135.95
Surplus and undivided
profits 14,794.27 63,798.06 35,888.28
Other 142,481.02 169,081.20 16,290.22
Total 283,745.16 59.98 728,745.48 61.20 2,658,051.70 31.80

TOTAL LIABILITIES
AND NET WORTH 473,056.15 100.00 1,190,728.84 100.00 8,358.392.13 100.00


Current Ratio 2.03:1 1.82:1 1.23:1
Net Worth to Long-Term
Debt .... 19.47:1 4.40:1
Net Worth to Fixed Assets 3.65:1 2.78:1 1.34:1
Turnover of Fixed Assets 23.15 9.15 6.40










TABLE 15--Continued


Type Operation
Net Worth 4 5
Bargaining Grove Caretaking


Amount
(Dollars)


Percent


Amount
(Dollars)


Percent


Net Worth:
Capital stock:
Common
Preferred
Book credit in lieu of
stock or ctfs.
Patrons' equity ctfs.
Surplus and undivided
profits
Other
Total

TOTAL LIABILITIES
AND NET WORTH


1,312.50
59,625.00

6,484.48
10,514.89


77,936.87


6,975,643.26


1.12


100.00


11,025.00


25,391.39
10,272.38

77,367.38

124,056.15


151,740.69


Current Ratio 1.00:1 3.64:1
Net Worth to Long-Term
Debt ....
Net Worth to Fixed Assets .... 3.44:1
Turnover of Fixed Assets ........


81.76


100.00










TABLE 16

DISTRIBUTION OF FINANCIAL RATIOS OF 29 CITRUS
PACKINGHOUSE COOPERATIVES, BY VOLUME
OF FRUIT HANDLED, 1958-59


Number
Volume of
Associations


Range

Median Law


1,000
Boxes

Less than 500
500 1,000
Over 1,000


1,000
Boxes

Less than 500
500 1,000
Over 1,000


1,000
Boxes

Less than 500
500 1,000
Over 1,000


----------------------Current Ratio -------n-------------


Number

12
7
10


Ratio

2.40:1
3.54:1
9.41:1


Ratio

11.54:1
12.63:1
69.05:1


Ratio

1.60:1
1.43:1
2.13:1


Ratio

.95:1
.97:1
1.23:1


----.--- Percentage of Net Worth to Total Assets--.-----


Number


Percent Percent Percent Percent


-----------Ratio of Net Worth to Fixed Assets ----------


Number

12
7
10


Ratio

2.22:1
4.06:1
4.19:1


Ratio

4.60:1
8.69:1
10.03:1


Ratio

1.92:1
4.20:1
3.30:1


Ratio

.93:1
.85:1
1.71:1







29


TABLE 17

USE OF BORROWED FUNDS BY CITRUS ASSOCIATIONS,
FISCAL YEAR ENDING 1959


Number Number Amounta
Type of Using Percent To
Operation Borrowed of Total To
Assns. Funds Short-term Long-term


Packing 10b 2 13.2 37,000.00 ...... 37,000.00

Packing and
Grove Care-
taking 19 8 42.1 773,094.45 276,806 1,049,900.72

Processing 6b 5 100.0 7,236,257.00 2,182,919 9,409,177.00

Bargaining 5 .. ... ........ ..... .......

Grove Care-
taking .. .......... ............

Other 2 ............. ...........

Total 47 15 31.9 8,046,351.45 2,459,725 10,496,077.72


aAmounts represent loans outstanding as shown on balance sheets at
close of fiscal year.

bOne association on which no financial statement was obtained is
not included.










TABLE 18

SOURCES OF CREDIT USED BY CITRUS ASSOCIATIONS, 1958-59 SEASON

Number Percent
Principal Sources of of
Associations Total Amount
Using Borroweda

Commercial Banks 3 1.00

Columbia Bank for Cooperatives 8 91.95

Individuals 3 2.12

Insurance Company 1 0.50

Other 5 4.43

Total 20 100.00


aRepresents percentage of total loans outstanding on the books of
the associations as shown by financial statements. All financial state-
ments were for close of fiscal year 1958-59.









31


TABLE 19

SALES OUTLETS FOR 11 CITRUS SALES
ORGANIZATIONS, 1958-59 SEASON


Firm Auction Private Sales Commission
I Chain Other
Percent Percent Percent Percent

1 8 60 27 5
2 2 80 18
3 5 60 35
4 1 85 14
5 21 15 58 6
6 .. 45 30 25
7 1 1 96 2
8 3 37 60
9 1 60 39
10 .. 50 50
IIa 37 8 55


aRepresents sales for 19 co
members of Seald-Sweet Sales, Inc.


operative packinghouses plus other










TABLE 20

METHODS OF HANDLING SALES TO CHAIN STORES,
11 FRESH FRUIT SALES ORGANIZATIONS,
1958-59 SEASON


Chain
Fill Order Find Buyer for Manifest
Direct Broker Direct Broker
Open Dot Open Open Draft Open aft
Account .. Account Dr Account Dccount
Percent Percent Percent Percent Percent Percent Percent Percent

1 100 ..... ..........
2 75 .. 25 .........
3 89 .. 11 ....
4 94 .. 6 ........
5 10 .. 76 .... 14
6 20 .. 80 .......
7 ... .. 100 ....
8 32 .. 27 .. 14 .. 27 ..
9 50 .33 ..... 17 ..
10 100 ...........
11 100 .. ........










TABLE 21

METHOD OF HANDLING PRIVATE SALES TO FIRMS OTHER THAN
CHAIN STORES, 11 FRESH FRUIT SALES ORGANIZATIONS,
1958-59 SEASON


1 70 .. 22 8
2 28 .. 72 ..
3 58 .. 28 .. 14
4 87 .. ... .. 13
5 15 .. 55 1.5 12
6 .. .. 100 ..
7 73 .. 12 .. 10
8 50 .. 25 .. 9
9 51 13 ..
10 20 .. 80
11 36 .. 27 .. 18


15 1.5

5 .
16
36

9 9










TABLE 22

ORANGE POOLING ARRANGEMENTS OF 27 CITRUS
COOPERATIVES, 1958-59

Orange
Pooling Arrangements Number

Seasonal, by variety, grade, and size............................. 15

Seasonal, early and midseason lumped, Valencias and Temples pooled
separately, by grade and size ................................... 1

Seasonal pools for Pineapples, Temples, and Valencias by grade and
size. Hamlins, Parson Browns, and Navals pooled in multiple pools,
variable time lengths, by grade and size.......................... 4

Seasonal, by variety and weight box (90 pounds per box)........... 1

Two pools: first pool for 15 days; second from close of first pool
to end of the season, by variety and grade, no size............... 1

Variable length pools, by variety, grade, and size................ I

Monthly, by early, midseason, and late, grade and size, on packed-
box basis ............. ........................................... 1

October, daily pools; November 1 through remainder of season, 15-
day pools, by variety, grade, and size...,....................... 1

Two-week pools through December, monthly thereafter through season,
by variety, grade, and size....................................... 1

Weekly pools through November, biweekly thereafter, by variety,
grade, and size ......... ..... ................................. .. 1


TOTAL .............. .................... ...... ......... ........... ... 27










TABLE 23

GRAPEFRUIT POOLING ARRANGEMENTS OF 27
CITRUS COOPERATIVES, 1958-59

Grapefruit
Pooling Arrangements Number

Seasonal by variety, grade, and size............................. 17

Two-week pools to December 31, then seasonal, by variety, grade,
and size ............ .... .................... ........ ...... ....... 1

Four one-week pools, then seasonal, by variety, grade, and size.. 1

Monthly pools, by variety, grade, and size....................... 2

Seasonal, by variety, Pinks and Reds separate; all others lumped
together, field-box basis, no size.......... ..................... 1

One 30-day grapefruit pool at beginning of season; seasonal there-
after, with Marsh Seedless, and Reds and Pinks pooled separately;
all other lumped together, grade and size, field-box basis....... 1

Seasonal pool for white and pink grapefruit, by grade and size... 1

Daily pools through October, 15-day pools thereafter, by variety,
grade, and size................................................. 1

Monthly pools until January 1, seasonal thereafter, by variety,
grade, and size....................................... .... .... 1

Seasonal pool with Marsh Seedless separate; Reds and Pinks by
growers account, picked-box basis................................ 1


TOTAL ............................................................ 27











TABLE 24

TANGERINE POOLING ARRANGEMENTS OF
25 CITRUS COOPERATIVES, 1958-59

Tangerine
Pooling Arrangements Number

Seasonal, by variety, grade, and size ............. ........ ...... 21

Two-week pools, by variety, grade, and size to January 1; one pool
for remainder of season.......................................... 1

Monthly, by variety, grade, and size............................ 2

Two pools, by variety, grade, and size. First pool to January 1;
second, January 1, through remainder of season.................... 1


TOTAL......................... ................................... 25










TABLE 25

ORANGE POOLING ARRANGEMENTS FOR CANNERY
FRUIT OF 25 CITRUS COOPERATIVES,
1958-59 SEASON
Orange
Pooling Arrangements Number

Two pools: first pool runs from December 1, through February 28;
second pool from March 1, to end of season on pound-solids basis. 9

Yearly pool: early-season oranges pooled separately, midseason
and late oranges together, juice and solids basis................ 2

Seasonal pool, by variety, weight-box basis ...................... 5

Season's pool to include all early and midseason oranges; separate
pool to include all late oranges, weight-box basis.............. 1

Three pools: first pool for early-season oranges paid on box
basis; second pool for midseason oranges, juice and solids basis;
and third pool for late-season oranges on juice and solids basis. 2

Seasonal pools for early, midseason, and late oranges, all paid on
pound-solids basis............................................................. 1

Four pools: two pools, one to include all early and midseason
oranges, one to include all late oranges going into concentrate,
to be paid on pound-solids basis. One pool for all single-
strength juice, one pool for all chilled juice to be paid on
weight-box basis ................................ .. ....... ...... 1

Three pools: first pool from beginning of season until November
30; second pool from December 1, through February 28; third pool
from March 1, until end of season.................................... 2

Two pools for packinghouse eliminations: one from beginning of
season through February 28; one from March 1, until end of season.
Direct fruit paid on pound-solids or gallons by individual
delivery ................... ..................... ............ 1

Two pools: one to include all direct-to-cannery fruit by variety;
one to include all packinghouse eliminations, by variety......... 1


TOTAL............. ................ ..... ..................... ... 25











TABLE 26

GRAPEFRUIT POOLING ARRANGEMENTS FOR CANNERY
FRUIT OF 24 CITRUS COOPERATIVES,
1958-59 SEASON
Grapefruit
Pooling Arrangements Number

One yearly pool, by variety, weight-box basis..................... 15

Two pools: one to include all juice grapefruit; one to include all
direct cannery white seeded grapefruit .......................... 1

Two pools: one to include all white grapefruit; one to include all
Pinks and Reds.............. ..................... ................. 3

Two pools: one to include all juice grapefruit; one to include all
sections ...... ....... .. ........................ ................ 5


TOTAL ..............................*........ ........ ...... ...... 24










TABLE 27

SHIPMENT OF FRESH FRUIT BY COOPERATIVE PACKINGHOUSES,
AUGUST 1, 1949, THROUGH JULY 31, 1959


Number Boxes Boxes Percent

42 10,349,321 32,546,124 31.80
43 12,574,435 37,917,948 33.16
41 14,411,243 47,322,614 30.45
41 11,903,500 41,270,062 28.84
39 13,431,651 46,081,412 29.15
40 11,727,140 43,012,776 27.26
37 10,642,112 41,619,749 25.57
33 9,660,472 38,475,959 25.11
33 7,793,391 29,309,212 26.59
32 7,823,826a 28,332,040 27.61


aVolume shipped by cooperative packinghouses for season 1958-59
computed from survey records.

SOURCE: Annual Repprts of Citrus and Vegetable Inspection
Division for Seasons 1949-1958. (Winter Haven, Florida: Florida State
Department of Agriculture.)


1949-1950
1950-1951
1951-1952
1952-1953
1953-1954
1954-1955
1955-1956
1956-1957
1957-1958
1958-1959










TABLE 28

FLORIDA FRESH CITRUS FRUIT SHIPMENTS,
SELECTED SEASON, 1926 THROUGH 1941


Handled by Percent
Season Total Handled by
Sean Cooperatives Independents Cooperatives

1926-27 5,020,352 11,551,848 16,572,200 30.3
1929-30 5,586,633 8,566,047 14,152,680 39.5
1936-37 9,919,771 20,000,551 29,920,322 33.2
1939-40 7,327,984 19,934,406 27,262,390 26.9
1940-41 9,725,645 23,880,254 33,605,899 28.9


SOURCE: H. G. Hamilton and A. H. Spurlock, Farmers' Cooperative
Associations in Florida v. Citrus Cooperatives; Trends in Financial
Structure and Services; and Factors Determining Success or Failure (Agri-
cultural Experiment Station, Gainesville, Florida, Bulletin 386, May,
1943), p. 12.






























MARKETING COOPERATIVES

OTHER THAN CITRUS









TABLE 29


CAPITAL STRUCTURE OF MARKETING COOPERATIVES, BY COMMODITY TYPE,
FISCAL YEAR ENDING 1959a


Stock Equity Certificates
Number Common Preferred Equiy
Commodity of Number Percent of Number Percent of Number Percent of
Type Associations Using Net Worth Using Net Worth Using Net Worth


Dairy:
Distributing 4 3 2.0 2 28.6 1 .5
Bargaining 2 .........

Livestock 3 2 50.4 1 5.5

Table Eggs 4 2 .4 2 9.7

Tobacco 2b 2 41.5

Truck Crops 26 13 3.8 2 5.2 10 21.0

Miscellaneous 3 1 27.1 1 32.3 1 33.4

Total 44 23 9.4 8 14.2 12 6.8


aFinancial statements on nine
associations are for close of fiscal


truck crops, three
year 1958.


milk, one livestock, and two miscellaneous


bone association on which no financial statement was available and one organized in 1959 not
included.








TABLE 29--Continued

Unallocated Profits
CoodityNumber Book Credit Surplus and Reserves
Cmodity of Total
Type Association Number Percent of Number Percent of Number Percent of
Using Net Worth Using Net Worth Using Net Worth


Dairy:
Distributing 4 2 68.4 1 .5 .... 100.0
Bargaining 2 2 100.0 .... .... 100.0

Livestock 3 1 13.1 1 31.0 .... 100.0

Table Eggs 4 3 43.1 3 43.8 2 3.0 100.0

Tobacco 2b ..... 1 58.5 .. .. 100.0

Truck Crops 26 14 51.6 9 7.3 10 11.1 100.0

Miscellaneous 3 1 7.2 ........ 100.0

Total 44 23 59.6 15 7.3 12 2.7 100.0











TABLE 30

DISTRIBUTION OF MARKETING COOPERATIVES,
BY SPECIFIED AMOUNTS OF NET SALESa


1,000
Dollars Number Percent Dollars Number Percent Dollars


8.0

32.0

58.0

60.0

72.0

80.0



88.0

92.0


100 and less

101 500

501 1,000

1,001 1,500

1,501 2,000

2,001 2,500

2,501 3,000

3,001 3,500

3,501 4,000

4,001 4,500

4,501 5,000

5,001 and over

Total


Average


21,797

289,523

651,682

1,278,153

1,807,305

2,222,840c



3,278,408

3,547,400


100.0 5,462,803

... 37,974,567

.. 1,518,983


33.3

50.0



66.7


194,805

894,000b



1,994,509


100.0 15,665,684b

34,609,488

5,768,248


aIncludes farm products sold and supplies purchased by farmers
through cooperatives.

blncludes one milk bargaining cooperative.

CIncludes one vegetable association selling 20,694 head of livestock.

dOne association organized in 1959 not included.


...


....

















Range of
Net Sales


1,000
Dollars

100 and less

101 500

501 1,000

1,001 1,500

1,501 2,000

2,001 2,500

2,501 3,000

3,001 3,500

3,501 4,000

4,001 4,500

4,501 5,000

5,001 and over

Total

Average


45



TABLE 30--Continued


Table ERs Livestock
Number Average Number Average
of Cumulative Net of Cumulative Net
Assns. Percent Sales Assns. Percent Sales


Number




3






1



















4

.*


Percent




75.0






100.0




*


*

*

.. *

.. *

.. *

.. *

.. *


Dollars




287.958






1,956,553



















2,820,426

705,106
.. *

..* *

















705,106


Number






2




..
..














1




3

.*


Percent






66.7



















100.0
*
















*

*


Dollars



.. .



730,545



















4,519,459
o....



















6,000,132

2,000,044










46



TABLE 30--Continued


1,000
Dollars


Number Percent Dollars Number Percent Dollars


100 and less


101 500


501 1,000


1,001 1,500


1,501 2,000


2,001 2,500


2,501 3,000


3,001 3,500


3,501 4,000


4,001 4,500


4,501 5,000


5,001 and over


Total


Average


50.0


100.0





...
e a e


...
* e


* e


* o
.. e


..


.. .


.. #
.. *


.. *


.* *


.* *


..


66.7


100.0


...













* s


...
* *
. *


* *


. *


*


* *


.. *


*. *


.* *


.. *


.. *


450,000


693,905


















o..











1,837,971


612,657
*. *


.* *


.. *


..
















612,657


55,256


118,048

































234,590


78,197
...


...


..


...


*...



















78.197










TABLE 31

AVERAGE SALES, MEMBERSHIP, AND NET MARGINS OF
MARKETING ASSOCIATION, BY CO(HODITY TYPE,
FISCAL YEAR ENDING 1959a


Average per Association
Number Products Sold
Commodity of Value of Value of and Sulies Net
As Products Supplies mberpp
Asns*. Sodu Pup s e Purchased Margins
Sold Purchased
_____________per Member
Number Dollars Dollars Number Dollars Dollars

Livestock 3 1,993,516 6,528 312 6,403 15,637

Milk:
Distributing 4 2,491,372 ... 8 301,984 42,517
Bargaining 2 12,322,000 ... 82 150,504 39,371

Table Eggs 4 685,588 19,517 45 15,235 7,997

Tobacco 3b 612,657 ... 7 83,544 5,307

Truck Crops 26 1,367,663cl51,319 37 39,028 46,976

Miscellaneous 3 76,187 2,110 67 1,173 5,733

Total 45 1,858,800 87,022 56 33,272 37,305


aData on nine truck crops, three milk, one livestock, and two mis-
cellaneous associations for fiscal year ending 1958.

bone tobacco association organized in 1959 not included.

cIncludes one truck crop cooperative that sold 20,694 head of
livestock.








TABLE 32

AVERAGE NET MARGINS OF MARKETING ASSOCIATIONS, BY COMMODITY TYPE,
THREE-YEAR PERIOD, SEASONS 1956-57--1958-59a


Livestock Milk Table Eggs Tobacco Truck Crops Miscellaneous
Fisca Number Margins Number Margins Number Margins Number Margins Number Margins Number Margins
ear of per of per of per of per of per of per
Assns. Assn. Assns. Assn. Assns.b Assn. Assns. Assn. Assns. Assn. Assns. Assn.
Number Dollars Number Dollars Number Dollars Number Dollars Number Dollars Number Dollars

1957 3 9,213 3 19,903 3 5,659 3 1,166 19 55,755 3 8,910

1958 3 14,970 3 33,467 3 12,226 3 1,166 20 21,243 3 7,521

1959 3 15,637 6 41,468 4 7,997 3 3,892 24 49,019 3 2,147


aData on nine truck crops, two milk marketing, one livestock, and two miscellaneous marketing
associations for fiscal years ending in 1955 through 1958.

bRepresents number of associations on which information regarding net margins was available.









TABLE 33


KIND OF INSTRUMENTS USED AND ALLOCATION OF NET MARGINS, MARKETING
ASSOCIATIONS, BY COMMODITY TYPE, FISCAL YEAR ENDING 1959a


r Number Disposition of Margins
Numer arngBook Patronage Cash Total
Commodity of Net Unallocated Credit Equity Refund Other
Assns. Margins Certificates

Number Number Percent Percent Percent Percent Percent Percent

Livestock 3 3 40.0 18.2 .. 24.1 17.7 100.0
Milk 6 4 0.6 92.1 .... 7.3 100.0
Table Eggs 4 3 1.7 10.2 88.1 .... 100.0
Tobacco 3b 2 30.0 .... 70.0 .. 100.0
Truck Crops 26 17 3.1 17.7 15.0 64.2 .. 100.0
Miscellaneous 3 2 2.4 .... 97.6 .. 100.0

Total 45 31 4.7 33.9 16.7 42.9 1.8 100.0


aData on nine truck crops, three milk, one livestock, and two miscellaneous associations for
fiscal year ending 1958.


bone tobacco association organized in 1959 not included.









TABLE 34


PAYMENT OF CASH REFUNDS BY MARKETING ASSOCIATIONS, BY COMMODITY TYPE,
FISCAL YEAR ENDING 1959a


Livestock
Milk
Table Eggs
Tobacco
Truck Crops
Miscellaneous

Total


Number Number Percent Dollars Dollars Dollars Dollars

3 3 33.3 11,302 15,637 37,406 12.06


6
4
3c
26
3


33.3
16.7
33.3

15.6


8,176
631,953
16,793

668,224


41,093
7,997
5,307
46,976
5,733


8,176
190,209
16,794


37,305 117,601


480.94
653.52
83.96

265.80


aData on nine truck
operatives for fiscal year

bDoes not represent
cash refunds in proportion


crops, three
ending 1958.


milk, one livestock, and three miscellaneous marketing co-


actual cash payments received by members, for nonmember patrons share in
to their patronage.


COne tobacco association organized in 1959 not included.









TABLE 35


AVERAGE BALANCE SHEETS OF MARKETING COOPERATIVES, BY COMMODITY TYPE, FISCAL YEAR ENDING 1959a

Commodity Type
Assets 2 4 4
Livestock Marketing Milk Table Eggs


Current Assets:
Cash on hand and
on deposit
Notes and accts.
receivable
Inventory
Other
Total

Fixed Assets:
Land
Bldgs., mach.,
equip. (net)
Total

Other Assets:
Investments
Investments in other
cooperatives
Prepaid expenses
Other
Total


Amount
(Dollars)


48,077.20

15,800.60
1,897.59
362.50
66,137.89


7,664.08

28,677.84
36,341.92


Percent


Amount
(Dollars)


66,704.84


147,102.65
35,615.45
18,801.30
63.41 268,224.24


40,871.59

357,620.25
34.84 398,491.84


Percent


38.46


Amount
(Dollars)


4,803.94

19,030.70
6,390.18
290.31
30,515.13


Percent


64.35


515.88


57.14


15,665.75
16,181.63


34.12


8,341.69


1,826.33

1,826.33


TOTAL ASSETS 104,306.14


7,903,91
7,563.60
6,875.97
1.75 30,685.17

100.00 697,401.25


4.40


100.00


25.00
687.71
8.56
721.27

47,418.03


1.53


100.00









TABLE 35--Continued

Commodity Type
Assets 2 25 3
Tobacco Truck Crops Miscellaneous


Amount
(Dollars)


Percent


Amount
(Dollars)


Percent


Amount
(Dollars)


Percent


Current Assets:
Cash on hand and
on deposit
Notes and accts.
receivable
Inventory
Other
Total

Fixed Assets:
Land
Bldgs., mach.,
equip. (net)
Total

Other Assets:
Investments
Investments in other
cooperatives
Prepaid expenses
Other
Total


6,738.12

9,620.11


16,358.23


4,000.00

16,007.00
20,007.00


2.50
2.50


110,113.35


107,822.72
29,390.77
8,907.96
44.98 256,234.80


59.06


7,762.67


132,713.98
55.01 140,476.65


0.01


11,235.95

3,556.96
2,844.65
19,512.45
37,150.01


32.38


8.56


7,109.95

17,884.37
11,965.39
288.24
37,247.95


3,631.00

44,626.31
48,257.31


2,272.67
1,019.67

3,292.34


36,367.73 100.00 433,861.46 100.00


41.95


54.34


3.71


TOTAL ASSETS


88.797.60 100.00









TABLE 35--Continued


Current Liabilities:
Accounts payable
Notes payable to:
Banks
Other
Accrued items
Other
Total


Amount Percent Amount Percent Amount Percent
(Dollars) (Dollars) (Dollars)


1,503.09


219.20
1,458.67

3,180.96


3.05


65,739.75

34,230.52
10,973.03
18,995.72
15,624,63
145,563.65


20.87


24,632.95

920.78
3,087.40
1,235.54
472.95
30,349.62


64.00


Fixed Liabilities:
Mortgages payable to:
Banks ....
Other ....
Certificates of indebt.
and net worth items
approaching maturity ....
Other ...
Total ....


54,818.22
60,765.95



1,562.75
117,146.92


1698.24
1,698.24


16.80


1,698.24 3.59









TABLE 35--Continued

Commodity Type
2 25 3
Liabilities 2 25 3
Tobacco Truck Crops Miscellaneous
AmountH


Current Liabilities:
Accounts payable
Notes payable to:
Banks
Other
Accrued items
Other
Total


Percent


Amount
(Dollars)


59,641.07


50,835.92
2,549.03
6,433.51
5,125.34
4.28 124,584.87


Percent


28.72


Amount
(Dollars)


2,894.74

1,666.67
2,000.00
382.59
23,242.69
30,186.69


Percent


33.99


Fixed Liabilities:
Mortgages payable to:
Banks
Other
Certificates of indebt.
and net worth items
approaching maturity
Other
Total


13,410.31
13,772.93



468.19
27,651.43


6,267.33



11,153.06

6.37 17,420.39 19.62


Amount
(Dollars)


530.20



1,019.59
6.70
1,556.49









TABLE 35--Continued


Commodity Type
Net Worth 2 4 4
Livestock Marketing Milk Table Eggs

Amount Percent Amount Percent Amount Percent
(Dollars) (Dollars) (Dollars)

Net Worth:
Capital stock:
Common 58,734.30 11,347.50 60.00
Preferred 6,229.92 124,533.87 1,495.00
Book credit in lieu of
stock or ctfs. .... 297,459.40 6,628.57
Patrons' equity ctfs. .... 2,150.70
Surplus and undivided
profits 36,160.96 (800.79) 7,186.60
Other ..........
Total 101,125.18 96.95 434,690.68 62.33 15,370.17 32.41

TOTAL LIABILITIES
AND NET WORTH 104 306.14 100.00 697,401.25 100.00 47,418.03 100.00


Current Ratio 20.79:1 1.84:1 1.00:1
Net Worth to Long-Term
Debt ..... 3.76:1 9.05:1
Net Worth to Fixed Assets 2.78:1 1.09:1 0.95:1
Turnover of Fixed Assets ..... .... ....


aBalance sheets for nine truck
citations are for close of fiscal year


crops, three milk, one livestock, and two miscellaneous asso-
1958.









TABLE 35--Continued

Commodity Type
Net Worth 2 25 3
Tobacco Truck Crops Miscellaneous

Amount Percent Amount Percent Amount Percent
(Dollars) (Dollars) (Dollars)

Net Worth:
Capital atock:
Common 14,432.80 10,765.40 11,288.33
Preferred ..... 14,565.47 13,475.00
Book credit in lieu of
stock or ctfs. ..... 145,276.31 3,005.27
Patrons' equity ctfs. ..... 59,257.39 15,470.66
Surplus and undivided
profits 20,378.44 20,636.31 (2,050.74)
Other ..... 31,124.28 .....
Total 34,811.24 95.72 281,625.16 64.91 41,188.52 46.39

TOTAL LIABILITIES
AND NET WORTH 36,367.73 100.00 433,861.46 100.00 88,795.60 100.00


Current Ratio 10.51:1 2.06:1 1.23:1
Net Worth to Long-Term
Debt ..... 10.36:1 ....
Net Worth to Fixed Assets 1.74:1 2.00:1 0.85:1
Turnover of Fixed Assets ..... 10.8 ....










TABLE 36

USE OF BORROWED FUNDS BY MARKETING ASSOCIATIONS,
BY COMMODITY TYPE, FISCAL YEAR ENDING 1959a


Livestock

Milk:
Distributing
Bargaining

Table Eggs

Tobacco

Truck Crops

Miscellaneous

Total


Number Number Percent Dollars Dollars Dollars

3 .. . ... .. ...


4
2

4

3c

26

3

45


100.0
50.0

75.0



46.2

66.7

46.7


144,796


16,032



292,719

5,000

458,547


263,717
31,078

6,793



595,434

18,802

915,824


408,513
31,078

22,825



888,153

23,802

1,374,371


aFinancial statements for nine truck crops, three milk, one live-
stock, and two miscellaneous associations for fiscal year ending 1958.

bAmount represents loans outstanding as shown on financial state-
ment at close of fiscal year.

COne tobacco association organized in 1959 not included.







58


TABLE 37

SOURCES OF CREDIT USED BY MARKETING ASSOCIATIONS,
FISCAL YEAR ENDING 1959a


Number of Percent of
Principal Sources Associations Total Amount
Using Borrowedb


Commercial Banks 7 29.5

Columbia Bank for Cooperatives 12 51.8

Insurance Companies 1 0.2

Individuals 4 11.0

Supply and Equipment Manufacturers 4 5.3

Unknown 1 2.2

Total 29 100.0


aFinancial statements for nine truck crops, three milk, one live-
stock, and two miscellaneous associations for fiscal year ending 1958.

bRepresents percentage of total loans outstanding on the books of
the associations as shown by financial statements.










TABLE 38

DISTRIBUTION OF AVERAGE MEMBERSHIP PER
ASSOCIATION ACCORDING TO VOLUME OF
SALES, TRUCK CROPS ASSOCIATIONS,
1958-59 SEASONa


S Number of Average Members
Range of Net Sales Associations per Association

1,000
Dollars Number Number

100 and less 2 63
101 500 6 10
501 1,000 6 18
1,001 1,500 1 10
1,501 2,000 3 28
2,001 2,500 2 237
2,501 3,000...
3,001 3,500 2 34
3,501 4,000 1 3
4,001 4,500
4,501 5,000
5,001 and over 2 15

Total 25 418


fall of 1958


aData on nine associations for fiscal year ending in
covering the 1957-58 growing season.































FARM SUPPLY COOPERATIVES









TABLE 39

MEMBERSHIP IN FARM SUPPLY COOPERATIVES BY PRINCIPAL PRODUCTS
HANDLED, FISCAL YEAR ENDING 1959a


Fertilizers atd
insecticides 5 344
Containers 3 12
Mixed supplies 9 5,172 7
Feed 2" 122

Total 19 5,650 7


aData on six associations were for fiscal year ending 1958 due
time of the survey.

bOne association, recently incorporated but not operating, did
and is not included.


19 2 365
50 10 72
5,179
122

69 12 5,738


to incomplete audits at the


not have a membership list


*










TABLE 40


CAPITAL STRUCTURE OF FARM SUPPLY COOPERATIVES BY PRINCIPAL PRODUCTS
HANDLED, FISCAL YEAR ENDING 1959a


9
Cooperatives 3 Cooperatives 1
Handling Cooperatives Handling Cooperative
Fertilizers Handling Mixed Handling
and Containers Farm Feed
Capital Structure Insecticides Supplies _'e n
Percent Percent Percent Percent
Number of Number of Number of Number of
With-- Capital With-- Capital With-- Capital With-- Capital
Structure Structure Structure Structure

Long-term debt 3 15.3 1 4.5 1 1.5 1 44.8
Certificates of
indebtedness .. ... .. .. .. 1 53.7
Preferred stock .... 1 6.7 ..
Common stock 5 14.8 2 27.1 1 7.6..
Equity certificates 2 28.7 1 2.9 8 26.6 ..
Book credit 2 28.6 1 43.6 6 42.7 1 1.5
Surplus and reserves 3 12.6 1 15.2 5 21.6 ..

Total 100.0 100.0 100.0 100.0


aData on six associations were for fiscal year ending
time of the survey.


1958 due to incomplete audits at the










TABLE 41


AVERAGE SALES, MEMBERSHIP, AND NET MARGINS OF FARM SUPPLY COOPERATIVES, BY VOLUME OF SALES
AND BY PRINCIPAL PRODUCTS HANDLED, FISCAL YEAR ENDING 1959a


Number _Average per Association
Item of Sales of to Sales to Net
Farm Members ales to Non-
Associations F Mees Members members Margins
SSupplies I members
Number Dollars Number Dollars Dollars Dollars
V e of S s---------------Associations Classified by Volume of Sales----------------
Volume of Sales:b
$ 100,000 $ 199,999 5 175,228 155 139,408 35,820 1,956
200,000 299,999 2 241,244 573 202,938 38,306 5,709
300,000 399,999 2 314,181 672 252,868 61,313 19,306
400,000 499,999 1 429,706 44 354,740 74,966 11,998
500,000 999,999 3 655,761 1,335 624,723 31,038 26,945
1,000,000 1,999,999 1 1,420,017 14 1,420,017 .... 175,707
2,000,000 2,999,999 3 2,370,815 106 1,939,921 430,894 111,551
3,000,000 and over 1 4,303,935 56 2,286,636 2,017,299 161,350

Total 18 956,687 428 744,482 212,205 45,797
-----------Associations Classified by Principal Products Handled---------
Principal Products Handled:
Fertilizers and
insecticides 5 1,887,779 73 1,204,209 683,570 86,076
Containers 3 1,556,519 24 1,556,519 .... 87,684
Mixed supplies 9 324,076 797 279,426 44,650 10,343
Feed 1 195,233 92 195,233 ..... 9,799


aData on six associations were for fiscal year ending 1958 due to incomplete audits at the
time of the survey.

bNo association had sales below $100,000.










TABLE 42


PROPORTION OF FERTILIZERS, INSECTICIDES, FEED,
TO TOTAL SALES, BY FIRM,


SEED, MISCELLANEOUS SUPPLIES,
FISCAL YEAR ENDING 1959a


AND BABY CHICKS,


Firm Fertilizers Insecticides Feed Seed Miscellaneous Baby Total
II IFarm Supplies Chicks
Percent Percent Percent Percent Percent Percent Percent

1 35.0 .... 60.0 5.0 .... ... 100.0
2 28.3 6.1 33.8 13.9 16.5 1.4 100.0
3 26.3 8.1 28.8 23.2 13.4 0.2 100.0
4 50.9 3.9 18.0 13.6 13.4 0.2 100.0
5 46.0 .... 27.0 13.0 14.0 ... 100.0
6 43.4 6.5 22.8 13.9 12.9 0.5 100.0
7 16.5 2.5 74.7 1.9 4.4 ... 100.0
8 57.5 6.3 14.3 13.4 8.4 0.1 100.0
9 55.8 4.4 26.2 9.0 3.8 0.8 100.0
10 ... .... 100.0 ........ ... 100.0
11 83.9 16.1 ... .... .... ... 100.0
12 100.0 .... ... ........ ... 100.0
13 79.6 20.4 ... .... .... ... 100.0
14 78.3 21.7 ... ... .... ... 100.0
15 67.2 32.8 ... ........ ... 100.0

Total 65.7 20.5 9.2 2.6 1.9 0.1 100.0


aData on six
time of the survey.


bInsecticides include all spray materials and farm medicines.


associations were for fiscal year ending 1958 due to incomplete audits at the










TABLE 43


KIND OF INSTRUMENTS USED AND ALLOCATION OF NET MARGINS, BY VOLUME OF SALES,
AND PRINCIPAL PRODUCTS HANDLED, FISCAL YEAR ENDING 1959a


Number Number Disposition of Margins
Item of Earning Patrons'
Assns. Net Unallocated Book Equity Cash Total
Margins Credit Certificates Refund
I Certificates
Number Number Percent Percent Percent Percent Percent
Vo e of S b -------------- Associations Classified by Volume of Sales-- -------------
Volume of Sales:b
$ 100,000 $ 199,999 5 4 42.4 11,7 ... 45.9 100,0
200,000 299,999 2 2 ... ... 100.0 .... 100.0
300,000 399,999 2 2 ... ... 65.4 34.6 100.0
400,000 499,999 1 1 ... 100.0 ... .... 100.0
500,000 999,999 3 3 ... 57.9 30.1 12.0 100.0
1,000,000 1,999,999 1 1 ... 14.2 ... 85.8 100.0
2,000,000 2,999,999 3 3 26.8 4.5 ... 68.7 100.0
3,000,000 and over 1 1 ... 100.0 ... ... 100.0

Total 18 17 12.2 31.2 7.2 49.4 100.0
----------Associations Classified by Principal Products Handled----------
Principal Products Handled:
Fertilizers and
insecticides 5 5 19.9 35.8 ... 44.3 100.0
Containers 3 3 ... 27.4 ... 72.6 100.0
Mixed supplies 9 9 2.5 25.0 50.4 22.1 100.0
Feed 1 1 100.0 ... ... .... 100.0


aData on six associations were for fiscal year ending 1958 due to
time of the survey.

bNo association had sales below $100,000.


incomplete audits at the










TABLE 44


PAYMENT OF CASH REFUNDS BY FARM SUPPLY COOPERATIVES, BY VOLUME OF SALES
AND PRINCIPAL PRODUCTS HANDLED, .FISCAL YEAR ENDING 1959a


Number of Average Net
Number of
Margin per
Associations Percent of Association Cash
Associations Total Cash Associ- Refund
Item Earning Paying Cash Refunds All nations per
Total Net Refunds Paid Associ- Paying Memberb
Margins nations Cash
Refunds


Number Number


Percent


Dollars Dollars Dollars Dollars


----------------Associations Classified by Volume of Sales----------------


Volume of Sales:c
$ 100,000 $ 199,999
200,000 299,999
300,000 399,999
400,000 499,999
500,000 999,999
1,000,000 1,999,999
2,000,000 2,999,999
3,000,000 and over


18 17 44.4 417,509


40.0

0 *
50.0

33.3
100.0
100.0


13,965

13,339

9,641
150,708
229,856


1,956
5,709
19,306
11,998
26,945
175,708
111,551
161,350


8,773

26,679
...
19,282
175,708
111,551


20.32

9.92

2.40
10,765.00
718.30


Total


45,797 71,733 54.16









TABLE 44--Continued


Number of Average
Associations percent of Margin per Cash
Associations Percent of Total Cash Association Cash
ItemAssociations Refunds Associ- Refund
Earning Paying Cash Paid All nations per b
Total Net Refunds Associ- Paying Member
Margins nations Cash
Refunds
Number Number Percent Dollars Dollars Dollars Dollars
----------Associations Classified by Principal Products Handled--------
Principal Products Handled:
Fertilizers and
insecticides 5 4 60.0 199,922 86,076 96,566 547.00
Containers 3 2 66.7 190,857 87,684 115,438 2,650.00
Mixed Bepplies 9 9 33.3 26,731 10,343 17,764 3.72
Feed 1 1 ... ... 9,799 ... ....


aData on six associations were for fiscal year ending 1958 due to incomplete audits at the
time of the survey.

bDoes not represent actual cash payments to members, for nonmember patrons share in cash
refunds in the proportion to which they patronize the association.


CNo association had sales below $100,000.










TABLE 45


AVERAGE BALANCE SHEETS OF 17 FARM SUPPLY COOPERATIVES, BY PRINCIPAL
PRODUCTS HANDLED, FISCAL YEAR ENDING 1959a


Products Handled
Assets 9 3
Mixed Supplies Containers Fertilizers
and Insecticides


Current Assets:
Cash on hand and
on deposit
Notes and accts.
receivable
Inventory
Other
Total

Fixed Assets:
Land
Bldgs., mach.,
equip. (net)
Total

Other Assets:
Investments
Investments in other
cooperatives
Prepaid expenses
Other
Total


Amount
(Dollars)


3,524.83

50,595.66
23,489.09
141.68
77,751.26


1,897.50


30,435.89
32,333.39


Percent


Amount
(Dollars)


144,889.51

103,128.94
103,745.53
11800.00
50.26 353,563.98


Percent


71.76


696.93


101,657.49
20.90 102,354.42


40.02


41,841.29
2,721.21

44,602.52


28.84


29,716.97


7,044.24

36,761.21


20.77


7.47


Amount
(Dollars)


106,348.16

187,238.26
130,287.25
4,792.65
428,666.32


14,435.93

248,340.40
262,776.33


45,880.68

13,809.92
13,388.45
1,907.66
74,986.71


TOTAL ASSETS 154,687.17
z32


Percent


55.94


34.28


9.78


100.00 492 679.61 100.00


7662429 36 100.00










TABLE 45--Continued


Products Handled
Liabilities 9 3 5
Fertilizers
Mixed Supplies Containers and Insecticides
and Insecticides


Current Liabilities:
Accounts payable
Notes payable to:
Members
Banks
Other
Accrued items
Other
Total


Percent


41.99


Amount
(Dollars)

55,599.38


7,180.77
61,119.09
123,899.24


Percent


25.15


Amount
(Dollars)

108,998.33


98,802.50

21,734.22
48,334.73
277,869.78


Percent


36.25


Fixed Liabilities:
Mortgages payable to:
Banks 9,051.20
Other 1,111.10
Certificates of indebt.
and net worth items
approaching maturity .....
Other .....
Total 10,162.30


74,760.71


16,666.67
16,666.67
16,666.67


74,760.71 9.75
74,760.71 9.75


Amount
(Dollars)

56,884.57


5,047.34
2,644.44
312.38
63.78
64,952.51


6.57


3.38









TABLE 45--Continued


Products Handled
5
Net Worth 9 3 Fertilizers
Mixed Supplies Containers and Insecticides

Amount Percent Amount Percent Amount Percent
(Dollars) (Dollars) (Dollars)
Net Worth:
Capital stock:
Common 5,872.22 100,006.67 72,365.40
Preferred ..... 25,000.00 ....
Book credit in lieu of
stock or ctfs. 33,457.87 160,904.08 139,708.50
Patrons' equity ctfs. 23,371.57 10,725.67 140,118.07
Surplus and undivided
profits 16,870.70 55,477.28 61,606.90
Other ...............
Total 79,572.36 51.44 352,113.70 71.47 413,798.87 54.00

TOTAL LIABILITIES
AND NET WORTH 154687.17 100.00 4921679.61 100.00 766,429.36 100.00


Current Ratio 1.20:1 2.85:1 1.54:1
Net Worth to Long-Term
Debt 7.83:1 21.13:1 5.53:1
Net Worth to Fixed Assets 2.46:1 3.44:1 1.57:1
Turnover of Fixed Assets 10.27 15.21 7.18


aData on six associations were for fieeal year -nding
time of the survey.


1958 due to aeoapletee audits at the










TABLE 46

USE OF BORROWED FUNDS BY FARM SUPPLY COOPERATIVES,
FISCAL YEAR ENDING 1959a


Number Number Percent Dollars

Fertilizers and
insecticides 5 3 60.0 494,604
Containers 3 1 33.3 .
Mixed supplies 9 6 66.7 69,226
Feed 1 1 100.0 2,800

Total 18 11 61.1 566,630


aData on six associations were for fiscal year ending 1958 due
time of the survey.

Amount represents loans outstanding on books at end of fiscal


Dollars


373,212
50,000
91,461
18,400

533,073


to incomplete


year.


Dollars


867,816
50,000
160,687
21,200

1,099,703


audits at the










TABLE 47

SOURCES OF CREDIT USED BY FARM SUPPLY COOPERATIVES,
FISCAL YEAR ENDING 1959a

Number of Percent of
Principal Sources Associations Total Amount
Using Borrowed

Commercial banks 3 13.2

Columbia Bank for Cooperatives 3 77.2

Other cooperatives 5 4.1

Other sources 2 5.5

Total 13 100.0


aData on six associations were for fiscal year ending 1958 due to
incomplete audits at the time of the survey.

bRepresents percent of total loans outstanding on the books of the
associations as shown by financial statements.






























MISCELLANEOUS COOPERATIVES










TABLE 48

MEMBERSHIP IN MISCELLANEOUS SERVICE COOPERATIVES,
BY TYPE OPERATION, 1959

Number Average
Type of of Number of Membership
Operation Assns. Members per Assn.a


Artificial Breeding 12 286 28

Caretaking:
Cattle 4 118 30
Tung Grove 1 4 4

Dairy Herd Improvement Association 9 112 12

Dairy Serviceb 6 225 38

Precooling Vegetables 1 7 7

Production of Irish Potatoes I 32 32

Trade Associations 8 11,248 1,406

Total 42 12,032 286


aRounded to nearest whole number.

bAssociations, in general, represent
committees and regulatory bodies.


producers before legislative


MIL:ms 7-60
Ag. Exp. Sta. 300




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