Financial Management of Farmers' Elevators: A Study in the Principles of Corporate Finance as Applied to Grain Marketing Companies |
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20 Illinois Farmers accounts receivable Agricultural Cooperatives Association American Cooperative Publish asso audit reports average Based on audit Brief Relating capital invested capital stock capital structure Champaign County chapter Chicago ciations cooperative elevators cooperative grain elevator corporate current assets current liabilities dends depreciation reserve depression period economical elevator companies elevator management elevator organization Elevators made available Elsworth Exemption of Cooperative expenses Farm Loan Board Federal Farm Loan Federal Trade Commission Figure fixed assets flour and feed gain on grain Grain Dealers grain elevator business grain growers grain marketing grain trading gross sales Ibid Illinois Agricultural Cooperatives Illinois Cooperative Illinois elevators income tax individual elevators Intermediate Credit banks inventories invested capital losses methods ness Nourse operative patronage divi patronage dividends practice present profits ratio of sales ratio of surplus reports of Illinois Revenue secured surplus fund surplus to invested terminal markets tion tive Trust Company Turnover vators
Popular passages
Page 80 - ... reasonable sinking fund or surplus to provide for the erection of buildings and facilities required in business, or for the purchase and installation of machinery and equipment, or to retire indebtedness incurred for such purposes, will not destroy the exemption. A corporation organized to act as a sales agent for farmers, or to market cooperatively the products of the farm, and having a capital stock on which it pays a dividend not exceeding 8 per...
Page 81 - If the proceeds of the business are distributed in any other way than on such a proportionate basis, the association does not meet the requirements of the Act and is not exempt.
Page 22 - In order to promote, foster and encourage the intelligent and orderly marketing of agricultural products through co-operation; and to eliminate speculation and waste ; and to make the distribution of agricultural products between producer and consumer as direct as can be efficiently done ; and to stabilize the marketing of agricultural products, this Act is passed.
Page 73 - To make loans or advances direct to any cooperative association organized under the laws of any State and composed of persons engaged in producing, or producing and marketing, staple agricultural products, or live stock, if the notes or other such obligations representing such loans are secured by warehouse receipts, and/or shipping documents covering such products, and/or mortgages on live stock...
Page 80 - ... for the purpose of purchasing supplies and equipment for the use of members or other persons, and turning over such supplies and equipment to them at actual cost, plus necessary expenses.
Page 73 - Provided, That no such loan or advance shall exceed 75 per centum of the market value of the products covered by said warehouse receipts and/or shipping documents, or of the live stock covered by said mortgages.
Page 73 - Intermediate credit banks will accept the receipt of any warehouse licensed and bonded under the Federal warehouse act." The formation of cooperative growers' associations, the improved credit facilities made available by the Government, and the attitude of large banks are all encouraging the producer to hold his crops for a longer period after harvesting and thus encouraging more orderly marketing. The Federal warehouse...
Page 73 - The Federal Farm Loan Board has ruled that approved warehouse receipts or shipping documents covering the following agricultural products may be accepted as a basis for loans to cooperative marketing associations : wheat, cotton, wool, tobacco, raisins, peanuts, broom-corn, beans, rice, alfalfa, and red-top seeds, hay, nuts, canned fruits and vegetables, maple syrup, and dried fruits.
Page 80 - ... or organized and operated as purchasing agents for the purpose of purchasing supplies and equipment for the use of members and turning over such supplies and equipment to such members at actual cost, plus necessary expenses...
Page iii - COMMITTEE OF AWARD RALPH E. HEILMAN, Chairman; Professor of Economics and Dean of the School of Commerce, Northwestern University, Chicago.