agricultural cooperatives, revolving funds, financing cooperatives, agricultrual economics
Why are revolving funds to be preferred to the more usual business methods of borrowing or of selling stock certificates? This publication tries to answer this question by discussing the nature of capitalization of cooperatives, describing how revolving funds work, and pointing out some of the advantages and disadvantages of this method of financing. A cooperative differs from other businesses in the purpose of the organization and in the way it keeps its books of record and distributes the patron's savings. In the usual types of business we find the organization is operated for the profit of owners, who are not important patrons of the business. The cooperative no the other hand, is operated to increase the profit of the patrons of the business, who are also its owners.
South Dakota State State College of Agriculture and Mechanic Arts, Agricultural Experiment Station
Antonides, R. J., "Financing Cooperatives with Revolving Funds" (1961). Agricultural Experiment Station Circulars. 148.