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Financial Profile of Dairy Cooperatives, 2002

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  • Liebrand, Carolyn

Abstract

Financial statements for U.S. dairy cooperatives in 2002 are presented. The nation's dairy cooperatives were categorized into five groups based on their primary function (bargaining-only, commodity-manufacturing, niche-marketing, fluid-processing and diversified) and according to size (net volume of milk handled). Balance sheets and operating statements were presented on a per-cwt, per-cooperative and common-size basis for U.S. dairy cooperatives by operating type and by size category. Financial ratios are also presented for each type and size group. Dairy cooperatives employed $6.22 of assets per cwt to market member milk in 2002. One-third of the assets were financed by member equity. Net margins before tax of $0.21 per cwt of milk handled represented a 1.2 percent return on total sales.

Suggested Citation

  • Liebrand, Carolyn, 2004. "Financial Profile of Dairy Cooperatives, 2002," Research Reports 280091, United States Department of Agriculture, Rural Development.
    • Handle: RePEc:ags:urdbrr:280091
    DOI: 10.22004/ag.econ.280091
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    File URL: https://ageconsearch.umn.edu/record/280091/files/RR203.pdf
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    Cited by:

    1. Webb, Tom & Liebrand, Carolyn & Ling, Charles & Thomson, Stephen & Ely, Gerald & Eversull, Eldon, 2005. "Rural Cooperatives Magazine, July/August 2005," Rural Cooperatives Magazine, United States Department of Agriculture, Rural Development, vol. 72(4), July.
    2. Ling, K. Charles, 2005. "Dairy Cooperative Growth Challenges: Technology, Ingredients (Proteins) and Equity Financing," Research Reports 280094, United States Department of Agriculture, Rural Development.

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