Statistics of Farmers Cooperatives In Minnesota, 1950 I

Transcription

1 ? 2 TATION BULLETIN 11 For Centrl Assembly Plnts Centrl ssembly plnts cn py more nerly wht eggs re ctully worth if they re well grded nd stndrdized when delivered Centrl plnts cn help reduce qulity losses by providing: 1 Rpid, wellrefrigerted trnspor ttion 2 More direct routing of shipments Proper pcking, loding, nd ship ping More rigid grding For Wholeslers nd Retilers Wholeslers nd retilers likewise cn contribute to qulity improvement by creful ttention to grde nd by providing fcilities nd methods Which will hold losses to minimum,, Bulletin june YiW(lNlA POLYTECHNIC lntltu1 AGKICULTURAL BRANC LIBRARY ILACKRURG VIII INIA ttistics of Frmers Coopertives In Minnesot, 195 I E FRED KOLLER T W MANNING B JENE 9 ucüwzl tpene#d iho UNIVERITY OF MINNEOTA

2 interest 2 7 CONTENT I ummry CONTENT Tble Tble Pge Associtions by Volume of Business nd Number of Employees 9 Assets nd Number of Employees 1 9 Chrcteristics of Orgniztion nd Opertion 17 Blnce heets Associtions by County nd Consolidted Blnce heet by Commodity Type 2 Commodity Type 1 17, 18 Prt I Current Assets Volume of Business 2 19, 2 Prt II Investment, Fixed, nd Other Assets 1 Associtions by Commodity Type nd Prt III Libilities 2 Volume of Business 21 Prt IV Net Worth Age of Assocition 21 Averge Blnce heet Assets 5 22 For 1,21 Locl Associtions nd Minor Federtions Type of Affilition 6 22 For 99 Locl Mrketing Associtions 5 Legl ttus 7 2 For 5 Locl Diry Associtions 5 6 Pr Vlue of Common tock 8 2 For Locl Butter Associtions 6 7 Pr Vlue of Preferred tock 9 2 For 21 Locl Grin Associtions Type of Finncil Requirement for Membership 1 2 For 29 Locl Frm upply Associtions 8 9 Income Tx Exemption ttus For 162 Locl Petroleum Associtions 9 5 Type of Action Tken When Member Ceses Frm For 86 Locl Generl Merchndise Associtions 51 ing or Ptronizing the Assocition Averge Finncil Rtios by Commodity Type 1 52 Mximum Dividend Rte Permitted on Common tock 1 26 Associtions by Commodity Type nd Mximum Dividend Rte Permitted on Preferred tock 1 27 Current Assets to Current Libilities Rtio 2 5 Dividend Rte Pid on Common tock in Net Worth to Assets Rtio 5 Dividend Rte Pid on Preferred tock in Associtions by Assets nd Net Worth to Ptronge Refund Distribution Mde During the Lst Assets Rtio 55 Five Yers (1959) Finncing 56 Cpitl Accounts Revolved by Commodity Type nd Membership nd Ptronge 29 Type of Account 5 56 Number of Members nd Ptrons by Length of Nonfixed Revolving Periods 6 57 County 18 29, Additions, Retirements, nd YerEnd Blnces in Re Commodity Type 19 1 volving Accounts by Commodity Type 7 58 Associtions by Commodity Type nd cpiti rccounts Revolved by Commodity Type nd Percentge of Members Who Are Frmers 2 Dividend Rte Pid on Revolving Cpitl for Fiscl Percentge of Mrketing Business with Members 21 2 Percentge of upply nd ervice Business with Non 8 59 Lons by Commodity Type nd member Nonfrmers 22 lerm of Lon Percentge of Business with Members 2 Type of Lender 5 6 Lon Purpose P Method of Lon Repyment Lons by Type of Lender nd ger s Mngeril Experience 2 Rte Types nd Amounts of Compenstion to Mngers by Lon Purpose Commodity Type Amount of Borrowing by Commodity Type Associtions by Commodity Type nd 55 6 Associtions Borrowing, Bsis of Mnger s Commissions 26 6 Number of Lons, nd Amount of Lons by Type of Lender Compenstion of Mnger Number nd Types of Employees by Commodity Type 28 7 Operting ttements 65 Associtions by Commodity Type nd Number of Consolidted Operting ttement by Commodity Type Employees 29 8 Prt I Income, Purchses, nd Mrgins 65 Prt II Operting Expenses 66 Atios by Commodity Type nd Length of Mn Pge

3 CONTENT 5 1 CONTENT Averge Operting ttement For 1,19 Locl Associtions nd Minor Federtions For 992 Locl Mrketing Associtions For 5 Locl Diry Associtions For Locl Butter Associtions For 21 Locl Grin Associtions For 29 Locl Frm upply Associtions For 162 Locl Petroleum Associtions For 86 Locl Generl Merchndise Associtions Associtions by Volume of Business nd Operting Ex penses to Receipts Rtio Associtions by Commodity Type nd Operting Expenses to Receipts Rtio Net Mrgin to Receipts Rtio Receipts per Employee Net Mrgins Distribution of Net Mrgin by Commodity Type Prt I Ptronge Refunds nd Dividends Pid Prt II Nonllocted Reserves nd Income Txes Averge Net Mrgin ttement For 1,19 Locl Associtions nd Minor Federtions For 992 Locl Mrketing Associtions For 29 Locl Frm upply Associtions Associtions by Commodity Type nd Method Used in Allocting Ptronge Refunds Commodities Hndled nd ervices Rendered Business of All Associtions Prt I ummry of Business for All Associtions Prt II Frm Products Mrketed by All Associtions Prt III Frm upplies old by All Associtions Business of All Mrketing Associtions Prt I ummry of Business for All Mrketing As socitions Prt II Frm Products Mrketed by All Mrketing Associtions Prt III Frm upplies old by All Mrketing Asso citions Business of All Diry Associtions Prt I ummry of Business for All Diry Associ tions Prt II Frm Products Mrketed by All Diry Asso citions Tble Pge Business of Milk nd Crem Associtions Prt I ummry of Business for Milk nd Crem Prt III Frm upplies old by All Diry Associtions Business of Butter Associtions Prt I ummry of Business for Butter Associtions Prt II Frm Products Mrketed by Butter Associ tions Associtions Prt II Frm Products Mrketed by Milk nd Crem Associtions Prt III Frm upplies old by Milk nd Crem As socitions Business of Cheese Associtions Prt I ummry of Business for Cheese Associtions Prt III Frm upplies old by Butter Associtions Prt II Frm Products Mrketed by Cheese Associ tions Prt III Frm upplies old by Cheese Associtions Business of Mixed Diry Associtions Prt I ummry of Business for Mixed Diry Asso citions Prt II Frm Products Mrketed by Mixed Diry Associtions Prt III Frm upplies old by Mixed Diry Associ tions Business of Grin Associtions Prt I ummry of Business for Grin Associtions Prt II Frm Products Mrketed by Grin Associ tions Prt III Frm upplies old by Grin Associtions Business of Livestock Associtions Prt I ummry of Business for Livestock Associ tions Prt II Frm Products Mrketed by Livestock Asso citions Prt III Frm upplies old by Livestock nd Wool Associtions Business of Poultry Associtions Prt I ummry of Business for Poultry Associ tions Prt II Frm Products Mrketed by Poultry Asso citions Tble Pge , , , 8 Prt III Frm upplies old by Poultry Associtions Business of Fruit nd Vegetble Associtions 8 Prt I ummry of Business for Fruit nd Vege tble Associtions Prt II Frm Products Mrketed by Fruit Associ 81 tions Prt III Frm Products Mrketed by Vegetble As 82 socitions 8 Prt IV Frm upplies old by Fruit nd Vegetble , , Associtions Business of All Frm upply Associtions 8 Prt I ummry of Business for All Frm upply , Associtions , , 96 95

4 I ttistics of Frmers Coopertives In Minnesot, 195 E Fred Koller, T W Mnning, nd B Jesnesst ummry COOPERATIVE in Minnesot hve mde out stnding progress during the pst hlf century Tody these F ARMER orgniztions provide lrge proportion of the business services needed by frmers of the stte With the id of their coopertives frmers hve worked out for themselves mny of the problems incident to the mrketing of their frm products, purchsing of frm supplies, nd providing other essentil business services the orgniztion nd opertion of these The generl purpose of this study ssocitions ws to obtin informtion on the n This bulletin presents some of the ture, extent, nd some of the results more importnt sttisticl dt obtined of the business ctivities of frmers in this study It provides compre mrketing nd purchsing ssocitions hensive picture of the orgniztion nd in Minnesot t midcentury The study opertions of frmers coopertives in involved tking detiled business Minnesot The informtion will be of census of ll frmers coopertives in considerble vlue in further studies the stte of the business ctivities of these or Among other objectives of the study gniztions t midcentury The dt ws tht of nlyzing the operting re will serve s vluble bench mrk suits of these ssocitions including in compring nd nlyzing the oper the fctors ffecting their costs, net tions of these ssocitions in the future mrgins, nd prices A detiled study ws mde of thg distribution of their NUMBER OF AOCIATION, net mrgins The finncing of these ssocitions ws nlyzed including PATRONAGE, AND their use of borrowed funds, finncing MEMBERHIP by members nd ptrons, nd the use Minnesot rnks first mong the of revolving cpitl plns The nly sttes not only in the number of co opertives but lso in the number of sis included considertion of the co opertive chrcteristics, membership, members nd volume of business hn ptronge, mngement, types of corn dled At the midcentury point there rnodities hndled, nd other spects of nd other officils of coopertives in Minnesot who supplied the bsic dt used in this study Apprecition j expressed to members of the stff of the t Pul Bnk for Coopertives nd to rench M Hyre of the Coopertive Reserch nd ervice Division of the Frm Credit Admin istrtion, Wshington, D C for their vluble suggestions in the preprtion of this study Credit is due Dr Rex W Ccix of the Division of Agriculturl Economics, University of Minne sot, for mny helpful suggestions The ssistnce of the following who ided in the field work 1 The uthors cknowledge with pprecition the excellent coopertion of the mngers ruse, Clvin Kuhnu, Jmes Otto, Dle tllings, nd Hrlow Thompson Is grtefully cknowledged: Robert Bergersen, Mrtin Christinsen, Kenneth Crne, tnley Tble Pge :: 96, , , , , , M CONTENT Prt II Frm Products Mrketed by All Frm upply Associtions Prt III Frm upplies old by All Frm upply As socitions Business of Petroleum Associtions Prt I ummry of Business for Petroleum Asso citions Prt 11 Frm Products Mrketed by Petroleum As socitions Prt Ill Frm upplies old by Petroleum Associ tions Business of Production upply Associtions Prt I ummry of Business for Production upply Associtions Prt II Frm Products Mrketed by Production upply Associtions Prt III Frm upplies old by Production upply Associtions Business of Generl Merchndise Associtions Prt 1 ummry of Business for Generl Merchn dise Associtions Prt II Frm Products Mrketed by Generl Mer chndise Associtions Prt III Frm upplies old by Generl Merchn dise Associtions Business of Mixed upply Associtions Prt I ummry of Business for Mixed Frm upply Associtions Prt II Frm Products Mrketed by Mixed Frm upply Associtions Prt III Frm upplies old by Mixed Frm upply Associtions Business of ervice Associtions Prt I ummry of Business for ervice Associtions Prt II Frm Products Mrketed by All ervice As socitions Prt III Frm upplies old by All ervice Associ tions Frm Business ervices Performed by Commodity Type Prt I Number of Associtions Performing ervices Prt fl Vlue of ervices Performed Procedure nd Terminology ubmitted for publiction FebrurY,

5 tricl, telephone, credit, insurnce, or were 1,1 coopertives in Minnesot engged in mrketing frm products, purchsing frm supplies, or perform ing services relted to these A similr survey mde in 196 counted 1,65 such other types of business services to frmers A totl of 1,8, or threefourths of the ssocitions, were engged pri mrily in mrketing Another s ssocitions These totls do not in socitions were engged primrily io TATITIC OF FARMER COOPERATIVE 8 If MINNEOTA BULLETIN 12 9 purchsing, while provided vrious clude ssocitions which provided elec relted business services Considered by commodity groups the diry coopertives were the most nu merous with 58 ssocitions, or per cent of the totl (tble 1) Frm supply coopertives engged in the purchse of petroleum products, uto motive supplies, feeds, fertilizers, seeds, groceries, nd other supplies rnked second in number with ssocitions Frmers coopertives were locted in 86 of the 87 counties of the stte The counties which led in the number of ssocitions within their border were Polk with 5, Otter Til with 8, nd terns with 5 (figure 1) In deter mining the number of coopertives in county, brnches nd subsidiries of totl includes business hndled for both Minnesot nd outofstte frm ssocitions were not included The totl number of Minnesot p trons reported by these coopertives ws 77,596 (tble 18) ince there re only 179, frm opertors in the stte, this indictes tht on the verge frmers ptronize bout four cooper tives ech Averge ptronge of locl ssoci tions ws Locl frm supply nd grin ssocitions showed the reltively lrge verge ptronge of 8 nd 616, respectively The Minnesot ptrons of 15 lrge regionl ssocitions in the stte verged 1,267 Membership in these coopertives, s evidenced by ownership of voting stock or other membership interest, totled 52, (tble 18) Here, too, it is p prent tht on the verge frmers in the stte own shres in or hve voice in the control of more thn three co opertives ech The membership of locl ssocitions in the stte ver ged 7 VOLUME OF BUINE ers nd ssocitions This is n increse K\ of more thn billion dollrs over the gross business volume of $228,566, trnscted by 1,65 frmers cooper tives in the stte in 196 When business with outofstte frmers is subtrcted from the totl indicted bove nd d justment is mde for the doublecount ing of business involved in interssoci tion trnsfers, the net vlue of products hndled coopertively for frmers in the stte ws $69,897, For the fiscl yer 1995 the totl The gross volume of business hn dled by 1,8 mrketing coopertives in the stte in 1995 ws $1,122,16,, or 88 per cent of the totl The volume of frm supply nd service sso citions ws $1,69, nd $7,6,, respectively Grin coopertives rnked first 1 N II 19 D! ±J 16 2 FIGURE AOCIATION UPPER NUMBER OF Ottf!L 2 5 r:oww,,:, 6 mong the commodity groups in gross volume of business (tble 82, prt I) 67 _, 58 FIGURE BUINE IN 77 I LOWER VOLUME OF 5,, MILUON OF 9 The diry, livestock, nd frm supply ssocitions rnked second, third, nd 2 7&F DOLLAR rscssrs COOK COUNTY 1 fourth, respectively,,,,, 6 COMBINED WITH 8 18 The volume of business hndled by LAKE COUNTY TO O C L AVOID REVEALING the typicl (medin) individul co 1 7 1,q,s:5 116 opertive fell in the to $2, $, nnul volume clss The nnul vol 2 INDIVIDUAL DATA 82 ume of 126 ssocitions ws more thn 1 t z % 1F xjs,, one million dollrs ech Of these 126 ssocitions 7 were grin, 1 diry,!,,& fl nd 1 frm supply ssocitions Only II 2 IBLTjW_ volume of business of ll the frm ers coopertives in the stte ws $1,27,28, (tble 75, prt I) This 219 ssocitions hd n nnul volume I under $1, gfl I j 2 I COOPERATIVE CHARACTERITIC It ws found tht these coopertives hve conformed quite closely to the FIG 1 Number nd volume of business of Minnesot frmers coopertives for fiscl yer, 1995 specifictions for these ssocitions set up under stte nd federl lws The bsic requirement tht the coopertive operte for the mutul benefit of its members nd ptrons is crefully ob served by most ssocitions s shown is by the wide usge of ptronge re funds For the fiscl yer 1995 totl of 925, or little more thn two

6 1 thirds, of the ssocitions mde pro visions for ptronge refunds The 16 ssocitions which did not set up p tronge refunds were lrgely crem eries nd livestock ssocitions which operted in such wy tht no net mrgins remined t the end of the yer or were too smll to wrrnt dis tribution Of the totl net mrgins of these coopertives 91 per cent ws distributed or llocted to the ptrons nd the reminder ws set side prin ciplly for pyment of dividends on cpitl stock nd income txes A totl of 71 ssocitions hd mde provisions for ptronge refunds in ech of the yers in the period 1959 (tble 17) A lrge proportion of the ssoci tions met the provision tht substn tilly ll of the voting rights must be held by frmers In fourfifths of the ssocitions 9 to 1 per cent of the voting members were frmers (tble 2) Nerly ll of the ssocitions com plied with the provision tht business with nonmembers must not exceed tht done with members In only 59 cses ws the nonmember business lrger thn tht done with members Voting on the onemn onevote bsis ws nerly universl Only 1 of these coopertives hd other voting rrngements, nd seven of these were federtions which provided for voting on the bsis of the volume of business, or the number of members in the locls A totl of 87 coopertives, bout twothirds, ws exempt from the py ment of federl income txes which indictes tht they met the require ments for coopertives set forth in sec tion 11 (12) of the Internl Revenue Code (tble 11) Almost the sme number of ssocitions ws exempt from the pyment of the Minnesot income tx Only onethird of the frm supply ssocitions were operted on txexempt bsis s compred with 82 per cent of the diry ssocitions MINNEOTA BULLETIN 12 T COOPERATIVE PERONNEL Frmers coopertives in the stte employed totl of 12,159 yer round employees in 1995 Of this number,58 were mngeril nd office em ployees nd 7,81 were plnt nd sles employees (tble 28) Pek seson em ployment in these ssocitions totled workers The mngers in these ssocitions hd mngeril experience verging (medin) from five to nine yers ome 16 mngers hd mngeril experi ence of 25 yers or more (tble 2) The nnul compenstion of mn gers in 1,22 coopertives for which this informtion ws vilble ver ged $,29 (tble 25) Mngers in poultry nd egg ssocitions received the highest compenstion, verging $,69 Mngers of grin nd diry s socitions rnked second nd third with pyments verging $,888 nd $,787, respectively In 29 ssocitions the mngers were pid $8, nd more for their services FINANCING OF COOPERATIVE Frmers coopertives like other busi ness orgniztions need lrge mounts of cpitl to mrket the products of their members nd to supply members with goods nd services ssets of 1,6 of these ssocitions were $227,8, The ssets of 15 re gionl orgniztions verged nerly $8,, ech nd those of 1,21 locl ssocitions $81,288 ech (tble ) Locl coopertives with the lrgest cpitl were seven vegetble ssoci tions with verge ssets of $27,629 The 21 locl grin ssocitions hd verge ssets of $12,852, while 5 locl diry ssocitions hd $87,7 ech In ech of 57 coopertives ssets to tled more thn $, On the other hnd, there were 218 ssocitions with ssets under $1, ech $ p 2 2 7,, AET TATITIC OF FARMER COOPERATIVE 11 $227, 5, Longterm LibiIii] $6,52, tock $B,722,: AIIoNWjt 26, Net Worth $11,15, LIABILITIE ANO NET WORTH FIG 2 Finncil sttus of Minnesot frmers coopertives t the close of fiscl yer, 1995 Composition of Assets Current ssets, including csh, U bonds, receivbles, nd inventories totled $11,91,, or bout onehlf the totl resources of ll of the sso citions (figure 2) Net fixed cpitl consisting of lnd, buildings, nd equip mont ws $7,756,, or onethird of the totl Investments in other cooper tives nd subsidiries mounted to $,26, These included cpitl stock nd other equities which the locl ssocitions owned in the regionl federtions with which they were f filited, s well s the equities which the regionl orgniztions owned in coopertives nd subsidiries which, in turn, supplied them with merchndise or supplied other services These in vestments hve incresed significntly in recent decdes s coopertives hve sought to own nd control mrketing fcilities further long the mrketing chnnels extending from producers to consumers Frm supply coopertives, likewise, hve mde extensive invest ments to control more of the sources from which their supplies re obtined ources of Cpitl Of the totl cpitl of these ssoci tions $85,9,, or 78 per cent, ws Obtined from vrious creditors (fig ure 2) By fr the lrgest proportion of the cpitl, $11,15,, or 622 per cent, ws supplied by members nd ptrons doing business with these or gniztions, or from wht my be termed owner (net worth) sources Of the creditor cpitl in these co opertives $68,981, ws in the form cf current libilities due in yer or less, nd $16,952, in longterm oh ligtions Exmintion of the current libilities indicted tht $26,928,, or nerly 12 per cent of totl cpitl, ws owed on shortterm notes py ble The ptrons provided $21,722, of shortterm credit, or 86 per cent of totl cpitl, by witing for the pro ceeds from the sle of their commodi ties under vrious pooling rrnge ments Borrowed Cpitl During the 1995 fiscl yer hout per cent of the ssocitions used borrowed funds The totl mount bor rowed by 565 locl ssocitions ws $1,18,, or n verge of $18,25 (tble 55) The borrowings of 12 of the lrge regionl ssocitions totled $6,56,657, or $5,,721 ech Among the mjor locl groups the poultry nd egg ssocitions were the heviest borrowers with verge lons of $,72 Fruit nd vegetble sso citions used n verge of $29,171 of borrowed funds, frm supply s socitions $2,, diry coopertives $16,6, nd grin ssocitions $15,1 Of 1,166 seprte lons on the books of the 577 horrowing coopertives 629 were for finncing physicl fcilities, 518 were for vrious operting cpitl purposes, 11 were commodity lons, nd in 8 cses the purpose of the lon ws unknown (tble 51)

7 12 MINNEOTA BULLETIN 12 TATITIC OF FARMER COOPERATIVE 1 Individul lenders were the principl source of borrowed funds of the locl ssocitions nd supplied $2,79, in 27 ssocitions (tble 55) Rnking second s source of borrowed cpitl were commercil bnks which hd d vnced $2,6,7 to 279 ssocitions The t Pul Bnk for Coopertives supplied $2,22,7 to 12 locls in the stte The lrge regionl ssocitions relied more hevily on the t Pul nd Cen trl Bnk for Coopertives, eight sso citions hving borrowed more thn $6,, from these sources during the yer Commercil bnks were the source of more thn $1,, in five of the regionls Interest rtes pid on borrowed cpitl by these coopertives t midcentury vried ll the wy from noth ing to 8 per cent per nnum The most frequent rte pid ws per cent (tble 5) The second lrgest number of lons crried 5 per cent rte Mny fctors ccounted for the rnge of in terest rtes pid including differences in sources of credit, purpose of the lon, term of the lon, security offered, nd other fctors Net Worth or Owner Cpitl Of the cpitl supplied from owner sources $8,722,, or nerly 7 per cent of totl cpitl or totl ssets, ws in the form of cpitl stock nd stock credits (tble 2) Net worth reserves nd surplus, which were lrgely llo cted to member nd ptron ccounts, ccounted for bout 2 per cent of totl cpitl Common stock ws n importnt source of funds prticulrly mong the locl coopertives which obtined little more thn 16 per cent of ll their cpitl from this source Out of 1,1 ssocitions 1,19 hd common stock outstnding nd only 22 were orgn ized on the nonstock pln The use of preferred stock in finnc ing Minnesot coopertives hs i cresed in recent yers A totl of 1 ssocitions used preferred stock j their finncil structure The region ssocitions hd very lrge mounts of preferred stock verging nerly $,, ech The locls verged bout $5,6 of preferred stock tock credits re reltively lrge item on the sttements of mny co opertives since mny distributed their ptronge refunds in this form In some cses the credits remined since the ssocition hd not hd time to issue stock certifictes for fully pid shres nd in some cses the credits were only frctionl pyments on shre It should be noted tht reltively lrge proportion of the cpitl stock of these coopertives ws ccumulted out o net mrgins which were refunded to the ptrons in the form of stock credits Ptrons equity reserves re used ex tensively in the owner finncing of coopertives in this stte These re serves totled $8,815, nd supplied bout 17 per cent of the cpitl used by these ssocitions Ptrons equity reserves represent ptronge refunds which hve been retined in the sso cition in the form of book credits to the ccounts of individul ptrons These credits often re held for period of yers nd then pid in csh on revolving cpitl pln Revolving Cpitl Plns The revolving cpitl pln of finnc ing is being used extensively by frm ers coopertives in Minnesot ome 62 ssocitions, or bout 5 per cent of the totl in the stte, hd dopted the pln (tble 5) The 1995 yerend blnces in ll of the revolving cpitl ccounts in these ssocitions mounted to $7,712, (tble 7) This ws equl to bout 5 per cent of their totl net worth Blnces fl the revolving ccounts of the locl co opertives using this pln verged $5,9 per ssocition, while those of the lrge regionl ssocitions ver ged $,221,15 Finncil Rtios Lck of working cpitl nd inde qute finncing by the members were troublesome problems in mny sso citions Indictive of the limited work ing cpitl ws the fct tht the ver ge rtio of current ssets to current libilities in ll of the ssocitions (locl nd regionl) ws only 16 to 1 while t lest 2 to 1 rtio is con sidered desirble (tble 1) In bout 6 per cent of the ssocitions, the cur rent rtio ws found to be below the 2 to 1 level (tble 2) Diry ssoci tions hd n verge current rtio of 122 to 1 reflecting working cpitl problems in mny The rtio of net worth to totl ssets verged 62 per cent for ll of the s socitions A minimum net worth of t lest 66 to 7 per cent is desirble The lrge regionl ssocitions hd only 57 per cent of net worth while the locl ssocitions verged 68 per cent OPERATING REULT Anlysis of the operting results in 1, ssocitions in which complete operting sttements were vilble showed net sles of $1,21,18, for the fiscl yer 1995 (tble 57) Gross mrgins on sles (net sles less the costs of commodities hndled or merchndise purchsed) verged 68 per cent of net sles in ll of the sso citions combined nd 91 per cent in the locl ssocitions Gross mrgins in the 15 regionl ssocitions were only 5 per cent reflecting the wholesle nture of their ctivities Operting Expenses The rtio of operting expenses to sles verged 62 per cent of sles for ll of the ssocitions combined In 1,19 locl ssocitions operting ex penses were 85 per cent of sles, s compred with 8 per cent in the lrge regionl ssocitions This difference my be explined by the type nd mount of services rendered by the two groups Expense rtios for locl livestock nd grin coopertives verged only 2 nd 29 per cent, respectively, reflecting the limited processing required nd the reltively high sles vlues of the com modities hndled In locl poultry nd egg ssocitions nd the diry ssoci tions the expense rtios verged 16 nd 118 per cent, respectively For ll petroleum coopertives expenses were 18 per cent of net sles nd in ll frm supply ssocitions 1 per cent (tbles 5865) Operting expenses of these ssoci tions showed high degree of reltion ship with the volume of business hn dled Expense rtios were highest for ssocitions with less thn $1, of nnul business volume nd showed declining tendency s volume ws in cresed to the $1,, level nd be yond (tble 66) Incresed volume, in most cses, mde it possible to reduce overhed costs per unit of product hndled nd some other costs s well It is evident tht mny coopertives were operting with volume of busi ness too smll for mximum efficiency In this report only the lbor nd tx expenses were exmined in detil while ll other operting expenses such s deprecition, fuel, supplies, nd others were combined in one figure For ll the ssocitions lbor costs, including the slries nd wges of mngeril s well s ll other employees, ver ged 5 per cent of totl expense (tble 57, prt II) For most locl s socitions grouped on commodity

8 1 MINNEOTA BULLETIN 12 r TATITIC OF FARMER COOPERATIVE bsis, wges nd slries were pproxi mtely onehlf of ll of ll operting expenses Rel estte, personl property, nd socil security txes pid by ll of the ssocitions verged 8 per cent of totl expenses tte nd federl in come txes pid by these coopertives re shown s distribution of net mr gins in nother section of this sum mry Net Mrgins The net mrgins of these cooper tives for the fiscl yer 1995 totled $17,291, or 1 per cent of net sles (tble 57) This compres with ver ge net mrgins of 1 per cent of sles for the fiscl yer 1967 The net mrgins of 1,19 locl ssocitions v erged $7,9 ech, or 21 per cent of sles In 15 regionl ssocitions net mrgins were only 9 per cent of sles There ws wide spred in the net mrgins of these coopertives rnging from net losses of 5 per cent nd over in 21 ssocitions to net gins of 1 per cent nd more in 7 ssocitions The locl diry, grin, nd poultry nd egg ssocitions hd reltively low net mrgins of 16, 16, nd 1 per cent, respectively In contrst the petroleum coopertives hd n verge net mr gin of 75 per cent, nd ll frm supply groups combined verged 6 per cent Mny fctors ccount for these vri tions in net mrgins including differ ences in price policies, volume of busi ness, efficiency of opertions, nd other fctors DITRIBUTION OF NET MARGIN Of bsic importnce in the cooper tive pln of business is tht the pro ceeds of sles over nd bove costs, limited dividends on cpitl stock, nd income txes, be returned to the p trons on the bsis of the volume of business they hve provided Anlysis of the distribution of the $17,291, of net mrgins of these coopertives showed close conformnce with this pttern For ll of the ssocitions combined, by fr the lrgest prt of the net mrgins, 91 per cent, ws re funded to the ptrons in vrious forms (tble 7) Pyments of dividends o cpitl stock took 65 per cent of the net mrgins nd pyments of stte nd federl income txes required nother 1 per cent Income tx pyments of these ssocitions were not lrge be cuse mounts distributed s ptron ge refunds re not income to the s socition nd therefore re excludble from its income tx bse Anlysis of the ptronge refunds showed tht $,72,, or 178 per cent of net mrgins, were pid in csh or were set up to be pid in this wy shortly fter the close of the fiscl yer (tble 7) Most of the ptronge re funds were retined in the business nd llocted to the ptrons on the bsis of the volume of business done In most cses it ws expected tht these retined mounts would be re pid in future yer on revolving pln bsis The lrgest proportion of retined ptronge refunds, bout 6 per cent of net mrgins, ws in the form of stock nd stock credits An lmost eqully lrge shre, per cent 2 of the net mrgins, ws retined in the form of book credits to ptrons which were usully included in n c count listed s ptrons equity reserve The regionl ssocitions retined most of their ptronge refunds in the form of stock nd stock credits, setting up 58 per cent of their net mrgins in this wy nd only 2 per In some cses distribution of ptronge refunds to individul ptron ccounts hd nd been completed t the time of this survey, hut the refunds were in generl ccounts intended tu be distributed in this wy cent in ptron book credits In contrst the locl ssocitions refunded 1 per cent of their net mrgins in ptrons equity reserves nd only 21 per cent in stock nd stock credits COMMODITIE HANDLED AND ERVICE PERFORMED At midcentury frmers coopertives in ivlinnesot were performing multi tude of jobs for their members These orgniztions plyed significnt prt in mrketing the mny frm commodi ties of ll types produced in the stte In ddition they hndled lrge shre of the innumerble list of supplies needed in modern frming including petroleum products, fertilizers, feeds, mchinery, electricl goods, groceries, nd others They lso performed rnge of relted mrketing nd pur chsing services including frozen food locker services, uto nd mchinery repirs, feed grinding nd mixing, trucking, wrehousing, nd others The totl vlue of ll frm products mrketed by these coopertives t midcentury ws $1,7,61,, or 8 per cent of the totl business hndled by these orgniztions (tble 75, prts I nd II) This ws five nd onehlf times the vlue of ll products mr keted by coopertives in the stte in 1967 The increses were due not only to higher prices but lso lrger physicl volume of products hndled The vlue of ll frm supplies sold by these coopertives ws $195,715, nd constituted 15 per cent of their totl business This ws six nd onehlf times the vlue of frm supplies hndled in 1967 ervices performed totled $8,52,, or less thn 1 per cent of ll their business When business with outofstte frmers is subtrcted from the totls stted bove nd djustment is mde for the doublecounting of the vlue of products involved in interssoci tion trnsctions, the net vlue of ll products mrketed nd supplies hn dled for Minnesot frmers lone ws $69,897, Eightyone per cent of this totl represented the net vlue of frm products mrketed, 17 per cent the net vlue of frm supplies, nd 11 per cent the net vlue of relted services Frm Products Mrketed Frmers coopertives hve plyed leding prt in the mrketing of diry products in Minnesot for more thn 5 yers At the midcentury point the totl vlue of ll diry products mr keted by these orgniztions ws $292,95, (tble 75, prt II) Butter ws the principl product sold t vlue of $171,85, Fluid milk nd crem sles t wholesle nd retil were vlued t $5,682, The net vlue of ll diry products hndled for Minnesot frmers lone ws $211,, Mrketings of grin by these co opertives totled $52,952, nd con stituted bout onehlf the vlue of ll frm products mrketed However, interssocition trnsctions nd busi ness done with frmers in other sttes were lrge nd consequently the net vlue of grins mrketed for frmers in the stte ws only $17,62, Other importnt groups of frm commodities mrketed by these s socitions were livestock vlued t $27,6, nd poultry nd eggs vlued t $8,18, Frm upplies old Minnesot coopertives re importnt distributors of petroleum products in this re In 1995 these orgniztions sold totl of $8,167, of petroleum nd utomotive supplies (tble 75, prt III) A little over $,, of this totl represented the net vlue of these products sold to Minnesot p trons Gsoline sles of 252 ssoci

9 16 tions hndling this product totled 28,, gllons These coopertives hndled $88,1, of frm production supplies in cluding feed, seeds, fertilizers, m chinery, nd wide rnge of other items les of feed by 61 ssoci tions selling this item mounted to $5,89, Fertilizers were sold by 271 ssocitions t vlue of more thn $11,, Frm mchinery sles reched nerly $12,, in the midcentury yer Generl merchndise sles consist ing lrgely of groceries sold through 68 coopertives totled $1,58, The preceding summry points out only few of the more significnt re suits of the survey The sttisticl MINNEOTA BULLETIN 12 TATITIC OF FARMER COOPERATIVE 17 tbles which follow supply welth of detil on these nd mny Other points This publiction is principlly de scription of frmers coopertives in Minnesot t midcentury everl other publictions of more interprettive nd nlyticl nture bsed on dt obtined in this study re being plnned Among the subjects to be con sidered in these future publictions re business nlyses of diry cooper tives, frm supply, grin, nd other ssocitions in the stte Other pub lished releses will del with the finncing of these ssocitions, the use of revolving cpitl plns, vrious s pects of their mngement, nd the reltive importnce of frmers co opertives in the economy of the stte Type of frming re,d county i Dkot 9 Dodge 1 Fillmore 16 GoodhUe 19 Houston 12 Mower 9 Olmsted 9 Wbsh 1 Wshington 2 Winon Blue Erth Brown Crver Freeborn Le ueur McLeod Meeker Nicollet Rice cott ibley terns teele Wsec Vright 276 Chrcteristics of Orgniztion nd Opertion Tble I Associtions by County nd Commodity Type Commodity type Fruit Poultry Miscell Diry nd Grin Live nd neous Frm ervices vegetbles stock eggs products supplies number of ssocitions Cottonwood 19 Fribult 27 Jckson Lincoln Lyon 22 Mrtin 18 Murry 12 Nobles 12 Pipestone 11 Rock 9 Wtonwn Big tone Chippew Grnt kndiyohi Lc qui Prle Pope Redwood Renville tevens wift Trverse Yellow Medicine Miscellneous products include wool, lflf, nd seeds

10 18 MINNEOTA BULLETIN 12 I TATITIC OF FARMER COOPERATIVE 19 Type of frming re nd county 5 Anok Benton 9 Chisgo 12 Isnti 12 Knbec 9 Mule Lcs 1 Morrison 26 Pine 2 herburne 1 6 Becker 15 Dougls 25 Mhnomen Otter Til 8 Pennington 9 Red Lke 1 Roseu 19 Todd 2 Wden Cly 16 Kittoon 2 Mrsbll Normn 2 Polk 5 Wilkin Aitkin 12 Beltrmi Crlton 12 Css Clerwter 1 Cook 1 Crow Wing 7 Hobbrd 7 Itsc 12 Koochicbing 7 Lke 2 Lke of the Woods t Louis Hennepin 11 Rmsey 7 Tble 1 Associtions by County nd Commodity Type Continued 18 GRAND TOTAL 1,1 58 Commodity type Fruit Poultry Miocell Diry nd Grin Livend neouo Frm ervices vegetbles stock eggo prodocte supplies number of ssocitions s o I I Miscellneous products include wool, lflf, nd seeds I I I I 1 I 2 I I I I I Dkot lodge 9 1 Fillmore 16 Goodhue 19 Houston 12 Mower 9 Olmted 9 Whsh 1 Wsbington 2 Vinon _ 2 Bloc Ertb 21 Brown 18 Crver 9 Freeborn 27 Le neur 1 18 MeLeod 21 Meeker Nicollet 19 Rice 15 ctt 6 ibley Is terns 5 teele 2 Wsec 1 Wright Cottonwood 19 Fribult 27 Jckson 17 Lincoln 16 Lyou 22 Mrtin 18 Murry 12 Nobles 12 Pipestone 11 Reek 9 Wtonwn 2 18 Big tone 1 Chippew 1 Grnt 22 Kndivohi 2 Le qus Pne is Pope 1 Redwood 25 Reoville 28 tevens 1 wift 18 Trveroe 9 Yellow Medicine 2 28 Anok lenten 9 Chioogo 12 J?nti 12 Knbee 9 Mule Loes 1 Morrison 26 Pine 2 herburne Tble 2 Associtions by County nd Volume of Business 1 Volume of business Co ow ow w pe f CO Co Ow to Ow ow ow Ow frming re 8 g s g,rounty ers ew no m, ow o7 ci I I number of citiono I

11 ,8 21 N 2 MINNEOTA BULLETIN 12 Tble Associtions by Commodity Type nd Volume of Business Type of frming re nd county Volume of business Cs eqs e CC CO CO CO 5 o od ec ed ecs do eus C Cs e 5 Cs OC V C N N N N P I) C t C ii s 9 o o number of ssocitions o o Aitkin Beltrmi Crlton o Css Clerwter Cook CrowWing Hubbrd 7 1 Itsc Koochiching Lke 1 2 Lke of thewoods 2 1 t Louis Tble 2 Associtions by County nd Volume of Business Continued 6 Becker 15 Dougls 25 Mhnomen Otter Til 8 Pennington 9 Red Lke 1 Roseu 19 Todd 2 Wden 1 7Cly _ 1 Kittson Mrshll 12 8 Normn Polk Wilkin Hennepin 11 Rmsey o GRAND TOTAL 1, Cook County ws combined with Lke County to void reveling individul dt I Commodity type Volume of business C 5 we s % V N N N Pt I) number of ssocitions Mixed diry Butter Milk nd crem Cheese diry Fruit 5 5 Vegetbles fruit nd vegetbles Grin Livestock poultry nd eggs lfiscellfleous products TOTAL MARKETING Mixed supplies petroleum products nd uto supplies I production supplies Generl merchndise TOTAL UPPLIE Miscellneous servicest _ 1 Frozen food lockers 19 2 Trucking TOTAL ERVICE _ GRAND TOTAL 1, n this nd succeeding tbles miscellneous products include wool, lflf, nd seeds f In this nd succeeding tbles miscellneous services include wrehouse, repir, nd mixed services Tble Associtions by Commodity Type nd Age of Assocition Age of ssocition in yers Commodity type Lessthn Unknown Mixed diry 19 Butter Milk nd crem 69 Cheese 16 number of ssocitions diry Fruit 5 1 Vegetbles 7 fruit nd vegetbles 12 Grin 22 Livestock 187 Poultry nd eggs 6 Miscellneous products TOTAL MARKETING 1,8 Mixed supplies Petroleum products nd 6 uto supplies Production supplies 16 Generl merchndise 86 TOTAL UPPLIE Miscellneous services Frozen food lockers 21 Trucking TOTAL 5ERVICE GRAND TOTAL 1, Ages of ssocitions were computed from dte of first orgniztion s coopertive to 195

12 Pr r Commodity type Mixed diry 19 Butter Milk nd crem 69 Cheese 16 diry 58 Fruit 5 Vegetbles 7 fruit nd vegetbles 12 Grin 22 Livestock 187 Poultry nd eggs 6 Miscellneous products TOTAL OIARKETINO 1,8 Mixed supplies Petroleum products nd nto 6 supplies 16 Production supplies Generl merchndise 86 TOTAL UPPLIE Miscellneous services Frozen food lockers 21 Trucking 8 TOTAL ERVICE GRAND TOTAL 1,1 Tble 5 Associtions by Commodity Type nd Assets ssets do ào Au do do Az éu _C,,o Cu oo oo O CO CC CO O oo, O, ool I),, o no ro, ore Ow nu oo, W W t t t I number of ssocitions i g o 2 1 t Tble 6 Associtions by Commodity Type nd Type of Affilition Type of thhition Commodity type Locl, Federtion, Locl, member of Fedemtion, member of Unknowo independent federtion independent federtion number of ssocitions Mixeddiry Butter Milk nd crem Cheese 12 1 diry Fruit 5 5 Vegetbles 7 7 fruit nd vegetbles Grin Livestock Poultry nd eggt Miscellneous products TOTAL 5IARKETING 1, Mixed supplies 6 1 Petroleum products nd uto supplies Generl merchndise Production supplies 21 2 TOTAL supplixt Miscellneous services 1 Frozen food lockers Trucking 8 5 TOTAL sesvtceo 27 6 GRAND TOTAL 1, Associtions hving nturl persons s members were clssified s locl, those hving other Ct opertives s members were clssified s federtion, ssocitions doing less thn 25 per cent of their business wich federtion were clssified s independent, those doing 25 per cent or more of their business with federtion were clssified t member of federtion,, I o,unsodity type Mixed diry Butter Milk nd crem Cheese Fruit vegetbles diry fruit nd vegetbles Grin i,irestock poultry nd eggs Miscellneous products TOTAL 5ARKETINO Mixed supplies petroleum products nd uto supplies production supplies Geoerl merchndise TOTAL UPPLIE Miscellneous services Frozen food lockers Trucking TOTAL ERVICE GRAND TOTAL Mixed diry 19 Btter Milk nd crem 69 Cheese 16 diry 58 Fruit s Vegetbles 7 fruit nd vege tbles 12 Grin 22 Livestock 187 Poultry nd eggs 6 Miscellneous products TOTAL MARKETtNO 1,8 Mixed supplies 6 Petroleum products nd uto supplies 16 Production supplies Geoerl merchndise 86 TOTAL UPPLIE Miscellneous services Frozen food lockers 21 Trucking 8 TOTAL ERVIcEs GRAND TOTAL 1,1 Tble 7 Associtions by Commodity Type nd Legl ttus Legl sttus Generl Erly Chpter Chpter Not corpor cooper 82, 26 incorpu tion live lws of lws of rted lws lws , ,1 number of ssocitions , Legl sttus pertins to the lw under which the ssocition ws lst incorported Chpter 26, lws of 192 Tble 8 Associtions by Commodity Type nd Pr Vlue of Common tock Unknown 1 it I I vlue of common stock No Csoituodity type common $1 $5 $1 $125 $25 $5 $1 stock number of ssocitions The more unusul pr vlues usully were included in the nerest mount shown, The $5 group tcludes $25; $125 includes $15, $16, nd $2; $25 includes $ 85 inrl,i,izc 5

13 r retirement Commodity type Mixed diry 19 Butler Milk nd crem 69 Cheese 16 diry 58 Fruit Vegetbles Tble 9 Associtions by Commodity Type nd Pr Vlue of Preferred tock Commodity type Pr vlue of preferred stock Ns prefe $1 $5 $1 $125 $25 $5 $1 555 number of ssocitions Mixeddiry Butter Milkndcrem Cheese diry Fruit 5 Vegetbles fruit nd vege tbles 12 fruit nd vegetbles Grin 22 Livestock 187 Poultry nd eggs 6 Miscellneous products TOTAL MARKETING 1,8 Mixed supplies 6 Petroleum products nd uto supplies 16 Production supplies Generl merchndise 86 TOTAL UPPLIE Miscellneous services,, Frozen food lockers 21 Trucking 8 TOTAL ERVICE GRAND TOTAL 1,1 2 1 Grin Livestock Poultryndeggs Miscellneous products TGTAL MARKETING 1, Mixed supplies 6 1 Petroleum products nd uto supplies Production supplies Generl merchndise TOTAL UPPLIE Miscellneous services Frozen food lockers Trucking TOTAL ERVICE GRAND TOTAL 1, , ed The more unusul pr vlues usully were included in the nerest mount shown The $5 group includes $25; $12:5 includes $15, $16, nd $2; $25 includes $; $5 includes $; $1 includes $75; nd no preferred stock includes one unknown Tble 1 Associtions by Commodity Type nd Type of Finncil Requirement for Membership 7 12 Cpitl stock Type of finncil requirement Membership fee Annul dues number of ssocitions 22 2 Noee , None includes two ssocitions whose finncil requirements were unknown Cooiiiiodity type Mixed diry 19 tter Milk nd crem 69 Cheese fi diry 58 Fruit 5 Vegetbles 7 fruit nd vegetbles 12 Geio 22 I ivestock Poultry nd eggs Miscellneous products TOTAL MARKETING 1,8 Mixed supplies 6 izetroleunt products nd uto sopplies 16 Production supplies, Geerl merchndise 86 TOTAL UPPLIEs Miscellneous services Frozen food lockers 21 oeking 8 TOTAL ERVICE GRAND TOTAL 1,1 hlixed diry 19 Butter Milk nd crem 69 Cheese 16 diry 58 Fruit Vegetbles 7 fruit nd vegetbles 12 Grin 22 Livestock 187 Poultry nd eggs 6 Miscellneous products TOTAL MARKETING 1,8 Mixed supplies 6 Petroleum products nd uto supplies 16 Production supplies Generl merchndise 86 TOTAL UPPLIE Miscellneous services Frozen food lockers 21 Trucking 8 TOTAL Tble H ARRocitionR by Commodity Type nd Income Tx Exemption ttur ERVICE GRAND TOTAL 1,1 Federl income tx Minnesot income txt Exenopt Nonexeiupt Unknown Exempt Nonexempt Unknown number of ssocitions I I 8 I ii Exemption ws determined by letter of exemption from the Bureu of Internl Revenue t Exemption ws determined by lettrr of exemption from the Minnesot Income Tx Division Tble 12 AsRocitions by Commodity Type nd Type of Action Tken Wben Member CeReR Frming or Ptronizing the Assocition Type of ction tken when member ceses frming or ptronizing the ssoeition Prompt Prompt Prompt conversion termintion NG Commodity type of stock or of stock or of voting ction Unknosvn membership membershipj rights tken number of ssocitions II Any ction tken within resonble period of time ws considered to be prompt,, usully period of six nsonths to two yers, depending on the type of commodities hndled by the ssocition

14 86 _ 26 MINNEOTA BULLETIN 12 1 TATITIC OF FARMER COOPERATIVE 27 Tble 1 Associtions by Commodity Type nd Mximum Dividend Rte Permitted Common tock Mximum dividend rte permitted on common stock (per cent) Commodity type None No permitted limit Unknown number of ssocitions Mixed diry Butter Milknderem Cheese diry Fruit 5 r Vegetbles fruit nd vegetbles ii ccl 1 Grin Livestock Poultryndeggs Miscellneous products 2 1 TOTAL MARKETING 1, Mixedsupplies o Petroleum products nd uto supplies Production supplies Generl merchndise TOTAL UPPLIE Miscellneous services 1 Frozenfoodlockers Trucking TOTALtERVICE GRAND TOTAL 1, Mximum dividend rtes tbulted were those specified in rticles of incorportion nd bylws The per cent group includes six ssocitions with 2 per cent limits, nd the 8 per cent group inelodes four ssocitions with 7 per cent limits Tble 1 Associtions by Commodity Type nd Mximum Dividend Rte Permitted on Preferred tock commodity type None permitted Mximum dividend rte permitted on preferred stock (per cent) No preferred Un stock known number of ssocitions sjixcd diry jkitter 1 8 slilkndcrem cheese ot1diry Frit 5 5 vegetbles 7 fruit nd vegetbles 12 9 Grin Livestock psltryndeggo Miscellneous products TOTAL MARKETING 1, Mixed supplies petroleum products nd nts supplies prdnetin supplies Geterl merchndise TOTAL UPPLIE Miscellneous services FrozeflfoGdlockers Trcking 8 1 TOTAL 5EEVICE GRAND TOTAL 1, ,28 Mximum dividend rtes tbulted were those specified in rticles of incorportion nd bylws The per cent group includes five ssocitions with 2 per cent limits

15 , 16 Tble 11 Associtions by Commodity Type nd Ptronge Refund Distributions Mde During Tble 15 Associtions by Commodity Type nd Dividend Rte Pid on Common tock in 1995 the Lst Five Yers (1959) Mixed diry 19 Butter 8 ili1k nd crem 69 6 Cheese 16 diry 58 9 Fruit 5 Number of ptronge refund distributions mde during Non Un stock Commodity type None known pid Dividend rtes pid on common stock (per cent) type the lst five yers Con,mOditY None Unknown number of ssocitions Mixed diry 19 5 number of ssocitions Butter Milk nd crem Vegetbles 7 fruit nd vegetbles 12 Grin 22 8 Livestock poultry nd eggs 6 5 Miscellneous products TOTAL MARKETING 1,8 26 Mixed supplies 6 petroleum products nd uto supplies 16 liroduction supplies Generl merchndise 86 TOTAL UPPLIE Cheese U Ii Miscellneous services Frozen food lockers diry Fruit Vegetbles fruit nd vegetbles Grin Livestock () Poultry nd eggs Miscellneou products TOTAL MARKETING 1, Mixed supplies Petroleum products nd uto supplies Production supplies Generl merchndise TOTAL UPPLIE Miscellneous services Frozen food lockers Trucking Trucking TOTAL ERVICE TOTAL ERVICE GRAND TOTAL GRAND TOTAL 1,1 275 dfourstins pying 7 per cent were included in the 8 per cent group Tble 16 Assocition by Commodity Type nd Dividend Rte Pid on Preferred tock in 1995 end rtes p id on Pr erred 5tock ( ce pre Un ferred Commodity type None i9p1:numboots9 lititter xeddir Milk nd crem Cheese I Dkot 9 Dodge 1 Fillmore 16 (ioodhue 19 Houston 12 1, ,7 116, diry Mower 9 Olmsted 9,1,7,718 6,56 5,5 8,19 Fruit 5 Vegetbles ,667,59 5,781,97 2,88,8 fruit nd vegetbles ,59 2,2 2,189 9, ,16 11,5 Wbsh Grin,211 2,58,166 Wshington Livestock 1, 89 1,8 2,71 2,165 2,926 Vinon 17 Poultry nd eggs Miscellneous products 79, ,18 159,815 TOTAL MARKETING 1, ,672,8,917 5,896 5,7 8,888,65 2,866,858 1,5 8,12 15,6 1 on ptronge bsis Ptronge refund distributions include ll types of lloctions of net mrgins nd net losses mde Membership nd Ptronge Tble 18 Number of Members nd Ptrons by County numbers ssocitions members members ptrons ptrons Type of frming re nd county Number of Individul Assocition Member Illue Erth 21 Brown 18 Mixed supplies 6 Crver Freeborn 9 27 Petroleum products nd uto 5 2,722 2,56,628 Le ueur McLeod 18 6,29 5,511 7, ( k 1, ,6,8,75 15,,5 TOTAL UPPLIE,671,1 5,816 cott Rice 15 _ 2 MiscellneotlseVICe5 1,96 8 1,628 2, ,885 2,692,569 6,619,85 7,82 tei?ns 5 cngfd oc ers ih1e 15 21,871 2,22 6,2 1,77 1,556 1,88 ( Wsec :::: :::: TOTAL ERVICE Wright,86,85 5, GRAND TOTAL 1, ,9 8 Four ssocitions pying I per cent were included in the por gro

16 ,5 E ), Type of frming re nd county Cottonwood Fribult Jckson Lincoln Lyon Mrtin Murry Nobles Pipestone Rock Wtonwn Big tone Chippew Grnt Kndiyohi Lc qui Pope Redwood Renville tevens wift Prle Trverse Yellow Medicine 5 Anok Benton Chisgo Isntt Knbec Mille Lcs Morrison Pine herburne 7 Cly Kittson Mrshll Normn Polk Wilkin 8 Aitkin Beltrm, Cnton Css Clerwter Cook Crow Wing Hubbrd Itsc Koochiching Lke Lke of the Woods t Louis 9 Hennepin Rmsey Tble 18 Number of Members nd Ptrons by County Continued Number of ssocitions Becker 15 Dougls 25 Mhnomen,,, Otter Til 8 Pennington 9 Red Lke 1 Roseu 19 Todd 2 Wden 1 GRAND TOTAL 1,1 F Individul members 6,1 6,681 6,92 8,61 11,278 5, 5,7 6,52,2,995, ,881 7, ,6,719,582 7,216 7,81 6,56 numbers Assocition Member Tot members ptro,,, 2,1 17 6,57 5, ,57,2,167 6, , ,627 5j 5, ,82 11,27 6,15 1,1 7,9 1,6 1,199 15,285,29 5,8 6,95 5,86 9,661,865 5,877,6 6,77,8 5, ,87 6, ,27 2,75, ,129 5,61 9, ,26 5,1 8,19 2 6,729 6,252 8,57t 15 7,12 6,82 9,7 1 2,629, ,268 7,615 12, , 8,69 12, ,69 5,192 6, ,79 1 6,28 9, ,959 5, ,7 11, ,9 5 69,87 11, ,215 1,782 1, ,125,188 6, ,77 2 5,7 7,75 9 5,178,2 6,95 1 7, ,751 8, ,752,677 5, ,72,792 5, ,2 8,9 9,16 1,55 2,91,17,89 9, , , ,6 75, ,1 6,56 8, 2 5,25,67 5,655 1,255 8,1 11,9 2,577,25 5,7, 5 1,66 1,612 15, ,671 1,528 2, ,7 6,69 9, ,29,581 5,71,86 2,985,5 12 1, ,9 1, ,59,8 6,22 7 2, 1,562,1 7 2, 1,859 2, ,728,128 6,22 7 1,21 9 1, ,119 1,9 2, ,7 2 1,15 2, ,55 59,666 69, , ,71 59,57 7 1, ,22 72, ,95 8 2,2 91, ,91 6,558 Cook County ws combined with Lke County to void reveling individul dt 77, I 9 ) L I ls,, l Ii U F F, LI ))) 9795 t nfl ), ) U) C ), t\o tc C,, : H H H l :g o 75,U It,> C CC) 9 )C n C ) t ) )) ) ) tr ) U) t% ) ) C ) C ) ) C ) C ) t, C,) )),t top, C, ) ) PtO tc I P flouu) u, C ))) 5 fl)cflc C ) t P ),t, ) C ) C, ) ODC )C ) t C OUt ) ) ) C ) C ) C, C ) C C ) P CI C ) CC ) C, C )))) Or C ) C ) CC ) to CC, U) C C )C ), r, OCt ) ) Pp 7 ) totonc ) U) (1) C, C top C to flc ICI CC ) N) ) ) OU) CC, U) 5) OC ) CO$ 7 1C l i ) t C C C fl tc) 5t, C, ) C ) ) U) C )\O t C,n P Or) C ) to C)toCtO ) ) P ) )) ) C) U) COC ) )fl toc ) ) C ) C ) t)flt) t t),fl ) ) C ) tc) U) C ) ) C ) ))) U) )D t t t ) C ) noon) ) C, ) )) C ) U, tc ) C ) C P ) ) C) 5 ) 1 C ) C ) C ) t C O C C)) N) r N) too) to ) C s C, P C ) C ) ) C ) )1, ) ) C ))) ) ) C ) C ) ) U)C )UD P it, ) ))) C U) CC ) C ) U) C fln to U) ) C IC ) U) P C ) P ) CO C C) ) CCC ) o Nt), C ) C ) P C C ) C ) C ) C ) ) ) N) C C) ) ) P C) C 1OC ) P C, N) U) C )C C ) )t 1 n it) 7 C ) C C O to C IC )C ) ) C ) U) )) ) P t 5 P N) tot ) P to C ) N) P, C, C ) :;, 5:: :)5, : H C Z :t,c_,,!i fli 9 5 o, _ o e U), C) C) o F O, F UU, F gs I t 5E (:P C,) l,h <5 I (

17 , Percentge 6 7 Tble 2 Associtions by Commodity Type nd Percentge of Members Who Are Fnners Commodity type Percentge of members who re frmers number of ssocitions Mixeddiry 19 Butter Milk nd crem Cheese 16 1 diry Fruit 5 Vegetbles 7 fruit nd vegetbles 12 Grin Livestock Poultry nd eggs Miscellneous products TOTAL MARKETING 1,8 Lessthn u Mixed supplies 6 2 Petroleum products nd uto supplies Production supplies Generl merchndise TOTAL supplier Miscellneous services 1 Frozen food lockers Trucking 8 TOTAL RERVICE GRAND TOTAL 1, It t 87 it i ,81 2 I Tble 5innithty type _ olixed diry Butter Milk nd crem Cheese Fruit Vegetbles diry 1 fruit nd vegetbles 12 Grin Livestock poultry nd eggs Miscellneous products TOTAL MARKETINO Mixed supplies petroleum products nd uto supplies Production supplies Generl merchndise TOTAL 22 Associtions by Commodity Type nd Percentge of upply nd ervice Business with Nonmember Nonfrmers UPPLIER Miscellneous services Frozen food lockers Trcking TOTAL ERvICEs Tétl ,8 GRAND TOTAL 1,1 Percentge of supply nd service business with nonmember nonfrmers 15 or less More thn 15 Unknown Not pplicble number of ssocitions , Tble 21 Associtions by Commodity Type nd Percentge of Mrketing Business with Members of mrketing business with members Commodity type 5 or Un Not op less known plichie, number of ssocitions i; Mixed diry Butter Milk nd crem Cheese diry 58 Fruit Vegetbles 7 5 fruit nd vegetbles 12 Grin 22 Livestock 187 Poultry nd eggs 6 Miscellneous products TOTAL MARKETING 1,8 Mixed supplies Petroleum products nd uto supplies Production supplies Generl merchndise TOTAL UPPLIE Miscellneous services Frozen food lockers 21 Trucking 8 TOTAL servicer GRAND TOTAL 1, i i o Tble 2 Associtions by Commodity Type nd Percentge of Business with Members Commodity type Mixed diry 19 Butter Milk nd crem 69 Cheese 16 diry 58 Fruit 5 Vegetbles 7 fruit nd vegetbles 12 Grin 22 Livestock 187 Poultry nd eggs 6 Miscellneous Isroducts TOTAL MARKETINO 1,8 Mixed supplies 6 Petroleum products nd uto supplies 16 Production supplies Generl merchndise 86 TOTAL UPPLiER Miscellneous services F rsceo food lockers 21 Trucking 8 TOTAL ERVicEs JND TOTAL 1,1 Percentge of totl business with members Oorless Unknown number of ssocitions it

18 Averge mount of of compenstion per of Number mount compenstion ssocition reporting to o o C 1 : r,ti o P to C t to 1 C to o Ol o Ct CC too D CO Olin o ccpc tom to : 5 i It iq tn ' N It I I C, P C to N OP I it Hit; Ofl ri E s :jd, 1 ig go i tt U to to to cc P cc to toc C to CC Ol o 1 in to cc to cc to cn o to toco otototo IL occto cc _,o_ to P too C cc P to to in to to to to cc C\tCN U, I to to to toto It It It to top t to cct to to I P P I tom o o I it to to to 1 P %t 1 to to C CtCt ) Commodity type ssocitions Mixed diry 19 5,86 25,79 76,95 2, ,57,5 Milk nd , ,95 Cheese 265,15 2, ,92,79 crem 15 8,72 19,98 58,628 2,581 1,27,98 Vegetbles 7 25,95 1,987 27,97,77 28,991 Miscellneous products 7, , 2,17 6 2,81 TOTAL MARKETING 995 2, ,955 86,12,21,756 2,65 5 8,258 Mixed supplies 5 1,98 5 1,7 2, ,87 Generl merchndise , 1,585 9,99 272,68, ,17 TOTAL UPPLIE , 5,78 267,7 1,1,12 2, ,51 Miscellneous services 8, ,2 2,2 6 2,8 TOTAL ERVICE 61,25 8,852 7,87 1, ,12 especilly of livestock nd service ssocitions, re pid little or nothing by the ssocition, their fees being pid directly by the frmers in most cses These Ogures should not be confused with the verge mounts received by mngers Mny mngers, nd supplies ,16,6 25,9 6,76 Petroleum supplies 2,5 21 1,515 products uto 1 112, ,291 12,7 2, ,26 Production Frozen food lockers 21 9,19 5,15, 1, ,112 GRAND TOTAL 1,22,182,256 58,66 1,112,8,52,967 2,7 5 81,29 Trucking 8 1,965,7 17,12 1,76 1 2,177 Poultry nd eggs 6 9,82,76 6,2 165,925 2, ,82, ,12 1,88 5, ,1, ,888 Grin 185 8,98 1,77 88,55 19, Livestock fruit nd vegetbles 12 28,2, 1,6 2,5 28 2,67 Fruit 5 2,29 1,1, diry 528 1,7,1 5,1 62,1 1,999,5 2, ,182,787 Butter 29 1,11,1,2 81,91 1,598,81 2, ,122,727 dollrs reporting lries Bonuses Commissions lries Bonuses Commissions Tble 25 Types nd Amounts of Compenstion to Mngers by Commodity Type totoo to to ii

19 9 g o ccc oo co o o cc s c Unknown nd over $5, s,, I Z Nomber Fixed e Lm5tllfl g; : TOTAL MA5KETINO 1, TOTAL UPLIE Vrible percentge of net mrgin includes nunsber of different plns, some of which hve percentges incresing by steps s mrgins increse, some on gross sles or volume of specified commodity hndled gi ie hfl, tft ii 1 B ii t 5 C ii i 9 C 9 :_in!i_ is 9 g P s,, o tos,, o o, ci w oc I 5 O t i iv o %i )s r &22,B C o 9 5 ci, $, 9, n o U i s coo coo,999 9,o,,sO O tj 55 ooo, nooooooomoo o 7,999 o o O Oti O 5,999 o iv, o coo o,,, oso o,999 9, n t, s, O iou,, 9 e s,,_ C5 $6,, B i o s 9i Om to 6,999 $7, s B lcsoo is) s Os t c c O O,O i $8, $9, sc m s i i ox s n o,o Os O i 2,999 O c, tc s $2, P E $1,, o o = e, ii :,, Z o C noc,,, :, : i 5 fr l fl Ou t8_ i :,,; nnen on 9,s o u u uro < x n n s cvt cv v cro nv m,jir t Other is composed chiefly of commissions bsed no specified commodities rther thn the totl business of the ssocition Most of them re bsed pply fixed percentge up to certiu mount, some pply percentge on net mrgins in excess of specified mount, nd sonic dd certin expenses, not sohiect to the mnger s control fsuch s deprecition nd txes), to the net mcgin before clculting the rnmmissions GRAND TOTAL 1, ToTALsevIces Trucking Frozen food lockers Miscellneous services 1 Generl merchndise Petruleuni products nd uto supplies Production supplies 5 Mixed supplies Miscellneous products Poultry nd eggs Livestock Grin fruit nd vegetbles Vegetbles Fruit diry Cheese Milkndcrem Butter Mixeddiry number of ssocitions 5 sions sions hndled receipts mrgin mrgin volume sles or of net of net Othert commis commis Comioodity type Physicl Gross pereeotge perceotge pyiog Uoknowo pyiog Vrible not Bsis of commissions Tble 26 Associtions by Commodity Type nd Bsis of Mnoger s Commissions

20 Tble 29 Associtions by Commodity Type nd Number of Employees number of employees, fulltime (mnyer) equivlent Commodity type Less thn Un nd over known number Mixed of diry ssocitions 19 Butter Milk nd crem Cheese diry Fruit Vegetbles fruit nd vegetbles Grin Livestock Poultry nd 7 eggs Miscellneous 2 products TOTAL MARKETING 1, Mixed supplies 6 Petroleum 1 1 products nd uto supplies Production 11 supplies Generl merchndise TOTAL UPPLIE Miscellneous services Frozen 2 food lockers Trucking TOTAL ERvICEs GRAND TOTAL 1, I Tble Associtions by Volume of Business nd Number of Employees number of employees, fulltime (mnyer) equivlent Volume of business Less Unthn nd over known number of ssocitions Less thn $1, $ 2,, nd over , 2, $199, , , 99, , 99, , 699, , 999, ,,1,999, , Tble 1 Associtions by Assets nd Number of Employees number of employees, fulltime (mnyer) equivlent ssets Less Unthn nd over known number of ssocitions Less thn $1, $ 1,$29, , 9, , 69, , 99, , 19, , 199, ,299, , nd over ,

21 Commodity type Number of sso citions Csh reporting Tble 2 Consolidted Blnce heet by Commodity Type Prt I Current Assets Receivbles U Accounts Accounts Less: bonds Notes receiv receiv reserve Net Inven receiv ble ble for bd reedy tories ble generl ptrons debts bles Other current curreilt ssets ssets thousnd dollrs Locl ssocitions nd minor fcdcrtions Mixed diry Butter, ,9 8 5,272 Milk nd crem 66 1, , ,18 Cheese , ,95 58 diry , ,227 2, ,751 Fruit 7 Vegetbles 7 9 fruit nd vegetbles Grin Livestock Poultry nd eggs 6 7 Miscellneous products 2 15 TOTAL MARKETING Mixed supplies 6 61 Petroleum products nd uto supplies 162 1,81 Production supplies Generl merchndise ,81 2, ,277, , , 1, o , ,987, , , ,19 C) CD ,57 C)) (1) 1 29 CD 66 7, ,72 Cl) 8 2,599 TOTAL UPPLIE 29 2, , ,61 6, , _ Trucking TOTAL locl Regionl ssocitions GRAND TOTAL ERVICE 76 1,21 9, , ,78 6, ,99 21,9 6,12 1,72 7,865 18,77 1,1 27,58 2,58 6,87 2,86 16,69 25, 1,7 2,8 5, , , ,91 Tble 2 Consolidted Blnce heet by Commodity Type Continued Prt II Investment Fixed, nd Other Assets investments Fixed ssets Other ssets Number Deprecible ssets of Commodity type ssoci Invest tions ments Lnd Reserve Net Miscel ssets reporting in other Other Buildings for depreci fixed Prepid lneous other cooper invest invest nd depreci ble ssets expenses ssets ssets tives ments ments equipment tion ssets thousnd dollrs Locl ssocitions nd minor Itlixed diry nd crem federtions , ,168 1, ,1 7, , ,5 1,276 15,25 15,765 1,5 9 1,9,81 Butter Milk 66 1,28 1 1, ,19 2,26,16, ,18 Cheese , ,76 1, ,69 diry 5 9,5 61 9,11 652,86 1,2 21,62 21,71 1,5 22 1,782 6,658 Fruit Vegetbles ,5 fruit nd vegetbles ,75 Grin 21 1,9 21 1, 76 12,87,915 8,959 9, ,81 Livestock Ii 271 Poultry nd eggs , ,651 1, Miscellneous products TOTAL MARKETING 99 11, , ,798 18,5 2,29,81 1,87 9 2,156 8,855 Mixed supplies Petroleum products nd uto supplies 162,822 28,85 2 6,65 2,,5, ,167 Production supplies , ,961 Generl merchndise 86 1,12 1 1,1 98 2,828 1, 1,528 1, ,1 TOTAL UPPLIE 29 5, ,55,151 6,2 6, ,95 Miscellneous services Frozen food lockers Trucking TOTAL ERVIcE , ,582 locl 1,21 16, ,719 1,6 62,95 2,12 9,8,8 2, ,81 17,82 Regionl ssocitions 15 1,85 1,85 16,77 1,158 2,79 11,8 1,755 2,91 1,86 2,8,29 119,71 GRAND TOTAL 1,6 1, 1,996,26 2, ,5 71,28 7,756,68,22 6,81 227,8

22 Tble 2 Consolidted Blnce heet by Commodity Type Continued Prt IT! Libilities Current libilities Longterm libilities Number Commodity type of ssoci Note, Other tions Accounts Accounts Notes Ptronge Other bonds, long long libili report pyble pyble pyble refunds current current mtgs, etc term term ties ing generl ptrons pyble libilities libilities pyble libilities libilities thousnd dollrs Locl ssocitions nd minor federtions Mixed diry Butter 71 5,27 1, ,26 1,256 1,256 9,52t1 Milk nd crem , , ,168 Cheese diry 5 1,29 7,75 1, ,5 11,2 2, ,279 1,522 Fruit Vegetbles fruit nd vegetbles Grin 2,79,958 1,829 1, , ,22 Livestock Poultry nd eggs ,28 Miscellneous products 2 7 TOTAL seaiucxtiwo 99,88 12,77,97 1,77 1,876 2,161 2, ,66 27,227 Mixed supplies Petroleum products nd uto supplies ,9 726, ,285 Production supplies Generl merchndise , ,55 TOTAL UPPLiE 29 1, ,728 1,191 1,1 5,177 1, ,27 6,51 Miscellneous services Frozen food lockers Trucking TOTAL 5ERiE locl 1,21 5,12 12,71 5,81 2,98 2,969 29,7,21 187,58,21 Regionl ssocitions 15 6,818 9,21 21, ,21 9,28 11,99 1,5 12, 51,692 GRAND TOTAL 1,6 12,1 21,722 26,928,18 5,18 68,981 15,72 1,22 16,952 85,9 Tble 2 Consolidted Blnce heet by Commodity Type Continued Prt IV Net Worth Number Cpitl stock Reserves nd other of sseci libili Commodity type tions Pre Certifi Ptrons Generl Undistrib Other net ties nd report Common ferred tock ctes equity reserves uted net uet reserves worth net ing stock stock credits stock reserves nd surplus mrgins worth nd other worth thousnd dollrs Locl ssocitions nd sninor federtions Mixed diry z 1,1 1,5 2,1 Butter 2,916 2, , ,28, ,62 2,11,81 Milk nd crem 1,22 2 1, , ,152 5,98 8,18 Cheese , 2,69 diry 5,582, ,5 1,1 17,677 5, ,71,16 6,658 Fruit Vegetbles ( 56) 9 1,95 1,5 fruit nd vegetbles ( 56) 21 1,11 1, Grin 21, ,1 6, ,1, ,6 16,819 28,81 Livestock Poultry nd eggs , 2 1 1,2 2,29,87 Miscellneous products TOTAL 5!ARKeT5NO 99 8,8 5,55,7 17,8 1,58 25,6 9, ,62 5,628 8,855 Mixed supplies Petroleum products nd uto supplies 162 5,881 1,8 1,6 8, ,968 1, ,1 11,882 16,167 Production supplies ,11 59 ( ) ,197 2,961 Generl merchndise 86 2, ,87 t ( 52) 9 968,55 5,1 TOTAL UP LiE 29 9,2 1,17 2,51 1,1 55 2,61 2,72 ( ) 6 5,9 18,9 18,9 Miscellneous services ( 1) Frozen food lockers ( 1) Trucking ( 1) TOTAL ERViCE ( 2) ,19 1,582 locl 1,21 17,668 7,95 5,88,9 1,15 28,19 12, ,198 7,11 17,82 Rcgiool ssocitions ,5 2,691 52,779,962 1, ,2 68,9 119,71 GRAND TOTAL 1,6 2,222 5,929 8,571 8,722 5,77 8,815 12, ,28 11,15 227,8

23 r MINNEOTA BULLETIN 12 TATITIC OF FARMER COOPERATIVE 5 Tble Averge Blnce heet for 121 Current ssets Csh U government securities Receivbles: Notes receivble Accounts receivble generl Accounts receivble ptrons Less: Reserve for bd debts Net receivbles Inventories Other current ssets TOTAL CURRENT AET Investments Investments in other coop ertives Other investments TOTAL INVETMENT Fixed ssets Lnd Deprecible ssets: Buildings nd equipment Less: Reserve for depre cition Net deprecible ssets TOTAL FIXED AET Other ssets Prepid expenses Miscellneous ssets TOTAL OTOiE AET TOTAL AET Assets dollrs per cent 7, ,65 82, ,8 1 15, , , , ,29 1 7, , ,889 68, , , ,285 1 Locl AsRocitions nd Minor Federolion Current libilities Accounts pyble generl Accounts pyble ptrons Notes pyble Ptronge refnnds pyble Otter (including ccruls) current libilities Longterm libilities Notes, bonds, mortgges py ble Otter longterm libilities longterm libilities TOTAL LIAILITE Net worth Cpitl stock: Common stock Preferred stock tock credits Libilities nd net worth tock Reserves nd otter: Certifictes Ptrons equity reserves Generl reserves nd sur plus Undiotribnted net mrgins Other net worth reserves nd otter TOTAL NET WORTH TOTAL LIABILITIE AND NET WORTH dollrs per ce,21 5 9, , : ,58 277, , , , ,598 69,51 2, , , 262 9, ,9 9 55, ,288 1 Tble Averoge Bolnce heet for 99 Locl Mrketing ARsocition Assets Cerrent ssets Csh r 5 government securities Receivbles: Notes receivble AccO reeeivhle generl Accounts receivble ptron Less: Reserve for hd debts Net receivbles Joventrico Other current ssets TOTAL CURRENT AET Investments lovestniento in other coop ertives Other investments TOTAL INVETMENTR Fixed ssets Lod Deprecible ssets: Buildings nd equipment Leoo: Reserve for depre cition Net deprecible ssets TOTAL FIXEO AET Other soets Prepid expenses Miscellneous ssets TOTAL OTHER AET TOTAL AET dollrs per cent 7, ,27 12, , , , , , , , ,89 99, , , , 1 Current libilities Accounts pyble generl Accounts pyble ptrons Notes pyble Ptronge refunds pyble Otter (including ccruls) current libilities Longterm libilities Notes, bonds, mortgges py ble Otter longterm libilities longterm libilities TOTAL LOAEILTIE Net worth Cpitl stock: Common stock Preferred stock tock credits stock Libilities nd net worth Reserves nd other: Certifictes Ptrons equity reserves Generl reserves nd sur plus Undistributed net mrgins Otter net worth reoerves nd other TOTAL NET WORTH TOTAL LIABILITIE AND NET WORTH dollrs per cent, ,552 15,7 9 1, , , , ,8 8 27,91 7 8, ,588 68,9 2 17, , , , ,81 5 5, , 1 1

24 6 MINNEOTA BULLETIN 12 T TATITIC OF FARMER COOPERATIVE 7 Assets Current ssets Csh U government securities Receivbles: Notes receivble Accounts receivble generl Accounts receivble ptroiss Less: Reserve for bd debts Net rcceivbles Inventories Other current ssets TOTAL CURRENT A5ET5 Investments Investmeists ertives in other coop Other investments TOTAL INET5i ENT Fixed ssets Lnd Deprecible ssets: Buildings nd equipment Less: Reserve for depre cition Net deprecible ssets TOTAL FIXED A5IET5 Other ssets Prepid expenses Miscellneous ssets TOTAL OTHER AET TOTAL AET Tble 5 Averge Blnce heet for 5 Locl Diry Associtions dollrs per cent 8, ,6 11 2, ,661 1, , , , , ,9 77 2, ,2 51, ,88 5 5,7 8 87,7 1 Libilities nd net ssorth Current libilities Accounts pyble generl Accounts pyble ptrons Notes pyble Ptronge refunds pyble Other (including ccruls) current libilities Lungterm libilities Notes, bonds, mortgges py ble Other longterm libilities longterm libilities TOTAL LIAILITiE Net worth Cpitl stock: Cumuson stuck Preferred stuck tuck credits stuck Reserves nd other: Certifictes Ptrons equity reserves Generl reserves nd sur plus, Undistrihuted net mrgins Other net worth reserves nd other TOTAL NET WORTH TOTAL LIABILiTIE AND NET WORTH dollrs per cet 2, , , , ,5 21,96 5 5,265 25, ,78 7,7 8 1, , ,65 2,1 7 11, , , ,7 1 Current ssets Csh u 5 government securities Receivbles: Notes receivble Accounts receivble generl Accounts receivble ptrons Less: Reserve for bd debts Net receivbles Inventories other current ssets TOTAL CURRENT AsET jevestments Investments in other Coop ertives Other investments TOrAL INvEsTMENTs Fixed ssets Lnd Deprecible ssets: Buildings nd equipment Less: Reserve for depre cition Net deprecible ssets TOTAL FIXED AET Other ssets Prepid expenses Miscellneous ssets TOTAL OTHER AET TOTAL AET Tble 6 Averge Blnce heet for Locl Butter Associtions Assets dollrs per cent 7, OJ 8,69 1 1, , , , , , , , ,72 5, ,9 66 2, , ,12 1 Current libilities Accounts pyble generl Accounts pyble ptrons Notes pyble Ptronge refunds pyble Other (including ccruls) current libilities Longterm libilities Notes, bonds, mortgges py ble Other longterm libilities longterm libilities TOTAL LiAILITIE Net worth Cpitl stock: Common stock Preterred stock tock credits stock Libilities nd net worth Reserves nd other: Certifictes Ptrons equity reserves Generl reserves nd sur plus Undistribnted net mrgins Other net worth reserves nd other TOTAL NET WORTH TOTAL LIABILITIE AND NET WORTH dollrs per cent 1, , ,912,7 62,8 1, ,85 2, 2,91 7 2, , ,7 86,98 6 1, ,1 16,8 1,5 17,67 9 1, , , ,12 1,

25 5,8 j_ Other l otal Miscellneous Other,82 T 8 MINNEOTA BULLETIN 12 TATITIC OF FARMER COOPERATIVE 9 Tble 7 Averge Blnce heet for 21 Locl Grin Associtions Tble 8 Averge Blnce heet for 29 Locl Form upply Associtions Assets Libilities nd net worth I Assets Libilities nd net worth dollrs per rent dollrs Per dollrs per rent dollrs per cent Cnrrent ssets Current libilities rent rrent ssets Cnrrent libilities Csh 8,8 67 Accounts pyble generl 11,9 g sh Accounts pyble generl,7 U government securities 1,1 8 Accounts pyble ptrons 21,62 17 u government securities 69 8 Arcounts pyble ptrons 5 5 Receivbles: Notes pyble 7,915 6 iieceivbles Notes pyble 5, Notes receivble 527 Ptronge refunds pyble Notes receivble Ptronge refunds pyble,51 8 Accounts receivble Other (including ccruls) 2,91 2 \cconn receivble (including ccruls),51 2 generl 12, generl 1,18 1 Accounts receivble current libilities 5,58 t ccounts receivble current libilities 17,69 28 ptrons 9,5 7 ptrons 7,986 9 Less: Reserve for bd debts 25 2 Longterm libilities Less: Reserve for bd debts 88 1 Longterm libilities Notes, bonds, mortgges py Notes, bonds, mortgges py Net receivbles 21,79 17 ble 1,96 16 Net receivbles 8,87 16 ble, 51 Inventories 6, 71 Other longterm libilities 8 Inventories 2, Other longterm libilities Other current ssets 1,9 11 curfent sests 6 longterm libilities 1,98 16 longterm libilities, 51 TOTAL current AET 78,7 61 current AseT 1, TOTAL LIABILITIE 52,2 17 TOTAL LIABiLITIE 21, Investments ive5im5 Investments in other coup Net worth Ineestments in other coup 75 et worth ertives 6,1 9 Cpitl stock: ertives 18,8 217 Cpitl stork: Other investments 89 1 Common stock 17,1 19 Oiher investments 1 t Common stock 1,71 7 Preferred stock 2,11 17 Preferred stock,_ 57 TOTAL INvEsTMeNT 6,19 5 tock credits 9,962 8 TOTAL INVETMENT 18, leek credits 7,997 9 Fixed ssets stuck 29,9 26 Fixed ssets stock, Lnd 27 Lnd 1, Deprecible ssets: Resenes nd other: Deprecible ssets: Reserves nd ether: Buildings nd equipment 55,729 6 Certifictes 78 6 Duildings nd equipment 5,895 2 Certifictes Less: Reserve for depre Ptrons equity reserves 27,52 22 Less: Reserve for depre Ptrons equity reserves 8, eltion 16,95 16 Generl reserves nd ur citien 1, Generl reserves nd sur plus l,lot lti plus 9, Net deprecible ssets 8,78 1 Undistributed net mrgins Net deprecible ssets 21, Undistributed net mrgins ( 12) ( 1) Other net worth 67 Other net worth TOTAL FIXEO AET 9,111 1 TOTAL FIXED AET 2, reserves nd other,16 7 reserves nd other 18,7 216 Other ssets Other ssets Prepid expenses 51 TOTAL NET WORTN 72,81 58 Prepid expenses 86 1 TOTAL NET WORTH 62,95 71 Miscellneous ssets 26 2 ssets 16 2 TOTAL LIABILITIE TOTAL LIABILITIE TOTAL OTHER AET 8 6 AND NET WORTH 12,852 1 TOTAL OTHER AET ANB NET WORTH 8,87 1 TOTAL AET 12,852 1 TOTAL AET 8,87 1 ts

26 T TATITIC Current ssets Csh U government securities Receivbles: Notes receivble Accounts receivble generl Accounts receivble ptrons Net, receivbles Inventories Investments ertives Other investments TOTAL 5Nve5TMENT5 Fixed ssets Lnd Deprecible ssets: Buildings nd equipment generl ptrons cition Other ssets Prepid expenses Miscellneous ssets Less: Reserve for bd debts Net receivbles Inventories _i 5,281 TOTAL CURRENT AET Investments ertives TOTAL NvE5TMENT5 Buildings nd equipment Less: Reserve for depre cition Net deprecible ssets TOTAL FiXED AET TOTAL OTHER AET TOTAL AET 51 Assets Libilities nd net worth dollrs per cent dollrs per cent Current libilities Current libilities,76 6 2,726 Accounts pyble generl Accounts pyble ptrons , , , ,816 9 Notes pyble Ptronge refunds pyble 65 LU Other (including ccruls) 2, , ,7 198, Longterm libilities, ble 22, ,219 8 TOTAL LIALTE5 Cpitl stock: Common stock 29, Preferred stock 5,87 87 tock credits 5, Reserves nd other: current libilities Certifictes Longterm libilities,7 52 ble Other longterm libilities 6 longterm libilities, ,75 25 Net worth Cpitl stock: Common stock Preferred stock tock credits stock 1,12 L8 Reserveo nd other: Certifictes 2, Ptrons equity reserves, 1,969 1 Generl reserves nd sur 15,12 2 9, Undistributed net mrgins 17, ( 596) ( 9) Other net worth ,97 11 reserves nd other 11, , TOTAL NET WORTH 29 1 TOTAL LIABILITIE TOTAL LIABILITIE 69 1 AND NET WORTH 62, ,95 1 L I Tble Averge Blnce heet for 86 Locl Generl Merchndise Associtions 29 OF FARMER COOPERATIVE Accounts pyble generl Accounts pyble ptrons Notes pyble Notes, bonds, mortgges py TOTAL LARLTE plus, 12 Current ssets Receivbles: Notes receivble Accounts receivble Accounts receivble Other current ssets Investments in other coop Other investments Fixed ssets Deprecible ssets: Lnd Other ssets Prepid expenses Miscellneous ssets 5 MINNEOTA BULLETIN 12 Tble 9 Averge Blnce heet for 162 Locl Petroleum Associtions t5, , Csh U government securities 6,77 6, Ptronge refunds pyble 557 6, , , ,121 1,1 Loss: Reserve for bd debts 5, , , Other current ssets 7,81 75 TOTAL current AsETs 26,5 265 Investments in otber coop 2, , , , ,9 g,g 52, , ,91 12, Less: Reserve for depre Other (including ccruls) 15,2 15 7,88,g ,98 25 Net deprecible ssets current libilities Notes, bnds, niortgges py Other longterm libilities longterm libilities Net worth stock Ptrons equity reserves Generl reserves nd sur plus Undistributed net mrgins Other net worth 27, TOTAL FXEO AET 2,5 25 reserves nd other 7, 75 1, , ,26 12 TOTAL OTHER AET TOTAL NET WORTH AND NET WORTH 99,796 1 TOTAL AET

27 T MINNEOTA BULLETIN 12 TATITIC OF FARMER COOPERATIVE 5 Commodity type Tble 1 Averge Finncil Rtios by Commodity Type Number of ssocitions reporting Locl ssocitions nd minor federtions Mixed diry 19 Butter Milk nd crem 66 Cheese 16 diry 5 Fruit 5 Vegetbles 7 fruit nd vegetbles 12 Grin 21 Livestock 179 Poultry nd eggs 6 Miscellneous products 2 TOTAL MARKETING 99 Mixed supplies 6 Petroleum products nd uto supplies 162 Production supplies Generl merchndise 86 TOTAL UPPLIE 29 Miscellneous services Frozen food lockers 21 Trucking 8 TOTAL ERVICE locl 1,21 Regionl ssocitions 15 GRAND TOTAL 1,6 Current ssets to current libilities Net worth Net worth Net Worth to fixed to totl to totl ssets libilities ssets per cell Ech rtio ws obtined by dividing the first item by the ltter (eg, Current ssets were divided by current libilities) The generlly ccepted minimum stndrds for the four rtios re 2 to 1, 1 to 1, 2 to 1, nd 6667 per cent, respectively The lst two rtios re ctully two wys of expressing the sme reltionship Tble 2 Associtions by Commodity Type nd Current Assets to Current Libilities Rtio CommoditY type Current ssets to current libilities rtio No Less 1 current thn nd libilities over reported number of ssocitions Mixed diry Bolter Milk nd crem Cheese diry yruit 5 1 egetbles fruit nd vegetbles _ Grin poultry nd eggs Miscellneous product TOTAL MARKETING Mixed supplies petroleum products nd uto sup plies production supplies Gcnerl merchndise TOTAL UPPLIE Miscellneous services Frozen food lockers Trucking TOTAL ERVICE GRAND TOTAL 1, Livestock ssocitions were not included in this tble or succeeding rtio tbles becuse their rtios were not comprble to those of other ssocitions

28 16 Tble Associtions by Commodity Type nd Net Worth to Assets Rtio Net worth to totl ssets rtio (per cent) Commodity type Negtive net worth number of ssocitions Mixeddiry Butter Milk nd crem Cheese diry Fruit 5 1 Vegetbles fruit nd vegetbles Grin Poultry nd eggs Miscellneous products TOTAL MARKETING Mixedsupplies Petroleum products nd uto supplies Production supplies Generl merchndise TOTAL UPPLIE Miscellneous services Frozen food lockers Trucking TOTAL ERVICE Q 5 6 I 5 GRAND TOTAL 1, Tble Associtions by Assets nd Net Worth to Assets Rtio Net worth to totl ssets rtio (per cent) ssets Negtive net worth Less thn $1, $1,$29, , 9, , 69, , 99, ,19, ,199, ,299,999 65, nd over 55 number of ssocitions L ,

29 U C C 1 Cco C 1 ( 5, u pw ic H co H i Pp H r 2 e ri is i C C) r C C U 9 C 2 Z C n 5 C Os co C Os C C Cj Os o 5 ii C) p Io )2 1 2) X l C CnIX) C 5,, C 5 C C 5 CC C, C CC 5 1 UI CCCO C1 is 5 5 Ø Os 5 C 5 5 C,_ Os C n C C C C C 5, C C CX 1 so, 9 5, CO 5 t 5 ce C s 9 U 5 1;_o C) o 5 CC p 15 C (55 5 C C C C C CX) CX) C Osi oo C 1 C C C s o et C C CX) U 5 n 5 C C C C 5 C 51 ncno CD CDs 5 5 UCC 5IC 1 Tble 6 Cpitl Accounts Revolved by Commodity Type nd Length of Nonfixed Revolving Periods Number of Length of nonfixed revolving period for lst cpitl retired ssocitions Revolv Commodity type using More Retired por ing revolving thn 1 tion of ccount Un None periods plns yers yers yers yers yers yers ech yer known retired fixed number of cpitl ccounts revolved Mixed diry Butter Milk nd crem Cheese diry Fruit Vegetbles fruit nd vegetbles Grin Livestock 51 5 Poultry nd eggs Miscellneous 7 products TOTAL iarketing Mixed supplies Petroleum products nd uto supplies Production 7 supplies Generl 7 1 merchndise TOTAL UPPLIE Miscellneous services 2 Frozen food lockers 5 5 Trucking 5 2 TOTAL ERVICE GRAND TOTAL

30 Up TOTAL spsvrcgs ,19 2,91 58, Poultry nd eggs ,72,15,9 Trucking ,967 8, ,6 TOTAL MARKETING ,9 1,12 25,158 7,8 2,797 5,67 TOTAL UPPLIE , 28 6,7 7,571 2,9 9,268 Vegetbles ,, ,917 Grin , 57 5, 9,882,19,1 Miscellneous products , Fruit, 5 diry , ,26 6,6 2,157 59,68 fruit nd vegetbles ,, ,917 Livestock ,85 Generl merchndise ,91 2,67 1,77,92 Petroleum products nd uto supplies ,2 1,15 2,758 5,2 Mixed supplies ,967, 57,5 Cheese ,2 16, ,86 Milk nd crem ,62 1,19,9 11,167 Butter ,5 12,597 5,52 1,85 51,26 Production supplies ,1 8 59,52 CCC Cto C p Cc cc,,t t,c 5,,e to to to C topc 1n C, CCpc cc p toot OtoC Ct C C C C p to to to to p to p C>p, I Ho to tn p to to >to, to, 2 e m t Ic p fl,, to > C >, p >, to to p p (I p pp top, p, 2, oto C t,nc to to cto o p itto to 2 to to p to I, GRAND TOTAL 1, ,21 1,67 7,712 1,82 2,67 118,968 Tots! locl 1, ,62 1,622 2,51 7,56 2,6 52,761 Regionl ssocitions , ,211 91,5 1,2 517,625 Frozen food lockers ,58 15,16 Miscellneous services ,8 29,2 Locl ssocitions nd sumc federtions Mixed diry ,22 6,66 1,959 6,88 thousnd dollrs dollrs Figure is less thn $5 CD ecu H od H cei H Ji Is> r g g g, r U U 15 H U9 p; :,jw,, sq p ; o O t tp o, c58,,, s2g g, I : CDt G z CD 1 fl O ( to s,, n ;,U H OZ o C, c C H Co p to to > C C p CU > C CC,topto p p s, t top to p,_,u, toop CC Op c p, p p t H p o p, o, top p po to p o, 2 p to to toto> p top c s p pp p to to o p p e t o 1, ; 8 ; U s n OCOE,, H 5 p, ;, o o t U N p U In _,, p H flcs Z cn,j o ZC q t g r H H E,_ n_p > ( ( 1 5fl 5 U O O N Z t> O N t, 2 5 sp,p, m p CCC, to ocoto p p Cc t p 1 U CO C t o o ccc cc p,, to CCC p C p cco C op CC to p o c c tn C to top c c, to to 2 2 2, oo CCC C c C C Cc C COOp p CCC CC C to, OC o CC C CCCC, C CO ID B o Co ID C n p ID II p C col 5 m H 8 N ci C p I p no 8 5 C no Go, e C n n n n C n C plns revolved Added Retired blnce Added Retired blnce reporting revolving cconnts Yerend Yerend Number of ssocitions Number of monnt ccount revolved Commodity type ssocitions using cpitl Number of Averge mount per cpitl Tble 7 Additions, Retirements, nd YerEnd Blnces in Revolving Accounts by Commodity Type

31 Tble 5 Lons by Commodity Type nd Type of Lender Type of lender Number Cooper of Coin Bnk Other Pri Privte tive Cooper ssoci mer for federl vte whole mrket tive Insur Other mdi Un tions ci borrow bnks tives gen ing supply feder feder firms tives Commodity type ing cies firms firms tions tins number of lonst Mixeddiry Butter Milk nd crem i Cheese diry Fruit Vegetbles fruit nd vegetbles Grin Livestock Poultry nd eggs Miscellneous products TOTAL MARKETING, Mixedsupplies o Petroleum products nd uto supplies Production supplies Generl merchndise TOTAL UPPLIE Miscellneous services Frozen food lockers Trucking _ 5 1 TOTAL ERVICE GRAND TOTAL 577 1, Other federl nd stte gencies include the Frm ecurity Administrtion, Wr Assets Administrtion, Consolidted Chippew Agency, nd the Minnesot Iron Rnge Resources nd Rehbilittion Commission in this nd succeeding tbles f In this nd succeeding tbles ech note outstnding during the yer ws considered seprte lon, except tht where n ssocition borrowed on two or more notes svhich were tile sme other thn in mount, the notes were combined nd treted s single lon p I5 N II oo2 i i 5s 1 1 o o o n, isn 1 i C N fl osxn : oo ii On is I) C) it cn in in in In in ID in to N in 5 io, In i it Z H II in to in ID o Oin In e O ini Li 1 tono to in toi to, in o 1,M,i is fl 62 j N totoo ONiV) OtJin I in ml toj to in MI to in N1 toi to I in j! 1 HN1 ) O tCl C)5t5 C) C) t I I : C C C : i, H ID In 1 8 B B 8 H ID B ID I Cl Cl ; : o, : e_, o : in in to to to into, i\zi O\ O to, I,,,111) inino to to 511 CII CC iint ) B H in N in in 1 in 1 I, 1) In In in into, in in O, CO IO to) In 1 I o ID to to in in in 1 In to, to, t In ) to t in I In CO to In to eto ii to in 1 5 to in to I C Ii ID B C to to in toes is to 1 In 5, CC 5 to I_ I_ It ojo in ooo tojtocs I coo 5 in Oin in OOinO in in1 C 5 J 5 in to in COin 1 to Is) in 5 in in In O)N 1 cooper nd stte mrket sle ing supply nce cooper viduls known

32 I TATITIC OF FARMER COOPERATIVE 6 U U U U, nl C, i5 U F I Co I ) C, Co Co C w tfl, OO C OOCOCOOOOO CtflO i Co Co C,noo,_,_, i,cococ,no o Co Co C Co Co C, CtO,Q,C C Co U C 9 5 tco CC, Co cc C o 9 9 C CI Co C C Co CoCCCCoC fl,,cc9c Cott%cOccO,,nC, C o n C ccccos CO, r,: r I C U 8 8 V F V C C, cc C V C, o C o C C type of lender Tble 5 Lons by Type of Lender nd Lon Purpose Number ssocitions borrowing Commerctl bnks Other federl nd stte gencies 7 Privte mrketing firms privte wholesle supply firms ii Copertt mrketing federtions Coopertive supply tedertsons 7 Insurnce firms 5 Other coopertives i Individul5 279 Cnk5fl 11 5i1k for coopertives Operting Commodity cpitl number of lons Lon purpose Fcility Unknown , totl is not n ddition of the preceding prts becuse some ssocitions borrowed from two or more sources Commodity type Locl ssocitions nd minor federtions Mixed diry 12 Ilutter 22 Milk nd crem 25 Cheese 8 diry 27 Fruit 1 Vegetbles 6 fruit nd vegetbles 7 Grin 6 Livestock 17 Poultry nd eggs 22 Miscellneous products TOTAL MARKETING 56 Mixed supplies 2 Petroleum products nd uto supplies 18 Production supplies 21 Generl merchndise 5 TOTAL UPPLIE 18 Miscellneous services 2 Frozen food lockers 19 Trucking TOTAL ERVICE 25 Tble 55 Amount of Borrowing by Commodity Type Combined Number of Number mximum ssocitions of borrow borrowing lons ings Averge mximum borrowings per ssocition borrowing dollrs Combined totls of ll lonst Averge size of lons Averge mount per ssocition borrowing 18,1 6,175 7,8 2,878 7, ,618,6 12,96 2,695,8 7,151 1,6 9 86,7 15,68 86,9 9,921 15, ,2 5,525 6,2 9,655 5,525 5,875,6 15,691,966,7 8,91 16,6 1 2,5 2,5 2,5 2,5 2,5 7 21,7,617 21,7 28,81, ,2 29,171 2,2 25,525 29, ,9 1, , 12,291 15,1 18, 2,57, 2, 2, ,8,56 76,1 15,59, ,776,8 16,227 5,95, 9,9 16, , 9, 18, 9, 9, 29 2,178,7 2,17 2,28, 8,7 22,8 5,5 19,1 18,7 8,7 19, ,1 16, 896,6 6,61 16,917 77,65, 18,8,761,6 7,886 2, 5, 2,5 5, 1,667 2,5 5 26, 1, ,8 6,618 1, ,1, ,9,98 2,75 5 9,1 15,6 72,7 8,919 18,98 I U U 1 1 t 1 locl 565 Regionl ssocitions 12 GRAND TOTAL 577 1,129 9,62,2 17,8 1,18, 9,21 18, ,22,225,851,685 6,56,657 1,62,15 5,,721 1,166 67,852,25 7,2,957 The combined mximum borrowing is bsed on the totl mount of borrowing outstnding on the pek dy of the yer for ech ssocition f The combined totl of ll lons is bsed on the mount of ech individul lon outstnding t its pek In the cse of lons mde in 199 this ws the fce mount, in the cse of lons mde prior to 199 this ws usully the mount outstnding t the beginning of the yer

33 1 t ContocCotoCo 8 2, 8 Cl) jj I Cl) CD CD 1 1 p r1 5, Q t 88 O, is 8 no 8 Tble 57 Consolidted Operting ttement by Commodity Type CD H p g I o= 8 5, fl In is 1 C) to 5, El n Co Co Co Co Co c c t, 5 td Is 5, 8t o 8 t c o $n 8 5,, Co b to t 1 to (1_I NE o8 n_p n 88 CoOn < o 8 o Co : 8 o 5 thittcr 1,12 119,679 8, ,877 15,26 1,99 17,2 15,1 2, ,95 Fruit f t Commodity type ssoci sles Purchses purchses on income gross operting operting other mrgin tions from nd net cost of sles mrgin expense mrgin income to to %J Co to to bcoctococoto tococococ5\ o Co Coo to to Prt I Income, Purchser, nd Mrgins Number Gross o reporting ptrons inventories sles thousnd dollrs Cost of sles Locl ssocitionc nd fruit nd vegetbles 12,515,5 575, , (7) 5 Production supplies 7,1 76 5,595 6,55 1,58 9 1, Poultry nd eggs 6 19,72 15,55 2,88 17,5 2, , 2, TOTAL MARKETI1G ,69,577 8,785 82,62,27,22 7,7 1,66 6,1 6,58 Milk nd crem 66,727 2, ,526 5, ,56, Mixed supplies , , supplies 162 9,556 1,97 2,7 7, ,721 5,88 1,87 1,86 2,959 Mixed diry 19 9,555 6,2 2,18 8,8 1, , 1, ( 5) 152 Vegetbles 7,72 2, , , (7) 6 Grin ,19 156,15 2,7 18,888 7,2 1,219 8,521 5,57 2,98 1,15 Livestock ,97 12, , Miscellneous products Generl merchndise 86 1,267 1,2 1,881 12,115 2, ,259 2, Miscellneous services ( 2) 9 locl 1,19 85,685 5,77 9,897 1,6,81 5,712 9,79 1,16 8,687 1,77 1,2 Regionl ssocitions 15 75,95 62, 82,66 76, 9,92 2,68 2,1 5,76 6, ,867 GRAND TOTAL 1, 1,21,18 97,7 17,56 1,17,67 8,57 8,6 91,9 76,87 15,6 2,288 17,291 Cheese 16 7,157 6,229 ( 1) 6, , Trucking 8 6,276,655 2, 6, Frozen food lockers ( 8) 1 TOTAL ERVICE 6,722,729 2,78 6, TOTAL UPPLIE 29 6,5,1 9,7 52,775 1, ,27 8,86 2,81 1,2,85 diry 5 19, ,88 11,12 167,97 22,592 2,58 25,175 22,76 2,799 2,122 A brekdown of the nijor ooerting expenses is given in Prt 11 Petroleum products nd uto Ls thn $5 tnt nor federtions,, C 2 o ) 2 o o CC Co tn Co 8 P into Cooc) Co to Co C,flc)to %j to Coto OI tto l C, 1 Co o s 8 o o 5,, P 5 t Itt) 17 Co t CoCoCoCo Co cioui Cc Co to to Co to Coo c 88 y nt Cotto)VCoCo T to Co to Co toc 1 CoO Coo C Co Co cu LO tr1 LO 91, to t totco Co ) to CC C Co CC to Co Co Co to Co CoOC c Co tootocococqcococ) to Co CoCoCoCooCoCo%Coto of Net Other mrgin service Net Net Net ) Oto to to Co c to so_c

34 I TATITIC OF FARMER COOPERATIVE 67 iip C) 2 >1 >1 O 89is 2 (5 8 8 t O 8 U 11 8I 2 i it H n n H 5 (ID, V H b5 on G O O e%, eqiop, eq 1l eq eq nflnfl eq oeq eq1tlpeq eq un C C eq n non es eq eq 6 C neq t eqeq C eq C r eqc fi 55Du, eqc n t 5 eqeqneq lfl seq Cequ, eq C i eq eq,neqceq 55 D equ, eq eq ic neqeq eq 516 eq eq eq, 55eq,t, n G n ui i eq Ceq C C eq eqeq eq eq C eq eqo 5 55 eq u, eq 5 eq eqseq eq eq eq eq eqeqe 55 nc eq, eq eq eq eq eq eq,_ I eq eq eq eq n eq C,eqeq eq eq eq eq,,eq C eq eq eqeq eq seq s c,, eq eq C eqceqeq eq o 22 C eq eq eq eq et Ceq ueq eq eq neqeq n, eq eq eq eq C ncceq eq eq eq eqeq eq eq eqc eq eq eq eq eq u, eqeqeq eq eq eqic eq eqeq eq C 6 eq eq, eq eqeq eqteq eq Creqeq C C, eq eq C eqeqeqeq eq eq eq eqeqeq eq eq eq eq eq eq eq ceq eq u, C eqs eqeqeq eq eq cc eq r eqeqeqs eq eq eq eqc eq eq eq ) 1 1, si u I eqeq eq eq eq eq eq eqc c eq eq eq eq eqeqeq eq eq eq eq eq EDO U, eq, eq eq U Ge C,,, Ci to ieq eq, eq eqeq eq eq eqeq eq eqeq,n,n eq eqeqc eq,,eqeq eq eqeq eq eq Ceqeqeq eq 5leq ininc Ceq eq eq eq eq eq neqeq eq eq eq C,5 eq eq be V t L N i5 5,, L,,j h _ t d 5:gE o ) 1 R F o u F 2II i oooit o ti, G o_ 5 H H H f H 52E H NC H> D 5 IsCI HH H ] < of to ffi H C C 5 I Tble 58 Averge Operting ttement for 119 Locl Associtions nd Minor Federtions Net sles Cest of sles purchses from ptrons Other purchses nd net in ventories cost of sles GRoss MARGIN ON ALE ervice income TOTAL GRO MARGIN Operting expenses Wges nd slries Plnt nd sles Mngement Office wges nd slries Txes Rel estte nd personl property ocil secnrity txes Other operting expenses operting expenses NET OPERATING MARGIN Net other income NET Net sles MARGIN Tble 6 Averge Cest of sles Purchses from ptrons Other purchses nd net in ventories TGtl cost of sles GRoss MARGIN ON ALE ervice income TOTAL GRO MARGIN Operting expenses Wges nd slries Plnt nd sles Mngement Office wges nd slries Dollrs Per cent 68, , ,91 187,82 99,19 91,2 12 7, ,91 27, ,7 1, ,196 15,65 1 1, , ,17 7,9 21 Dollrs Per cent Tble 59 Averge Operting ttement for 992 Locl Mrketing Associtions Net sles Cost of sles Purchses from ptrons Other purchses nd net in ventories cost of sles Gsoes MARGIN ON ALE ervice income TOTAL GRO5 MARGIN Operting expenses Wges nd slries Plnt nd sles Mngement Office wges nd slries Txes Rel estte nd personl property ocil security txes Other operting expenses operting expenses NRT OPERATING MARGIN Net other income NET MARGIN Dollrs Operting ttement for 5 Locl Diry AssocitionR 56,8 1 29,7 82 2, , , ,89 1 7, ,921,8 11 1, ,7 5 Per cent 18, , , ,6 92,515 8, , ,52 22,9 8 1, 1, ,152 16, , , ,56 16 Dollrs Per cent Txes Rel estte nd personl property 1,17 ocil security 1 1 txes 1, Other operting expense 22,865 6 operting expenses 1, NET OPERATING MARGIN 5,28 1 Net other income 68 2 NET MARGIN 5,86 16

35 T TATITIC 69 OF FARMER COOPERATIVE Tble 65 Averge Operting ttement for 2, Locl Generl Merchndise Tble 6 Averge Operting ttement for Associtions 162 Locl Petroleum Associtions rs Per cent Dollrs Per cent Net sles 165,89 1 2,69 1 trom ptrons Cost of sles purcbnses 197,7 88 Otter pircli5e5 nd net in ventfles 199, Cost of sles 1,52 87 Purchses from ptrons 126, in Other purchses nd net ventories 1,87 89 cost of sles cost of sles 25,2 151 Gpos MARGIN O ALE 182 GRO MARGIN ON ALE,9 1,29 7 ervice income, 1 ervice income 26, TOTAL GRO MARGIN 7, CRO MARGIN TOTAL Operting expenses OpertinG expenses Wges nd slries Vges nd slries 1, 6,58 22 Plnt nd sles 15, Plnt nd sles Mngement ngemeflt Office, ,1 8 Office 1,75 87 wges nd slries 22,5 92 wges nd slries Txes Txes Rel estte nd personl prsperty ocil security txes Other operting expenses Rel estte nd personl property, 1,22 5 ocil security 1 1 txes 1, ,22 7 7,729 7 Other operting expenses 12,2 5 2,28 11 operting expenses 6,11 18 operting expenses NET OPERATING MARGIN 2, ,558 7 OPERATING MARGIN NET Net other income 1, , ,27 75 Net other income,17 25 NET MARGIN NET MARGIN Tble 66 Associtions by Volume of Business nd Operting Expenses to Receipts Rtio ing expenses to totl recpt rtio (pr Volume of business Less thn $1, $l,l99, ,299, ,99, ,99, ,699, ,999, ,,1,999, ,, nd over , i 7 Livestock ssocitions were not included in this tble becuse their rtios were not comprble to those of other ssocitions 68 MINNEOTA BULLETIN 12 Tble 61 Averge Operting ttement for Tble 62 Averge Operting ttement for Locl Butler Associtions 21 Locl Grin Associtions Net sles Cost of sles Purchses from ptrons Other purchses nd net in ventories cost sf sles Dollrs Per cent Dollrs Per cent 8l 1 Net sles,52 1 Cost of sles 675,952 8 Purchses from ptrons 276,2 86 Other purchses nd net in ventories 18, , , cost of sles 295,17 89 GRO MARGIN ON ALE GRO MARGIN ON ALE 5,2 17 ervice income TOTAL GRO MARGIN Operting expenses Wges nd slries Plnt nd sles Mngement Office wges nd slries Txes Rel estte nd personl property ervice income,68 1 TOTAL GRO MARGIN 9, Operting expenses Wges nd slries Plnt nd sles ocil security txes Other operting expenses operting expenses Mngement Office 9,55 28, ,58 5 Txes wges nd slries 15,12 5 Rel estte nd personl property 91 ocil security txes 1,189 Other operting expenses 18,77 57 operting expenses, ,62 5,26 6 6,887 6,52, ,9 1 11, , ,11 2 1,71 1 2,969 29, , , NET OPERATING MARGIN NET OPERATING MARGIN Net other income 1 Net other income NET MARGIN 1,52 16 NET MARGIN Tble 6 Averge Operting ttement for 29 Locl Frm upply Associtions GRO MARGIN ON ALE ervice income Dollrs Per cent 215,9 1 Net sles Cost of sles 11, , Purchses from ptrons Other purchses nd net intories 179,57 8 cost of sles Dollrs Per cent 5, ,5 12 8, TOTAL GRO MARGIN Operting expenses Wges nd slries 12,82 59 Plnt nd sles,21 2 Mngement 1,66 8 Office 18,69 87 wges nd slries Txes Rel estte nd personl property 1,68 5 ocil security 2 txes 1,8 7 Other operting expenses 9,986 6 operting expenses,88 1 NET OPERATING MARGIN 8,9 9 Net other income,5 21 NET MARGIN 12,92 6

36 umounjufi c c P1 P1 19 = 1A put E P1 P1 ooo oso$ 666 6t7 = sec 5 p p ooo$ c inn5 1 tn P1 P1 51$ e t l cc P1 V 1$ In In 9 6$, 2, P1 P1 P 1 P In P, 9$ ooo oi$ In i crpnpl 19 c 19 v,p t ,IU1 19 IPI19O P 1 9$ ii f$ i rh In titl 1 ) t P1 Cs In I CC1 In flpIf1P 1 ti Qj,$ 666 6f to rh In 19 1 P1 19 p In rh1 o ooo ot$ 666 6Z Infl P1 tin I 19 C P p p rh P1 lin,,7$ ooo ol$ ut1 no OC P1 19 In O t In C In P1 1 In 11 1 IP C C In In In rh t )O 19 Inn C In 1 C (9 r U In In h, 2, 15, In 1,, z N II In U ', P s ) ti) Eu II 51) ou H H H H 9 H L I),C H> I9n 8 1 U) F F F 8 8 1) 5 I Tble 67 Associtions by Commodity Type nd Operting Expenses to Receipts Rcnt Operting expenses to totl receipts rtio (per cent) Commodity type Less thn number of ssocitions Mixed diry Butter Milk nd crem Cheese diry Fruit 5 1 Vegetbles fruit nd vegetbles Grin Poultry nd eggs Miscellneous products 1 2 TOTAL MARKETING Mixed supplies Petroleum products nd uto supplies Production supplies Generl merchndise TOTAL UPPLIE Miscellneous services 2 2 Frozen food lockers Trucking TOTAL ERVICE , GRAND TOTAL Livestock ssocitions were not included in this tble or succeeding rtio tbles becuse their rtios were not comprble to those of other ssocitions Tble 68 Associtions by Commodity Type nd Net Mrgin to Receipts Rtio Net mrgin to totl receipts rtio (per cent) Net loss Net gin Commodity type 5 1 nd over ,9 nd over number of ssocitions Mixed diry Butter Milk nd crem Cheese diry Fruit \Tegetbles fruit nd vegetbles Grin Poultry nd eggs Miscellneous products TOTAL MARKETING Mixed supplies Petroleum products nd uto supplies Production supplies Generl merchndise Il 1 5 TOTAL UPPLIE Miscellneous services 1 Frozen food lockers Trucking TOTAL ERVICE GRAND TOTAL 1,

37 Tble 7 Distribution of Net Mrgin by Commodity Type Prt I Ptronge Refunds nd Dividends Pid Ptronge refunds Dividends Commodity type Number Pyble tock Certifi Dividends Dividends of ssoej Csh or s nd ctes of Ptrons Ptrons on on reserves tions currently longterm stock interest, equity group llocted cpitl nd divi pyble libility credits etc reserves insurnce to ptrons stock certifictes dends Locls nd minor federtions Mixed diry 19 Butter Milk nd crem 66 Cheese 16 dollrs ,518 2, diry Fruit Vegetbles : 86 2,19 2, : CD fruit nd vegetbles Grin 21 1,15 Livestock Poultry nd eggs 6 7 Miscellneous products 2 12 TOTAL MARKETING 992 1,67 Mixed supplies 6 Petroleum products nd uto supplies Production supplies 11 Generl merchndise TOTAL UPPLIE 29 1, , 1 2, I , , , , Cl) , , Miscellneous services Frozen food lockers 21 Trucking II TOTAL ERVICE locl 1,19 2, ,169 19,5 8 9, Reqionl ssocitions 15 7, 1 1,56 6, GRAND TOTAL 1, , , Tble 7 Distribution of Net Mrgin by Commodity Type Continued Prt II NonUocted Reserves nd Income Txes 5 thousnd Nonllocted reserves Income txes Number Coniioiodity type of ssoci Generl Educ Undis Federl tte Adjust Net tions reserves tionl tributed unllo income income income ments mrgin nd surplus reserve net mrgins rted tx tx tx dollrs Locls nd minor federtions Mixed diry ) 152 Butter ( 6) 2,95 Milk nd crem Cheese 16 ( ) ( 1) ( 5) 67 diry ( 6),122 Fruit Vegetbles 7 ( 1) ( 8) ( 9) fruit nd vegetbles 12 1 ( 8) ( 7) Grin (9) ( 22) ,15 Livestock Poultry nd eggs 6 ( 1) Miscellneous products 2 17 TOTAL MARKETING ( 1) ( ) 6,58 thousnd Mixed supplies 6 ( 1) ( 1) 51 l etroletim products nd uto supplies 162 ( 6) 11 ( 2) ,959 Production supplies 2 ( 6) Generl merchndise ( 2) ( 15) TOTAL UPPLIE ( 1) ,85 Miscellneous services 1 o 1 9 Frozen food lockers 21 ( 2) Trucking 8 ( 6) 1 ( 1) ( 6) 88 TOTAL ERVICE ( 2) 1 ( ) ( ) locl 1, ( 16) Regionl ssocitions ,867 GRAND TOTAL 1, ( 161) ,291 In few cses operting sttements were not vilble for full yer s opertions The sttements covering shorter periods thn one yer were djusted to 12month bsis The figures in this column represent the differences between the ctul net mrgins nd the djusted net mrgins

38 7,9 r 7 MINNEOTA BULLETIN 12 Tble 71 Averge Net Mrgin ttement for 1 19 Locl Associtions nd Minor Federtions Ptronge refunds Csh or currently pyble Pyble s longterm li bility tock nd stock credits Certifictes of interest, etc Ptrons equity reserves Ptrons group insurnce llocted tu ptrons Dividends Dividends on cpitl stock Dividends on reserves nd certifictes dividends Unllocted reserves Generl reserves nd surplus Eductionl reserve Undistributed net mrgins unllocted Dollrs Per cent 2, , , , ( 12) ( 16) 29 Income txes Federl income tx tte income tx income tx 18 2 Adjustments TOTAL NET MARGIN 1 In few cses operting sttements were not vilble for full yer s opertions The stte ments covering shorter penods thn one yer were djusted to 12month bsis This figure represents the differences between the ctul net mrgins nd the djusted net mrgins ince the negtive d justments mde for the mrketing ssocitions hp pened to be exctly offset by the positive djust nments mde for the supply ssocitions, this figure fr ll ssocitions is zero Tble 72 Averge Net Mrgin ttement for 992 Locl Mrketing Associtions Ptronge refunds Csh or currently pyble Pyble s longterm li bility tock nd stock credits Certifictes of interest, etc Ptrons equity reserves Ptrons group insurnce llocted to ptrons Dividends Dividends on cpitl stock Dividends on reserves nd certifictes dividends Unllocted reserves Generl reserves nd surplus Eductionl reserve Undistributed net mrgins unllocted Income txes Federl income tx tte income tx income tx Adjustments TOTAL NET MARGIN Dollrs 1, ,2 Per cent so o 921 5s ( 11) 2 ( 2) ( ) ( 1) 6,56 looo til 52 e C in U tie: ci t ci z ci o ii m is is so is is o, O z 2,2 t 2=, is 9 o is NI I E,!, 6is is H nois o oisn 55 5 is o Is > 6 i is, is ii is o 22 8 Os > ii sor flot i H 2> ch c t n ci Ci t Ci iisi, Cs 5 i t,i, C s is s 5 in ii ON _i es,nc iccso m rio t ci 5 5 O ii 1 C i it, O, i 2 is is Ci i i O 5 i c i c c c s ri in,iio C 55 in c icc cc c ico t us 2 m C s is O O Ci ccc is so C1 nc is Tble 7 Averge Net Mrgin ttement for 29 Locl Frm upply Associotins Dollrs Per cent Dollrs Per cest Ptronge refunds Unllocted reserves Csh or currently pyble,,8 296 Generl reserves nd surplus 1 Pyble 11 s longterm h Eductionl reserve 1 bility 2 2 Undistrihuted net mrgins ( 16) ( 8) tock nd stock credits, Certifictes of interest, etc 75 6 unllocted 78 6 Ptrons equity reserves 2, Ptrons group insurnce Income txes llocted to ptrons 11,9 Federl income 88 tx 5 27 tte income tx 71 6 Dividends Dividends on cpitl stock income 986 tx Dividends on reserves nd certifictes Adjustments 1 1 dividends TOTAL NET MARGIN 12,92 1 ins 5 5 LI isito, O flt i in in in C i i ii OC 5OCt 5 5 csi, 2,i 2 t E i 25 : : : is ii s is is 5 2 is: in fl 2 L 2 gi5 I >, 2 t E5 : g6is s o s E H 22 I125C) i> 115i,9,ol,OsO,iloH te5f so 5 <

39 TOTAL 27,5,92 165, MINNEOTA BULLETIN 12 r TATITIC OF FARMER COOPERATIVE 77 Type of business TOTAL PRODUCT MARKETED TOTAL UPPLIE OLO TOTAL ERVICE PERPORMED,, Diry products Butter, locl 51 Butter, ptrons 517 Butter, shipped 519 Buttermilk, dried Buttermilk, fluid 87 Cheese 21 Cottge cheese 1 Crem, dried Crem, retil 266 Crem, wholesle 156 Ice crem 9 Ice crem mix Milk, condensed 5 Milk, dried Milk, evported Milk, retil 157 Milk, wholesle 227 kin, milk, condensed kins milk, dried 6 kim milk, fluid 2 Whey, dried Vhey, fluid 19 Other dried products Other fluid products 18 Commodities Hndled nd ervices Rendered Tble 75 Business of All Associtions Prt I ummry of Business for All Associtions bnoineoo GRAND TOTAL 1,27,27,797 Frm products mrketed 1,7,6,77 195,715,8 8,51,752 Interssocition trnsctions nd business done in other sttes Prt II Frm Products Mrketed by All Associtions Number of ssocitions hndling Frnits Currnts 1,596 qt,177 Goueborries 961 qt 27 Rspberries 5 197,1 qt 86,16 trwberries 1,786 gt 52,85 12,2 Less thn three Net Minnes, business 15 dollrs 58,877,67 521,8,1 5,29, ,85,517 1,2,67 7,28,o7ç 6,5,971 69,896,826 vlue Inter Business Nc nnits of products ssocition done in Minnesot hndled hndled trnsctions other sttes linsiness dollrs dollrs dollrs dollrs 2,6,97 lb 1,91,26,92 1,99,768 1,72,768 lb 8,978,19 8,978,19 25,71,9 lb 17,961,996,,17 16,,9 11,88,929 15,192,82 lb 1,8, , ,27 1,59, ,2 16,116 5t,2 58,8,67 lb 2,12,282 1,855,59 1,71,218 7,55,71 781,718 lb 16,7 16,7 82,2 lbjbf 5,629 26,62 2,6 1,295,12 lb/hf 1,558,851 16, ,s2,tg 15,9,162 lb/bf 12,1,726 1,792,99 1,521,7 8,599 gl 1,22,18 1,22,188,,685 lb 5,8 2,876 79,92 1,81,98 lb 1,66, ,68,792 12,211,95 lb,65,75,57,61,995 16,87,66 lb 1,966,79 1,27, 718,96,97,15 lb/bf 6,21,77 68,16 6,17,61 5,86,816 lb/hf,78,28 7,77,187 26,11,21 1,,782 lb 675,986 18,98 657, ,69,28 lb 26,712,9,99,92,61,2 19,62,615,72,851 2,27 2,61,6,51 15,969 89, ,159 2,187 6,855 7,21 5,18,11 1,76,59 211,2,821 1, ,16 I 5 rm products mrketed \ cgctu5 Corn, cnned Onions Pes pottoes Unclssified Grin Brley Buckwhet Corn pornni pixsced Millet Ots Rye oybens Whet 5creeningo unclssified Livestock Clves Cttle Bogs heep Unclssified Met nd hides Beef Pork Other met Bones nd scrps hides Poultry nd eggs Chickens, dressed Chickens, live Ducks nd geese Turkeys, dressed Turkeys, live Eggo, dried Eggs, frocen Eggs, shell Miscellnenno Alflf hy Alflf mel Enoilge Forest products eeds Wool PRODUCT MARKETED Less thn three Prt II Frm Products Mrketed by All Associtions Continued Number nfl ssocitions hndling 7 vlue Inter Business Net units ot products ncition done in Minnesot hndled hndled trnsctions other sttes business,99 toe dollrs dollrs dollrs dollrs ,22,69 152,17 2,18,27 96,,21,6 6,5 718,61 1,22,69 152,17 2,18,27 96, 6,5,28, ,55,7 bu 5,581,5,565,75 1,679,8 17,6,7 28,825 bu 71,96 26,175, ,888,25 bu 52,521,16 9,2,96,75,76 9,581,18 7 1,15,775 bu 1,575,952 11,78,66,52 78, ,86,96 bu 122,62,158 21,99,66 5,81,186 6,986, ,566 ho 2,989 11,5 21, , bu 21,65,28,175,1 5,652,7 12,67,77 186,2,86 bu 5,9,279 52,97 2,595,15 1,991, ,218,912 bu 17,92,68 2,28,977 85,727 15,121,6 27 5,227,996 bu 12,991,29,7,721 1,595, 16,691,5t ,5 2,8 19,92 117,69,279 2,51,775 96,882,65 756,9 6,65,98 29,26,712 17,61, ,6 cwt,6,7 2,565,61 87, ,21,25 cwt 21,27,57 18,78, 2,99, ,286,969 cwt 22,965, 1,15,52 9,69, ,17 cwt 1,552,7 1,, 512, ,5,51 71,616,81 86,86,67,999,758 71,616,81 1,519, , lb 152,56 152, ,92 lb 67,15 67,15 57,697 2,92 1, , , ,71 5,81 57,9 8,8 297,2 18 9,512,88 lb,6,818 1,17 761,11 2,72, ,58,261 lb 1,,675 12,19 1,298,566 1, ,98,85 lb 7,699,2 221,75 926,8 6,551,1 11,71,881 lb 1,6,69 9,529 1,266,5 1,525,115 lb 1,952,2 1,952,2 2,1,268 lb 88,997 88, ,579,66 cse 21,56, 1,285,921 1,879,82 18,9,299 1,86,979,567,766 2,775,59 19 ton,221,221,85 ton 222, ,967 1,955 1,955 79,521 79, , ,6 6 2,561,119 lb 1,87,9 1,57,9 8,715 2,15,52 151,692,7 97,15,9 521,8,1

40 r 7,21 78 MINNEOTA BULLETIN 12 upplies sold Petroleum products nd uto supplies Gsoline 252 Kerosene nd fuel oil 226 Lubricting oil 29 Grese 22 Tires nd tubes 186 Accessories nd prts 178 Other uto supplies 15 Production supplies Feed 61 eeds 5 Fertilizer 271 Other crop supplies 277 Mchinery nd implements 196 Hrdwre 151 Diry supplies 16 Building mterils 11 Miscellneous production supplies 85 Automobiles nd trucks 8 Generl merchndise Col 252 Groceries 68 Electricl pplinces 58 Dry goods nd clothing 68 Other generl merchndise 2 TOTAL supplies OLD Prt Ill Frm upplies old by All Associtions rssocitioni Number of vlue trnsctions ssocitions units of supplies nd business Net hndling hndled hndled Minsesst done in other business sttes dollrs 27,86,7 gl 56,7,125 29,12, ,98,61 gl 16,787, ,1,971 8,7268 5,1,51 gl,17,57 1,581, , ,98,61 15 l,79 l6 92, 1,785 1,667,955 1,16, :518,99,1,667,86 8,796,12 cwt 5,88,862 11,89,758 2,81 6,1 cwt 8,771,66 18,29,8,5 25 2,85 ton 11,176,57 5,528,5,f8 1 6,191 l,57 99s 5,,9 6,5297; 1,887,59,25,11 52,1 52,95 5,62,571 5,5,518 1,58,127 1,79,915 1,519,85 86,1 dollrs dsl1, 1,159,6 2,57,2t9 67,72 6,2,55 52,212,979 1,511,666,92,85 1,61,7 12,218,728 1,8,992 65, ,85 671, ,9 2,1,79,629,776 18,5,97 Tble 76 Business of All Mrketing Associtions Prt I ummry of Business for All Mrketing Associtions 8,29, ,85,617 Interssocition trnsctions Net Type of business nd business Minnesot business done in other business sttes TOTAL PRODUCT MARKETED 1,6,79,518 TOTAL UPPLIE OLD 52,118,7 TOTAL ERvIcE PEPORMED 6,7,2 GRAND TOTAL 1,122,16,188 dollr 58,11,688 1,565,2 1,82,9 515,78,8 1,55,226 5,2, ,959,1 562,56,87 9rsi 1sdtwts Diry prdncts Jstter locl 51 Butter, ptrons 516 ltntter, shipped 516 j1ntterinlk, dried ltutterm fluid 86 Cheese 21 ttge cheese 1 Crem, dr:ed Creis, retil 265 Crefli, wholesle 15 Icecrem 9 Ice crem mix Milk cndensed 5 Milk, dried Milk, evported Milk, retil 167 Milk, wholesle 227 kim milk, condensed kim milk, dried 6 kim milk, fluid 29 Vhey, dried t Whey, fluid 19 Other dried prsducts Other fluid products 18 Tstl Frs its Csrrnts t;ssseherries Rspherries trwberries Tstl Grin hrley 228 Buckss liet Csrn 19 Durum 7 Flxseed 229 Millet 9 Ots 2 Rye 18 syhens 158 Whet 2 creenings 18 Unclssified Livestock Clves 175 Cttle 188 loses 187 heep 18 I inclssified Met nd hides hleef 9 Psrk Other met Bones nd scrps 1 Ilnies 9 TATITIC OF FARMER COOPERATIVE 79 Prt II Frm Products Mrketed by All Mrketing Associtions Tstl Vegetbles Corn, cnned Onisns Pes Pottoes l iiclssified Number of vlue Inter Business Net ssocitions units of products ssocition done in Minnesot hndling hndled hndled trnsctions other sttes husiness dollrs dollrs dollrs dollrs 2,57,16 lb 1,897,7,92 1,892,55 1,59,58 lb 8,97,81 8,97,81 29,617,17 lb 1,25,25 29,912,289 16,,9 98,298,16 12,78,677 lh 1,15, , ,27 875,81 951,656 16,116 55,5 58,8,67 lb 2,12,282 1,855,59 1,71, ,71 781,718 lb 16,7 16,7 82,2 lh/bf 5,629 26,62 2,6 1,287,69 lb/hf 1,552,929 16,168 1,56,761 15,292,6 lb/hf 12,275,868 1,76,51 1,511,517 8,599 gl 1,22,18 1,22,18,,685 lb 5,8 2,876 79,92 1,81,98 lh 1,66, ,65,72 12,211,95 lh,65,75,57,61,85 16,57,66 lb 1,966,79 1,27, 718,96,97,15 lh/bf 6,21,77 68,16 6,17,61 5,56,816 lb/hf,78,28 7,77,187 26,11,21 1,,782 lb 675,986 18,98 657, ,69,28 lb 26,712,9,99,92,61,2 19,62,615,72,6 2,27 2,61,6,51 15,969 89, ,159 2,187 6,855 7,21 9,975,1 1,76,59 27,21,86 1,596 qt,177, qt ,1 qt 86,16 86,16 1,786 qt 52,85 52,85,99 cse 72,65 916,22 cwt 2,16,61 96, 12,2 12,2 6,5 26,72,98 hu 5,65,66,56,797 1,679,8 17,221,81 28,825 ho 71,96 26,175,921 9,765,75 ho 52,5,877 9,2,96,75,76 9,1,75 1,15,775 ho 1,575,952 11,78,66,52 78,222 2,52,6 hn 122,18,199 21,889,2 5,81,186 6,87,779 16,566 bu 2,989 11,5 21,55 29,569,795 bu 21,289,72,175,176 5,652,7 12,62,126,22,27 hn 5,2,96 52,97 2,595,15 1,975,86 7,96,19 hn 17,197,67 2,28,977 85,727 1,826,9 5,181,1 hu 12,89,699,692,9 1,595, 16,62,795 2,8 19,92 2,51,775 96,882,65 756,9 6,55,75 29,26, ,5,78 1,618 cwt,65,57 2,515,1 85,21 1,25,58 cwt 2,892,76 18,62, 2,8,76 1,278,96 cwt 22,82,22 1,199,2 9,62,81 79,786 cwt 1,55,6 1,, 55,19 71,616,81 86,86,67 25,79 lb 15,992 12,52 lb 55,92 2,92 1,95 718,61 1,22,69 152,17 2,16,61 96,,21,51 6,5,26, ,72,87,817, 71,616,81 1,66,581 15,992 55,92 1,795,686, 25,895

41 T TATITIC OF FARMER COOPERATIVE 81 Tble 77 Business of All Diry Associtions Prt I ummry of Business for All Diry Associtions Interssocition 55 busine trnsctions 89 Ensilge eeds Wool business nd business 9,69,57 2,1,611,5 1,9 7,29,88 done in other sttes dollrs 85,71,97 9,872,568 82,15 95,668,8 Gsoline Lubricting oil Grese Feed 5 eeds 28 Fertilizer 2 Hrdwre 8 Generl merchndise Col Groceries Electricl pplinces Net Minnesot business dollrs 22,96, 6,551, ,2665 7,176,97 1,79, ,715 1,261,, ,626,8 TOTAL i RODUcTs upplies sold ssocitions hndling units hndled sttes 7,7 1,17,99 112,67,628,9 82,182 8 MINNEOTA BULLETIN 12 Prt IL Frm Products Mrketed by All Mrketing Associtions Con l terbusiness Number of hndled hndled trnsctions other ttes Imnesot units of products ssocition done in Frm products ssocitions mrketed hndling Poultry nd eggs 17 Chickens, dressed Chickens, live Ducks nd geese 1 17,98,85 lb Turkeys, dressed 11,71,551 lb Tttrkeys, live t 1,525,115 lb t 2,1,268 lb 12 1,58,6 cse Eggs, dried Eggs, frozen Eggs, shell Miscellneous dollrs dollrs dollrs 9,5,9 lb,19,22 1,17 6,27, ,11 lb 1,77,57 12,19 o 25,99 1,2561 1, & 7,699,2 221,75 926,8 1,6,69 9,529 1,952,2 88,997 1, ,997 2,627, 1,188,195 1,879, , ,967 o 1,955 66,1 l6,9g Alflf hy Alflf mel Forest products 1,57,7 o 2,7296 7ypC of busie5s products MARKETED supplie OLD ton,221 f 19 1,85 ton 222,967 1,955 t 66, ,7 8, ,561,8 lb 1,57,7 ToTAL TOTAL crvice5 PEREORMET) GRAND TOTAL MARKETED 1,6 16,615 1,29,55 1,8,578 1,781,58 22,678,81 55,,222,71 6,5,887 Less thn three 1,6,79, ,126,785 97,18,9 515,788 This tble includes products hndled by miscellneous products mrketing ssocitions in ddition to those shown in the following tbles t Less thn three Prt m Frm upplies old by All Mrketing Associtions Interssocition Petroleum products nd uto supplies 8 9,28,651 gl 2 5,,822 gl 6 17,89 gl Kerosene nd fuel oil Tires nd tubes Accessories nd prts Other uto supplies Production supplies Number of Other crop supplies 226 Mchinery nd implements 88 Diry supplies 15 Building mterils vlue trnsctions Net of supplies nd business Minnesot hndled done in other business Miscellneous production dollrs dollrs dollrs 2,181,811 25,18 1,91,66 752,8 16,66 591,2 17,55 2, 127,12 2,16 2,982 29,178 76,591 76,591 25,86 25,86 86,97 9,9 77,7,716,69,279 5,2,62 cwt 22,72,592,85, ,81 cwt 17,878,21,968,5 1,6,9,961,52 71,25 ton, 1,95 1,271,78 2,,17 supplies 29 Automobiles nd trucks 29,95 9,1, 2,99, ,52,225 55,75 2,167,71 6 5,16 5, ,165 95,165 11,, Dry goods nd clothing Other generl merchndise 811,9 5,5,79 1,565,2 1,55,226 TOTAL UPPLiE OLD

42 1,761, 66,66 82 T MINNEOTA BULLETIN 12 TATITIC OF FARMER COOPERATIVE 8 Frm products mrketed Diry products Butter, locl 91 Butter, ptrons 9 Butter, shipped 96 Buttermilk, dried 2 Buttermilk, fluid 68 Cheese 21 Cottge cheese 1 Crem, dried Crem, retil 25 Crem, wholesle 151 Ice crem 9 Ice crem mix Milk, condensed 5 Milk, dried Milk, evported Milk, retil 16 Milk, wholesle 22 kim milk, condensed kim milk, dried 5 kim milk, fluid 28 Whey, dried 2 Whey, fluid 19 Other dried products Other fluid products Vegetbles Pottoes Grin Corn Ots Rye Whet Livestock Clves Cttle Hogs heep Met nd hides Beef Pork Other met Bones nd scrps Hides Poultry nd eggs Chickens, dressed Chickens, live Ducks nd geese Turkeys, dressed Turkeys, live Eggs, dried Eggs, frozen Eggs, shell Miscellneous Forest products Wool TOTAL PRODUCT MARKETED Less thn three Prt II Frm Products Mrketed by All Diry Associtions Number of vlue ssocitions units of products hndling hndled hndled 22,896,57 lb 1,77,92 lb 2,895,6 lb 12,6,7 lb 58,8,67 lb 781,718 lb 82,2 lb/bf 1,2,28 lb/hf 15,275,152 lb/hf 8,599 gl,,685 lb 1,81,98 lb 12,21195 lb 16,57,66 lb,852,196 lb/hf 5,59,2 lb/bf 1,,782 lb 219,257,68 lb l98cwt 17, 5 bu 28,5 hu 2,98 hu 9,26 bu dollrs 1,67,168 8,59,911 11,6,8 1,11, ,1 2,12,282 16,7 5,629 1,77,276 12,26,289 1,22,18 5,8 1,66,58,65,75 1,966,79 6,9,81,7, ,986 26,691,21 6,769, ,2 268,28 88,2 7, ,5 21,56 26,816 18,1 Inter Business ssocition done in NeI trnsctions other sttes Minnesot business rsdollrsdll,92 29,155,7 17,611,15 1,855,59 26,62 16,168 1,755,855 2, ,57 68,16 7,292,99 18,98,78,2 76,557,51 89,169 2,187 9,75, ,,9 127,27 1,71, ,27,,6 1, 2 2,27 1,76,59 1, ,59,911 96, ,851 52,86 16,7 2,t 1, ,5, 1,22, 18 9, ,7,61,85 718,96 591,52 26,77, ,88 19,62,615 2,61,6 15, ,159 6,855 7,16 2,82,7 21,59 21,56 o 26,816 18,j 87,86 1,68 cwt n,5 15, 25,1 9,86 cwt 158,989 55,2 1,799 12,11 cwt 211,128 16, cwt 18,86 8,27 1,116 95,715,2 9 25,79 lb ,992 12,52 lb 55,92 55,92 57,697 2,92 1,795 1,686,686 1,95 9,,87 29, ,95,22 lb 2,888,875 1,17 761,11 2,2,592 (2,66,25 lb 781,81 7,926 71, ,2,595 lb,612,578 1,71 926,8 2,52,7 2,6 lb n 7, ,5 1,525,115 lb 1,952,2 1,952,2 1,82,6 lb 65,7 65, ,6 cse 1,65,5 87,9 1,879,82 1,927,5 58 2,59,8 1,165,798,567,766 18,816,2 66,1 66, ,66 5,81,77 5,1,6 22,96, plies sold up petrlfh products nd uto supplies Gsoline Kerosene nd fuel oil bricting oil Grese Tires n tubes ccessorie nd prts Other uto supplies production supplies Feed eeds Fertilizer Other crop supplies Mchinery nd implements Hrdwre Diry supplies Building mterils Miscellneous production supplies Automobiles nd trucks Generl merchndise Col Groceries Electricl pplinces Dry goods nd clothing Other generl merchndise TOTAL UPPLIE OLD z Less thn three Prt III Frm upplies old by AU Diry Associtions Number of ssocitions hndling units hndled,8, gl 1,79,628 gl 76, gl vlue of supplies hndled dollrs 97,97 279,7 6,56 11,97 1,795 15,15,787 Interssocition trnsctions nd business done in other sttes dollrs 26,67 16,66 19,799 2,982 9,9 9,1 Net Minnesot business dollrs 691,57 118,81,657 8,515 1,795 15,15 2,297 1,2, ,577,617 cwt 11,28,15,715,87 6,12, ,596 cwt 1,5, ,616 76, ,59 ton 1,578,926 1,271, ,98 158,98 18,87,666 1,12,67 2,75, ,716 6, ,916 15, ,2 2,2 12 1,69,9 1,8,51 65,81 26,9 26,9 98,186 11,8, , 171, 9 2,56,757 9,81 1,77,676 r,28 5,561,28 5, ,97 1,97 Tble 78 Business of Butter Associtions Prt 1 ummry of Business for Butter Associtions 9,81 1,928,862 9,872,568 1,261, Interssocition trnsctions Net Type of business nd business Minnesot business done in other business sttes dollrs TOTAL PRODUCT MARKETED 22,57,76 69,297,29 155,16,677 TOTAL UPPLIE OLD 2,87,15 9,8,186 11,722,829 TOTAL ERVICE PERFORMED 2,259,765 82,15 2,177,5 GRAND TOTAL 27,52,86 78,6,6 169,6,856

43 7,1 8 MINNEOTA BULLETIN 12 TATITIC OF FARMER COOPERATIVE 85 Frm products nirketed Vegetbles Pottoes Grin Corn Ots Rye Whet Livestock Clves Cttle Hogs heep Met nd hides Beef Pork Other met Bones nd scrps Hides Poultry nd eggs Chickens, dressed Chickens, live Ducks nd geese Turkeys, dressed Turkeys, live Eggs, dried Eggs, frozen Eggs, shell Miscellneous Forest products Wool TOTAL PRODUCT MARKETED Less thn three Prt Diry products Butter, locl Butter, ptrons Butter, slupped Buttermilk, dried Dntternnlk, fluid Cheese Cottge cheese Crens, retil Crem, wholesle Ice crem Ice crem mix Milk, condensed Milk, dried Milk, evported Milk, retil Milk, wholesle kim milk, condensed kim oulk, dried kim milk, fluid Whey, fluid Other fluid products II Frm Products Number of ssocitions hndling units hndled Mrketed by 19 1,6,91 lb 25 1,8,889 lb 22,89662 lb 2 9,5,85 lb 1 8,698,15 lb 6 58,512 lb 211 7,589 lb/bf 11,787,677 lb/bf 59,76 gl 51,255 lb 1,16,29 lb 2,18,156 lb,28,6 lb 126 1,88,88 lb/bf 15 8,82,1 921,678 lb 2 125,19,9 lb lb/hf Butter vlue of products hndled dollrs 8,999,15 6,758,761 1,11,577 88,5 761,26 1,82,866 19,6 86,998,189,52 58,61 9,28 7,2 866,267 1,27, 2,96,82 7,886,81 96,762 15,268,96 5,51,8 18,97 196,96 2,2,1 1,9 96 lb 26 1,65 Associtions Interssocition trnsctions rs,92 25,722,862 5,617 82,6 16, ,75 2,55,85 161,268,27,712,116,25,165 Business doue in other sttes dollrs 16,, ,71,218 1,27, 2,55,2 2,27 1,7,59 Net hosiness doll 661 1,l t,755; 91, ,9 78,86 79,68 19,6 Ott,8t 2, ,tlo 7,28 t 6,2t; 2,96,g ,762 11,557,9 1,,822 15,81 196,96 18,215,8 198 cwt ,5 bu 21, ,5 ho 21, ,98 bu 26,816 26,816 9,26 ho 18,1 18,1 7,6 1,8 csvt 25,1 25,1 6,7 csvt,789 19, ,161 cwt 19,28 19,2 52 csvt , ,67 lb 115,15 115,15 9,125 lb 1,187 1,187 8,65 2 1,72 61,762, ,17 8 7,68,61 lb 2, ,7 761,11 1,98, ,626,297 lb 567,55 59,222 58,1 z 18 i8 6,612,58 lb,29,88 926,8 2,6,555 19,76 lb 7, ,12 1,525,115 lb 1 952,2 1,952,2 1,82,6 lb 65,7 65, ,89 cse 11,6,58 591,985 1,879,82 8,86,7 699,9,567,766 16,1,186 1,9 26 1,65 22,57,76,25,669 5,271,6 155,16,677 pplic5 sold 5 petrsleofh prthicts nd solo supplies 5 soline Kerssene nd fuel oil oil Grese Tires nd tubes Accessories nd prts Other uto supplies 5bcictin supplies 227 Feed 62 eeds Fertilizer 5 Other crop supplies 2 MchinerY nd implements 15 Hsrdscre 16 Diry supplies 12 mterils Miscellneous production supplies 98 prsducu ilding Prt III Genemi merchndise Col 1 Grsceries 21 Electricl pplinces Dry geods nd clothing Other generl merchndise Tstl TOTAL UPPLIE5 OLO Less thn three Frm upplies old by Butter Associtions InterssocitiOn Number of vlue trnsctions Net ssocitions units of supplies nd business Minnesot hndling hndled hndled done in other business sttes dollrs dollrs dollrs 19 2,128,79 57,85 57, ,29 111, ,916 15,598 6,522 6,522 7, ,26 21, ,1 9 16, 16, gl gl gl 2,56,27 cwt 6,791 cwt 2,797 ton 1,,857 1,58,56 1,5,8 12,61,85,598 5,85 259,85 1,91 17,61 1,25,88,28 5,561 9,715,87 956,616 1,271,78 1,12,67 65,665 5,29,1 1, 229,6 12,61 2,7,51 5, ,85 1,91 1,8,578 2,151 9,8,186 9,5,12 17,61 1,25,88,28 5, ,512,152 9,8,186 11,722,829

44 92,77 86 Type of business Prt MINNEOTA BULLETIN Tble 79 Business of Milk I ummry of Business for Milk 12 nd Crem Associtions nd Crem Associtions business TOTAL PRODUCT MARKETED 7,79,19 TOTAL UPPLIE OLD 1,97,22 TOTAL ERVICE PERFORMED 916,872 GRAND TOTAL 72,72,2 Frm products mrketed Prt Diry products Butter, locl Butter, ptrons Butter, shipped Buttermilk, dried Buttermilk, fluid Cheese Cottge cheese Crem, dried Crem, retil Crem, wholesle Ice crem Ice crem mix Milk, condensed Milk, dried Milk evported Milk, retil Milk, wholesle kim milk, condensed kim milk, dried kim milk, fluid Whey, dried Whey, fluid Other dried products Other fluid products Met nd hides Other met Bones nd scrps Hides Poultry nd eggs Chickens, dressed Chickens, live Ducks nd geese Turkeys, dressed Eggs, shell IL Frm Products Number of ssocitions hndling II 6 TOTAL PRODUCT MARKETED 69 Less thn three Mrketed by units hndled 7,8,892 lb 2,18,9 lb 9,692,262 lb 2,92,91 lb 76,16 lb 69,6 lb 82,2,111 11,19, gl,79, lb 9,79,159 lb 1,19,79 lb 6,61,6 lb 1,71,2 26,25,92 lb/bf 9,12,1 lb 9,6,599 lb lb/hf lb/hf lb/hf lb/hf Milk Interssoejtion trnsctions nd business done in other sttes Net Miflflesiit dollrs 12,958, ,877 12,98,9 nd Crem Associtions 751,ol9 59,sts,1l vlue Inter Business of products ssocition Net done in Minness hndled trnsctions other sttes business 15 dollrs dollrs dollrs dollrs,58,58 1,59,681 5,65,28 28,2 15,22 22, ,157 5,629 57,515 8,926,796 69,912 9,516 1,19,79,779,18 718,96 2,67,1 2,68,88 579,22 11,22,277 1,18,967,89,28 88,2 1,81 2,751,25 9,1 9,91 21,661 26,62 1,69 2, ,57 68,16,15,752 18,98,17,56 58,,51,2 2, ,76,11 12,512,1 1,87 1,221,56 1,59,61 2,899 25,91 125,Ott 1,2 112,157 o 2,6 57,515 7,6,77 69,912 7,6 1,18,98,775,5g 718,96 2,65,826 2,622,6 561,126 6, 8,5, , ,855 1,811,5O8, 6, 57,191,971 1,97 1,221 2, ,66 lb 5,71 5, ,28 9,8 9, ,7 lb 1,71 1,71 51,71 cse 686,5 187,11 99,2t lb 85,96 58,777 7,79,19 12,898,9 6, 57,75 _9 T :pplie sold Prt,8 PcttoleUm products nd uto supplies ljoituie Lubricttn oil ptoduction supplies feed ceds Fertilizer Other crop supplies 1IrdW suppltes ttuilding mterils 5liscellneous production supplies piry Generl merchndise Col Groceries Other generl merchndise TOTAL UPPLIE OLD Less thn three TATITIC OF FARMER COOPERATIVE III Frm Prt upplies Number of ssocitions hndling old by Milk nd Crem Associtions Interssocition vlue trnsctions Units of supplies nd business hndled hndled done in other sttes 16,78 gl 9 gl dollrs, 5 dollrs 87 Net Minnesot business dollrs 5, ,812 cwt 12,125 12, ,87 cwt 1,96 1, ton 19,27 19,27 6 9, ,12, ,5 277,5 791,5 791,5 18,82 18, ,679 27,679 9,97 9,92 Tble 8 Business of I ummry of Business for Cheese Associtions Cheese Associtions 1,75 1,97,22 Interssocition trnsctions Net Type of business nd business Minnesot business done in other business sttes dollrs Tori PRODUCT MARKETED 7,111,59 1,76,872 5,6,587 Torx UPPLIE OLD 5,87 5,87 TOAL ERVICE PERFORMED 97,88 97,88 GRAND TOTAL 7,25,72 1,76,

45 89 TATITIC OF FARMER COOPERATIVE Prt II Frm Products Mrketed by Mixed Diry Associtions Number of ssocitions hndling units vlue Inter Business Net hndled of products ssocition done in Minnesot hndled trnsctions other sttes buotness dollrs dollrs dollrs dollrs 19 1,15,781 lb 76, ,82 lb 229,15 18,5,615 lb 2,72, ,65 2,279 lb,99,99 76,81 88 MINNEOTA BULLETIN 12 Prt II Frm Products Mrketed by Cheese Associtions Number of ssocitions hndling vlue Inter Busines Net units of products ssocition done in 55 hndled hndled trnsctions other sttes busise Frm products mrketed dollrs dollrs dollrs dsllrs Diry products 5,78 lb 152,68 lb 71,965 lb 1,26 lb Butter, locl Butter, ptrons Butter, shipped Buttermilk, dried Buttermilk, fluid 18,782,789 lb 16 Cheese 9,29 lb/hf 28,22 lb/hf Crem, retil Crem, wholesle 8,9 lb/hf 9,567 lb/hf Milk, retil Milk, wholesle kim milk, fluid 222,7 96,16 28,756 1,6,111 5,9,1 9,7 22,52 1,7 1,972 16,97 15,581 Whey, dried 126,98 1 Whey, fluid 5,29 99, ,5, ,7 96,16 28,9g l, 19 27,61 1, ,518 lb 178, 89,215 28,56 lb,57 229,15 1,91,21 16,756 89,2 15,57 11,9 1 87,99 lb/hf 11,9 7,7 21,658 27, , ,617 7,57 lb/hf 1,295 gl 21, ,81 lb/hf 27, ,6 lb/hf 8, ,5 18,527 58,969,2,81,652 1,7,22,28,2 6 cwt 15, 15,,16 cwt 55,2 55,2 952 cwt 16,85 16,85 fin produc mckete( psiry reduts ptter, locl tter, pron5 shipped 8 Btter, Botterml, dcied c, fluid 11 Botterm sttge cheese Cheese Ccesl, retil Crem, wholesle Ire crem Milk, retil \lilk, wholesle milk, fluid kim Livestock Clves Cttle Hogs 2 cwt 8,27 8,27 heep 95,715 95,715 Met nd hides 2,857 1,95 6,75 lb 1,17 lb 2,92 2,92 1,25 5, 22,52 2,86 8, Other fluid products TOTAL VRODUCT5 1; 65,58 9,7 1,7 18,19 16,97 15,581 t ,111,59 1,76,872,6,5; MARKETED 16 Less thn three Prt m Frm upplies old by Cheese Associtions Interssocition Number of vlue trnsctions Net upplies sold ssocitions units of supplies nd business Minsesot hndling hndled hndled sttes hosioe done in other dollrs dollrs dsllsr Beef Pork Other met 6 Bides Poltry nd eggs Chickens, dressed Chickens, live 11 Docks nd geese Torkeys, dreosed Trheys, live Eggs, shell 15 Miscellneous Forest products TOTAL PRODUCT MARKETED 19 2,857 1,95, ,7 82,66,227 9,99 16, ,56, ,92 lb 175,117 79,6 lb 7,5 lb 87 lb ,819 11,7 8 68,2 1,61,16 127,16 cse 1,96,277 2,26,221 79,9 Leso thn three 65,11 65,11 5,678,157 7,71,26 1,69,16 Production supplies Diry supplies 11, ,292 1,292 Miscellneous production supplies 2,67 Generl merchndise Groceries 7 21,226 21,226 5,87 5,97 TOTAL 5uPPLOE5 OLD Less thn three Tble 81 Business of Mixed Diry Associtions Prt I ummry ot Business for Mixed Diry Associtions Interosocition Net trnsctions Minnesot nd business Type of business husiness done in other business sttes dollrs 7,71,26 1,69,16 5,678,157 TOTAL PRDDUCT5 MARKETED 2,18,5 TOTAL UPPLIE OLD 26, ,82 1,95,118 26,911 TOTAL okevocee PERFORMED 7,1,19 9,791,678 2,81,88 GRAND TOTAL

46 25,228,955 9 MINNEOTA BULLETIN 12 upplies sold Petroleum products nd uto supplies Gsoline Kerosene nd fuel oil Lubricting oil Grese Tires nd tubes Accessories nd prts Other uto supplies Production supplies Feed eeds Fertilizer Other crop supplies Mchinery nd implements Hrdwre Diry supplies Miscellneous production supplies Automobiles nd trucks Generl merchndise Col Groceries 16 Other generl merchndise Prt III Frm upplies old by Mixed Diry Associtions Number of ssocitions hndling vlue trnsctions units of supplies nd business hndled hndled done in other sttes 1,65,82 gl 1,16,299 gl,956 gl 12,778 cwt 8,18 cwt,75 ton dollrs 96,87 167,557 26,99,962 1,51 1,181 17, 65,16 571,16 1,97 59,15 2,885 2,68 8 5,16,8 26,9 1,87,51 5,712 6,6 65 2,8 dollrs 26,67 16,66 19,799 2,982 9,9 Net busineis dollrs l9; 6,99 6,78 6t 1,511 1,161 7,5j 9,1 21,59 57l,ins 1,9;,15 2,895 2,69 lt 5,16,s 2t6,99u 1,87,51 5,712 9,81 87,9 65 9,81 9,79 TOTAL UPPLiE OLD 2,18,5 788,82 1,95,118 Less thn three l,dimt5 prts Ited Number of ssocitions hndling uk;vl1et 191 Cers 7 Peru 229 Flse 9 Millet 22 Ots 182 gre evhrus 158 Whet 198 crershso usclssm6el icestod Clves Cttle flsgs heep Tstl vegetbles pottoes Miscelltie55 eeds Wool Tstl TOTAL PRODUOT MARKETED 22 Less thn three Prt II Frm Products Mrketed by Grin Associtions units hndled vlue sf products hndled dollrs Inter Business Net ssocitiois dune in Minnesot trnsctions other sttes business dollrs dollrs dollrs 26,71,98 ho 5,65,66,56,797 1,679,8 17,221,81 25,625 bu 71,96 26,175,921 9,78,22 hu 2,29,7 9,2,96,75,76 9,89,22 1,15,775 bu 1,575,952 11,78,66,52 78,222 2,52,6 bu 122,18,199 21,889,2 5,81,186 6,87,779 16,566 ho 2,989 11,5 21,55 29,51,252 bu 21,268,16,175,176 5,652,7 12,1,7,1,7 bu,997,18 52,97 2,595,15 1,99,2 7,96,19 bu 17,197,67 2,28,977 85,727 1,826,9 5,172,165 ho 12,872,268,692,9 1,595, 16,58,6 2,8 19,92 117,69,279 2,51,775 96,882,65 756, ,78, 6,55,75 29,26, ,965,978 1,28 cwt,57,57 8,22 cwt 16, ,752 67,59 cwt 1,8,615 1,98 1,298, cwt 5,772 5,772 1,822 1,5, ,62 cwt 5,61 51,61 92,55 8,562 8,988 1,557 lb 7,715 7,715 Prt III Frm upplies old by Grin Associtions 8,562 91,7 6,555,18 29,26, ,76,97 Interssocition Number of vlue trnsctions Net pplies sold ssocions units of supplies nd business Minnesot hndling hndled hndled done in other business sttes Tble 82 Business of Grin Associtions Prt I ummry of Business for Grin Associtions Interssocition trnsctions Net Type of business nd business Minnesot business done in other business sttes dollrs TOTAL PRODUCT MARKETED 525,868,7 5,791,85 171,76,97 TOTAL OUPPLtE oln 25,228, ,676 2,56,279 TOTAL services PERFORMED 2,69,98 999,99 1,69,5 GRAND TOTAL 55,566,8 56,8,52 197,82,28 Petroleum products nd uto supplies Gsoline Kerosene nd fuel oil Lubricting oil Grese Tires snd tubes Accesssries nd prts Other uto supplies Tstl Preductisn supplies Feed eeds Fertilizer Other crop supplies Mchinery nd implements llrdseure Iluilding mterils Miscellneous production supplies Automobiles nd trucks Generl merchndise Col Grseeries Electricl pplinces Other generl merchndise TOTAL 5UPO LIE OLD Lesi thn three dollrs dollrs dollrs 15 5,528,7 gl 1,2,87,781 1,2,9 1,197,62 gl 71,9 71,9 17 9,765 gl 8,97 6 8,6 15 2,66 2,66 11,796, ,55 1,55 8 7,818 7,819,15 2,9, ,91,77 cwt 1,65, ,2 1,55, ,22 cwt,7,591 9,877,257,71 19,12 ten 1,6,196 1,6, ,676 7,7 85, ,58 796, ,785 16, ,2,152 1,2, ,679 77,679,5,5 226,28 19,26,592 2,7,25 55,,17, ,77 6,67 118,8 1,5 1,5 2,18 2,18,62,78 62,1,17,65 692,676 2,56,279

47 8,878 _ 11,62,, 28,77 92 MINNEOTA BULLETIN 12 Tble 8 Business of Livestock Associtions Prt I ummry of Business for Livestock Associtions Prt H Frm Products Mrketed by Poultry Associtions Number of ssocitions hndling units hndled vlue of products hndled Inter Business Net ssocition done in Minnesot trnsctions other sttes business dollrs dollrs dollrs dollrs Type of business business Tom, 1 RODUCT MARKETELi 25,12,686 TOTAL UPOLIE OLO 98,578 TOTAL ERVICE PERFORMED 215,51 GRAND TOTAL _ 25,7,778 rssocjtion trnsctions nd business done in other sttes dollrs 16,27, Prt II Frm Products Mrketed by Livestock Associtions itliflneiqo Ui 5 2l5,; 27 9tlQ Number of vlue Inter Frm products ssocitions units of products ssocition done in M mrketed hndling hndled hndled trnsctions other sltes dollrs olh Livestock Clves 171 1,67 cwt,28,29 2,99,7 Cttle 182 1,186,77 cwt 2,56,989 18,6,56,55, Hogs 182 1,199,28 cwt 21,,81 1,172,8 11 heep ,58 cwt 1,521,76 1,2,17 o Unclssified 158,5,51 71,616,81 86,8,g lrs dollrs TOTAL PRODUCT MARKETED ,12,686,71,5 71,616,81 99;9, U Prt III Frm upplies old by Livestock nd Wool Associtions Interssocition upplies sold units hndling hndled hndled done in other I umber of ssocitions vlue of supplies trnsctions nd business Mi sttes dollrs dollrs dol Production supplies Feed 6,2 cwt 27, eeds 18 cwt, Other crop supplies 6,5 691 Mchinery nd implements 17, Hrdwre 2, Miscellneous production 2, supplies 8979 Generl merchndise Col Groceries Dry goods nd clothing Jt628 2,9 2, ,7 1,7 TOTAL UPPLIE OLD 98,578 Less thn three Type of business Tble 8 Business of Poultry Associtions Prt I ummry of Business for Poultry Associtions business TOTAL PRODUCT MARKETED 17,722,596 TOTAL UPPLIE OLD 1,996,892 TOTAL ERVICE PERFORMED 126,885 GRAND TOTAL 19,86,7 Interssocition trnsctions nd business done in other sttes Net Miones hs,id dollrs 1,7,21 J,9961 1, tter, locl 8utter, ptrofl Butter, shippel Buttm! dried 8otterm 81(1 Creim, retil CrC wholeole Milk, retil Milk, wholesle skim milk, dried kit ifli, fluid Other fuid products 85 5 Cttle nd hides nd eggs Chickens, dressed Chickens, live Turkey5, dressed Turkeys, live Eggs, frozen shell MiIeellneoU Alflf mel Wool TOTAL PRODUCT MARKETED Less thn three 2 678,59 lb 29,869 29, ,576 lb 76,17 76,17 2,751,68 lb 2,781,85 756,816 2,25,29 172, lb 12,962, 8, ,66 11,966 11, ,15 lb/hf 75,65 75,65 17,8 lb/hf 15,579 8,96 7,8 7 12,957 lb/bf 191,56 191,56 7 1,9 lb/hf 17,59 8,19 2, ,6 lb 2,768 2,768 1,56 1, ,76,19,72 7 cwt 12,682 12, , 5, 6 1,51,87 lb,8,8 27 2,721,72 lb 595,76 61,18 5, ,165,79 lb,86,86 78,1,8,76 7,692,951 lb 1,52,2 9,12 1,259,9 599,28 lb 188,69 188,69 5, cse 6,972,529,856 6,61,67 6 1,626,59 57,55 1,5,18 91 ton 25,1 25,1 7,9 lb, ,77 17,722,596 1,7,21 16,29,95 Prt HI Frm upplies old by Poultry Associtions Interssocition Number of vlue trnsctions upplies sold ssocitions units of supplies nd business Net hndling hndled hndled done in other Minnesot sttes business Proleum products nd uto supplies Kerosene nd fuel oil Other uto supplies Piduction supplies eeds fertilizer Other trp supplies Hchinery nd implements Hrdwre Diry supplies Building mterils lucellneous production supplies Gel merchndise Groceries Electricl pplinces Dry goods nd clothing Other generl merchndise TOTAL UPPLIE OLD Le 55 thn three dollrs dollrs dollrs,556 gl ,2 5,2 5, ,876 cwt 1,2,7 1,2,7 5 1,88 cwt 29,59 29,59 17 ton 6,5 6,5 8, ,5 78,5 16,19 16, ,661 25,661 1,57,628 21,8 21,8 22 8,87 8, ,28 59, ,266 2,266 1,996,892

48 2,71,897 Tble 85 Business of Fruit nd Vegetble Associtions Prt I ummry of Business for Fruit nd Vegetble Associtions Interssocition trnsctions Net Type of business nd business Minnessi business done in other busineis sttes dollrs TOTAL PRODUCT MARKETED FRUIT 12,2 12 TOTAL PRODUCT MARKETED VEGETABLE,712,96 6,5 7O6 89 TOTAL UPPLIE OLD 66, (6O TOTAL ERVICE PERFORMED 81,766 8l766 GRAND TOTAL,597,588 6,5 Prt II Frm Products Mrketed by Fruit Associtions Number of vlue Inter Business Net Frm products ssocitions units of products ssocition done in Minnesot mrketed hndling hndled hndled trnsctions other sttes business dollrs dollrs dollrs dollrs Fruit Currnts 1,596 qt,17,,177 Gooseberries 961 go Rspberries 5 197,1 t 86,16 86,16 trwberries 1,786 qt 52,85 52,85 TOTAL PRODUCT MARKETED 5 12,2 12,2 Prt III Frm Products Mrketed by Vegetble Associtions Number of vlue Inter Business Net Frm products ssocitions units of products ssocition done in Minnesot mrketed hndling hndled hndled trnsctions other sttes business dollrs dollrs dollrs dollrs Vegetbles Corn, cnned,99 cse 72,65 6,5 718,61 Onions 1,22,69 1,22,69 Pes 52, Pottoes 69,82 cwt 1,51,55 1,51,55 Unclssified 96, 96, 7,697,991 6,5,691,98 Miscellneous Ensilge 1,955 1,955 TOTAL PRODUCT MARKETED 7,712,96 6,5,76,89 Less thn three Prt IV Frm upplies old by Fruit nd Vegetble Associtions Interssocition Number of vlue trnsctions Net ssocitions units of supplies nd business Minnesot upplies sold hndling hndled hndled done in other business sttes Production supplies dollrs dollrs dollrs eeds,92 cwt 92,12 92,12 Fertilizer 2,577 ton 125,7 125,71 Other crop supplies 8,521 8,521 Building mterils,18,18 Miscellneous production supplies 7 99,75 99,75 659,8 659,8 Generl merchndise Other generl merchndise 6 6 TOTAL UPPLIE OLD 66, 66, Less thn three I TATITIC OF FARMER COOPERATIVE 95 Tble 86 Business of All Frm upply Associtions Prt I ummry of Business for All Frm upply Associtions Interssocition trnsctions Net Type of business nd business Minnesot business done in other business sttes dollrs ToTAL PRODUCT MARKETED 2,71,897 56,82 2,15,515 ToTAL UPPLIE5 OLD 1,71,521 7,76,7 66,967,7 TOTAL ERVICE PERFORMED 1,2,9 21,26 962,15 GRAND TOTAL 1,68,827 7,569,9 779,7 Prt II Frm Products Mrketed by All Frm upply Associtions Number of vlue Inter Business Net Frm products ssocitions units of products ssocition done in Minnesot mrketed hndling hndled hndled trnsctions other sttes business dollrs dollrs dollrs dollrs Diry products Butter, locl 26,521 lb 16,22 16,22 Butter, ptrons 1,26 lb 8,12 8,112 htter, shipped 228,86 lb,88 1,88 Buttermilk, fluid Crem, retil 7,89 lb/bf 5,922 5,922 Crem, wholesle 56,72 lb/bf 8,858 28,62 1,216 kim milk, fluid,788,788 2,15 16,278 1,17 Vegetble Pottoes 611 cwt 1,1 1,1 Grin Brley 5 8,975 bu 115, ,92 Corn 6 122,5 hu ,28 Flxseed 5,596 hu 25,959 15,12 (1 18,827 Ots 7 217,122 bu 175, ,581 Rye 1,O9bu 15,15 5,15 oybens 122,722 hu 29,21 29,21 Whet 7 6,595 bu 1,5 11,821 88,719 1,126,22 118,19 1,8,8 Livestock Clves 2,788 cwt 71,9 5,18 2,772 Cttle 7,67 cwt 15,71 16, 119,71 Hogs 8, cwt 12,1 116, 25,78 heep 61 cwt 7,19 7,19 55,5 182, ,72 Met nd hides Hides Poultry nd eggs,18 1,66 1,62 Chickens, live 8 252,59 lb 5, Eggs, shell 69,1 cse 97,55 97,726 89,82 96,655 97, ,929 Miscellneous Forest products 1,12 1,12 eeds 9,75 5 9,75 Wool 6 lb ,61 62,61 TOTAL PRODUCT MARKETED Less thn three 56,82 2,15,515

49 7,68 2,251,52 TATITIC OF FARMER COOPERATIVE 97 Prt U Frm Products Mrketed in product5 ssocitions units of products ssociti5 done in Minnesot hndling hndled irket 2,97 lb/hf 28,62 28,62 wholesle pir 9roducts Crem, BrleY Gcj F15d 515 Rye Whet 1,27 bu , ho 15,12 15,12, ho ,19 61,81 nd eggs 6,78 cse 78,16 16, poultry Eggs, shell ToTAL product Prt Ill Frm upplies old by Petroleum Associti vlue trnsctions Net Number of Opplies sold ssocitions units of supplies nd business Minnesot hndling hndled hndled done in other business dor rs do:5 petroleum nd products uto supplies 16 8,57,6 gl 51,992,6 28,98,87 2,7,99 Gsolise Kerosene nd fuel oil Lubricting oil Grese ,527,516 gl 15,768,67 8,15,8 7,61, ,89,862 gl 2,875,89 1,557,69 1,18,16 67,8 66,11 7,668 2,87,959 1,981,78 892,176 2,277,57 92, 1,57, Tires nd tubes Accessories nd prts ii Other uto supplies Productioll supplies 6 1,5,9 cwt,9,159,96,296 78,86 Feed 21,95 cwt 1,678,67 1,612, 65,927 eeds Fertilizer Other crop supplies MchinerY nd implements Hrdwre Diry supplies 56,97 ton 2,7966 2,265,66, 669, ,1 7,15 27 lltiilding mterils Miscellneous production supplies 5,952,9,2,58 1,628,86 2,29,82 1,61, 68, , ,9 652,788 58,2 72, ,97 99,6 15, ,76 Automobiles nd trucks Generl merchndise Col Groceries 256,9 8,75 5 Electricl pplinces 1,5,65 1,25, ,2,55 2,8,992 57, ,821 7,821 Dry goods nd clothing 8 Other generl merchndise ,12,76 1,85 11,,11 TOTAL UPPLIE OLD 96 MINNEOTA BULLETIN 12 Prt III Frm upplies old by All Frm upply Associtions upplies sold Petroleum products nd uto supplies Gsoline Kerosene nd fuel oil Lubficting oil Grese Tires nd tubes Accessories nd prts Other uto supplies Production supplies Feed eeds Fertilizer Other crop supplies Mchinery nd implements Hrdwre Diry supplies Building mterils Miscellneous production supplies Automobiles nd trucks Generl merchndise Col Groceries Electricl pplinces Dry goods nd clothing Other generl merchndise Interssocition Number of ssocitions vlue trnsctions Net hndling units of supplies nd business Minnes 1 hndled hndled done in other husi e,s sttes dollrs dollrs 18,5,786 gl 5,891,1 2i 16,5, ,979,59 gl 5,22,62 gl 29,62,27 8,15,8 19 dollrs 2, ,26 2,989,98 2 1,29, , ,9 7 2,987,2 2,69, ,581,18 1,56,77 66,75 1,2569 1,98,61 1, , 1,6,97 1,55,69 8,65, ,25 ton 7,8,67,257,55,227 l 1,15,66 cwt 11,57,218 7,9,587, ,56 596,1 172 l 18 7,228,6,1,2 2, ,676,65 1,887,59 2, ,62 cwt,67,28,22, , 52, ,15,79 5,62,571 1,95, ,527 12,886 62, , ,522 26,89,71 16,781, ,757,7 1,56,26 71, ,8,81 1,5,65 9,797, ,7,99 1,8,992 69,57 TOTAL UPPLIE OLD 6 1,2,92 1,2, , ,711 15,7,818,682 12,587,7 7,76,7 66,967,7 Tble 87 Business of Petroleum Associtions Prt 1 ummry of Business for Petroleum Associtions Interssocition trnsctions Net Type of business nd business Minnesot business done in other business sttes 227,291 11,,11 TOTAL PRODUCT MARKETED TOTAL UPPLIE OLO TOTAL ERVICE PERFORMED 85,6 GRAND TOTAL 12,519,768 dollrs 6,122 16, 169,1,85 61,12,76 728, ,568 1,16,285 61,1,8

50 pjleui products uto supplies nd nd fuel oil Oil 19, TATITIC OF FARMER COOPERATIVE pccrt III Frm upplies old by Production upply Associtions eroftt1ueset ssocitions units of supplies nd business Minnesot upplies hndling hndled hndled done in other business Grese nd prts Tires n to es Accesoncs uto supplies Other supplies pcodsctiofl eeds Feel Fertilizer nd implements Other, crop supplies Mchinery Hrdwre Diry supyhes flujlding mterils Miscellneous production pplies 55 nd trucks Automobiles ld sttes rs dollrs dollrs 15 6,86,68 gl 1,116,25 77,8 1,8, ,759 gl 85,81 85, ,188 gl 56,,8 52,92 1 1, , ,8 2,88 5,16 5,6 5,6 5 1,91 18, ,9,62 85,6 1,,299 5,917,877 1,87,98,7,676 76,59 929,12 1,75,75,89,291 1,6,891 cwt 5,98 cwt 98,1 ton 1,62,75 1,991, , ,625 1,7 82,1 6,9, ,8 2,828,586 11,759,22 25,55 2,712,881 76,59 921,57 829,85 1 1,657,18, ,27 25, 2 5 9,69,6 1,15,2 799,96 6,6 5,97 12 Gencrl merchndise 5, Col Groceries 121,82 81, ,82 81,517 Electricl pplinces Dry goods nd clothing 66 Other generl merchndise ,96 1,15 2,615,176 12,6,71 11,971,75 TOTAL sui FLIE OLD Less thn three Tble 89 Business of Generl Merchndise Associtions Prt I ummry of Business for Generl Merchndise Associtions = business InterssocitiOn trnsctions nd business done in other sttes Net Minnesot Type of business business dollrs 1,6,57 1,6,57 16,11 TOTAL PRODUCT MARKETED 626,5 82,859 5,59 TOTAL UPPLIE OLD TOTAL ERVICE PERFORMED 16,11 GRAND TOTAL 1,7,61 82,859 1,2922 MINNEOTA BULLETIN Tble 88 Business of Production upply Associtions Prt I ummry of Business for Production upply Associtions Interssocition trnsctions Net business Type of business nd business done in other 5 busin sttes 7 TOTAL PRODUCT MARKETED 78,29 TOTAL UPPLIE OLD 2,615, , 12,6,71 111,696 TOTAL ERVICE PERFORMED 225,797 11,11 12,755,97 25,62,2 GRAND TOTAL 12,86895 Prt II Frm Products Mrketed by Production upply Associtions Frm products mrketed Diry products Crem, wholesle Vegetbles Pottoes Grin Brley Corn Flxseed Ots Rye oybens Whet Number of ssocitions hndling vlue Inter Business Net units of products ssocition done in hndled hndled trnsctions other sttes 15,297 bu 115O7bu 8,176bu 5 179,765 ho Poultry nd eggs Eggs, shell Miscellneous Forest products eeds Minne,oi 5 business \Vool 6bri dollrs dollrs dollrs 1,595 lb,bf 1,216 1, cut 1,1 1,1 2,568 2,56t 161,1 11,1 7,111 7, ,722 ho 15,691 15, ,21 29, ,99t 5 l,186bu ,191 1,21 cse 1,895 1, ,12 9,75 9,75 61b ,61 62,61 TOTAL PRODUCT 78,29 78,29 MARKETED Less thn three

51 11 m Number of Gsoline Lubricting oil Grese Production supplies Feed eeds Fertilizer Mchinery nd implements Hrdwre supplies ssocitions Generl merchndise Col Electricl pplinces hndling 597,75 92,151 6,92 9,951 8,6 16,65 67, ,59 1,66,969 57,787,81 1,655 6,179 1,27,89 2,55 2 TOTAL PRODUCT of Number of ssocitions sttes hndling mrketed Net 5i5 sttes units hndled 16,22 Tutl 29 92,15: 6,92 9,95t Grin Brley ,1 gl Corn 2 7,6 gl 26,521 lb 228,86 lb 66 7,89 lb/bf 5,922,788,788 z Flxseed 12 Ots 15 8,6 16,65 67,65 999,Osi Rye 8 Whet 1 Livestock Clves 29,57 cwt 2,6 cwt Cttle 19 Hugs heep 687 ton Met nd hides Hides 6,79 6,79 Chickens, live Eggs, shell,19, Less thn three 1,6,57 1,6,57 TATITIC OF FARMER COOPERATIVE 1 1!PPP MINNEOTA BULLETIN 12 Tble 9 Business of Mixed upply Associtions Prt U Frm Products Mrketed by Generl Merchndise Associtions Prt I ummry of Business for Mixed Frm upply Associtions productsnumberoftotlitttlli mrketed ssocitions hndled of products ssocition done i Mm Ct hndling hndled trn::tions other st:es bit5 Met nd hides Interssocitiois trnsctions Net business nd business Minnesot TYP business done in other business I dollrs 2,19 1,66 Hides Poultry nd eggs Chickens, live 5 59,82 lb 1,217 PRODUCT MARKETED 1,76,82 17,5 759,7 Trot UPPOE OLD 1,1,77 1,1,77 Eggs, shell 2,861 cse 592,817 81,9 ERVic PERFORMED 1,165 1,165 GRAND TOTAL 2,11,696 17,5 1,81,2 62, 81,9 626,5 82,859 MARKETED Prt II Frm Products Mrketed by Mixed Frm upply Associtions Fns products Petroleum products nd uto supplies 597,75 Kerosene nd fuel oil Tires nd tubes Accessories nd prts Other uto supplies 1,66,969 57,767,815 1,655 6,179 Other crop supplies 1,27,89 2,55 Diry pro5tt5 Prt Ill Frm upplies old by Generl Merchndise Associtions 16,22 8, ,922 Butter, locl Butter, ptrons Butter, shipped Buttermilk, fluid upplies sold Crefli, retil kim milk, fluid Building mterils Miscellneous production Poultry nd eggs 18,9 Automobiles nd trucks,19,926 TOTAL PRODUCT Groceries MARKETED Dry goods nd clothing Interssocition vlue trnsctions units of supplies nd business Mtnnes vlue Inter Business Net of products ssocition done in Minnesot hndled trnsctions other sttes business dollrs dollrs dollrs dollrs 8,112 1,88 1,88 1,26 lb hndled hndled done in other busiesi 1,66,921 6,1 bti 9, 9, 7,22 bu 8,969 8,969 2,2,759 gl 18, bu 11,716 11,716 2,92 bu 27,587 27,587 1, bu 15,219 15,219 27,691 bu 9,72 59, ,788 cwt 71,9 5,18 2,772 7,67 ewt 15,71 16, 119,71 8, cwt 12,18 116, 25,78 61 cwt 7,19 7,19 182, , ,157 lb 21,888 21, ,9 5 16,557 cse 225, , ,58 1,76,82 17,5 759,7 8 22,1 22,1 8 7,86,75 7,86, , 167, 1,228,151 1,22,15: 9,91,522 TOTAL UPPLiE OLD Less thn three

52 1 TATITIC OF FARMER COOPERATIVE Prt II Frm Products Mrketed by All ervice Associtions Number of vlue Interfl Business Net r uf products ssocition done in Minnesot hndled trnsctions other sttes hussuess ssocitions hndling units hndled dollrs,585,82 18,15,769,88,76 lb 17,595 2,21 cse 25,57 MINNEOTA BULLETIN 12 Petroleum products 8,979 nd uto supplies Gsoline 89,972 Kerosene nd fuel oil 12,9 Lubricoting oil 2,9 Grese Tires nd tubes Accessories nd ports Other uto snpplies Prodnction supplies Feed eeds Fertilizer Other crop supplies Mchinery nd implements Hrdwre Building mterils Miscellneous production supplies Generl merchndise dollrs Cool 7,6 9,69 7,629 Groceries Electricl pplinces Dry goods nd clothing TOTAL UPPLIE OLD dllrs 1,979,97, 12,99 2, 9,69,629 1,299,585,82 18,15,769,88 16,6 12,22 1,19 11,18,895 17,595 25,57,52,85,785 dollrs dollrs supplies Prsdoctioli Fenl eeds Fertilizer Other crop suppliess Hirdwre fury supplies Iloildiog mterils 512 cwt 7,88 cwt 6,99 ton 1,578,52 156,197 77,515 16,676 81, , Miscellneous production sopplies merchndise Geoerl Groceries generl merchndise 12 Other 25,21 129,86 82,87 2,865,17 12 Prt III Frm upplies old by Mixed Frm upply Associtions nterssocmtsou Number of ssocitions hndling vlue trnsctions Net units of supplies nd business upplies sold hndled hndled dune in other bosio 55 sttes dollrs 819,7tt gl 2,25 gl 6 6 1,979 gl frm products ebetedl dollrs dollrs dollrs uiry prod octs 5,855,8 lb 2,71,86 lh dried ttcr, shipped 95 flotierm i66 Mel nd hides ted porh nd scrps 9osc5 flidcs nd eggs pliry Qhichen5 dressed 27,25 27,55 lb lb 1 fggs, shell 12, ,68 2,7 1,98,2 2,57 5,266 cwt 18,21 1,259 cwt 6,29 1 s 588 ton 29,9 1 19, 21,167 1,21 7 t 77, , B 1,1 1,11 92, 81, ,779 2, , ,7 peooucrs,52 TOTAL MARKETED,856,22 2,57 thntlsree Prt Ill Frm upplies old by AU ervice Associtions Iuterssocitiou Nunber of units vlue trnsctions ssocitions bndied of supplies nd business 5spplies sid trnsctions Net hndling hndled done in other sttes Minnesot business dollts 1,578, ,595 16,676 81, ,21 1, 1,1,77 1,1,797 Less thn three Tble 91 Business of ervice Associtions Prt I ummry of Business for ervice Associtions Interssocition Type of business nd business Misnesst business dune other us business Net, sttes TOTAL,856,22 P5UCT5 MARKETED TOTAL UPPLIE OLD TOTAL snsvtces PE5PO5MED 71,1 71,1 7,9 2,82,51 25,21 129,86 82,87 2,86517 T5TAL UPPLIE OLD Less thn three dollrs 2,57,85,79 2,865,17 2,865,17 GRAND TOTAL 7,62,782 2,57 7,6,25

53 rentls terlng nd smoking, locker lug housing clening nd chinery serv sions nd services Trucking 9,,, 97,7 Commodity type Locker lugh wrpping, curing, Truck Wre Grin grinding nd m ttion Commis Rentls Feed Auto Tble 92 Frm Business ervices Performed by Commodity Type Continued Cutting, Grinding, Number of ssocitions performing services Vlue of services performed freezing etc sem ices mixing repir ices other diry 551,81 66,827 29,2 27,77 99, 2,2, ,269,69 19,825 9,81 6,262 9,172,51,9 Butter 1,968, ,915 19,89 721,7 1,29,787 1,269 26,672 7,28 21,79 22,17 2,259,7o5 Mixed diry 6,861 9,82 5,595,5 8, ,59 2,57 19,825 2,17 86,61 26,915 Vegetbles,11 7,625 81,766 Grin, ,668 6,69 81,92 1,,879 25,86 56,22 9,122,88 95,21 11,89 269,98 uto supplies 7,67,z8 11,2 165,28 l,52 2,895 1, 227,66 9,96 28,8s 88,9 Production supplies 9,612 11,7 1, , , ,797 Frozen food lockers 91,52 19,29 85,227 1,29 25,998 1,2 8, ,92 GRAND TOTAL 7,966 98,96 2,226 9, ,9178 1,55,551 27,5 525,5 15,981 27,8 215, ,752 Livestock ,751 1,15 215,51 Mixed supplies (798,275 2, ,165 Miscellneous products ,597 Generl merchndise 21,7 9,999 2,76 1,5 5, ,29 7,27 17, ,78 16,11 Miscellneous services ,65 11,8 1 6,156 88,11 Cutting, Grinding, Feed Auto Poultry nd eggs 55,76 2,17 7, ,87 26,8 255,78 126,885 Milk nd crem 76,616 9,222 28,522, , , ,665 1,65 6, ,872 Cheese 6,56 7,926 1,282 2,96 8, ,72 97,5 Prt II Vlue of ervices Performed dollrs 2 2 TOTAL MRKETING TOTAL UPPLtE scellneous services TOTAL ERVICE F TOTAL MARKETING 61, 69,675, ,1,772 2,271,9 15,67 255,75 87,116 28,97 1,189 2, ,76 6,7,2 TOTAL UPPLIE 29,21 9,999 2,6 1, ,122 1,81 1,978 8,8 11, ,29 12,7 95,516 1,2,9 TOTAL ERVICE 91,52 19,29 85,227 1,29 25,998 6,962 2,65 11,8 1 85,67 71,1 Figures include services performed in other sttes Petroleum products nd GRAND TOTAL Trucking 1 8 Frozen food lockers nd uto supplies Generl merchndise Petroleum products nd Production supplies Mixed supplies Miocollneous products Poultry nd eggs Grin Livestock I Vegetbles 2 5 diry 18 1 t Cheese Milk nd crem Butter Mixed diry Commodit type rentls tering nd smoking, locker ing housing clening nd chinery services sions nd services Locker lugh scrpping, curing, Truck Wre Grin grinding nd m ttion Commis Rentls freezing etc services mixing repir other Prt I Number of Associtions Performing ervices Tble 92 Frm Business ervices Performed by Commodity Type

54 5 COOPERATIVE 17 TATITIC OF FARMER 16 I MINNEOTA BULLETIN 12 from the physicl quntities reported prices previling in the fiscl 5od period Procedure nd Terminology COLLECTING AND RECORDING DATA electing nd Trining Enumertors Eight men were employed s enu mertors for the survey, ech of whom ws either recent grdute or n d vnccd student t the University of Minnesot They were selected on the bsis of trining in ccounting nd g riculturl economics Ech mn ws Collection of Dt gecording nd Tbulting Dt The dt on the schedules were URVEY of Minnesot frmers coopertives ws con given were given severl dys instruction in pur poses nd procedures, nd one dy of field work under the direction of n experienced enumertor Ech mn ws supplied with survey mnul to mke the method of enumertion s uniform s possible Loction of Coopertives A list of coopertives locted in ech county ws compiled from ddress lists obtined from the Coopertive Re serch nd ervice Division of the Frm Credit Administrtion; the Divi sion of Coopertive Accounting of the Minnesot Deprtment of Agriculture, Diry nd Food; nd the Minnesot Assocition of Coopertives Ech enu Ech coopertive included in the sur vey ws visited by n enumertor, Much of the descriptive dt ws ob mertor ws ssigned generl re to cover nd supplied with county lists of coopertives for tht re Further informtion ws obtined from county gents nd mngers of coopertives visited If doubt existed s to the co opertive sttus of firm, schedule ws completed nd the cse reviewed lter tined in interviews with mngers nd bord members Wherever pos sible, orgniztionl dt were tken from rticles of incorportion nd by lws, nd finncil nd opertionl dt were tken from records nd udit re ports Additionl informtion ws ob tined from other sources in some cses The dt were collected for fiscl yers ending between April 1, 199 nd Mrch 1, 195 in nerly ll cses The period used for grin ssocitions ws Jnury 1, 199 to December 1, 199 Processing the Dt Completed schedules were brought in from the field for checking t regu lr intervls during the survey They were given rpid review for omis sions nd obvious errors, nd the enu mertors were sent bck for ddi tionl informtion whenever necessry Where copies of udits or nnul stte ments were obtined, mny of the dt were left to be filled in fter the enu mertion ws completed After ll vilble dt were entered in the schedules, they were checked crefully for inccurcies nd inconsistencies Dt qn physicl quntities were not vilble in some cses, nd these were estimted on the bsis of dt reported by other ssocitions In few cses dt were lcking on vlues of prod numericl codes, nd the codes ducted during the summer of 195 by the Division of Agricul T HE recorded on ccounting crds for turl Economics of the University of Minnesot tbultion The elimintion of mchine errols of coding nd recording ws ccomplished by system of crosschecks All of the dt were mchinetbulted TERMINOLOGY UED Loction Ech ssocition ws clssified by the county in which its min office ws locted Counties were grouped by Associtions were clssified s serv 1ypcoff1mthg res ccording to the np used by the Division of Agricul turl Economics, except tht Mrshll nd Polk Counties were plced en tirely in re seven (figure ) Commodity Type The clssifiction by commodity type ws bsed on the vlues of vrious types of commodities hndled nd services performed imilr commodi ties were grouped together in mking this clssifiction In most cses, the commodity group rnking first in vlue ws used Where no single group c counted for s much s per cent of the totl, more generl clssifiction, such s mixed diry, ws used If the lrgest single commodity group com prised less thn 5 per cent of the totl receipts while different generl type mounted to 5 per cent or more, the ice wherever services comprised the min source of gross mrgins Com prisons on the bsis of totl receipts did not reflect the true nture of the i generl type ws used for clssifiction Thus, n ssocition where receipts FIG C Typeoiirming res in Minneot were per cent from petroleum prod ucts nd 6 per cent from vrious diry products ws clssified s mixed diry ssocition ucts hndled, nd these were estimted business of such ssocitions Two mis cellneous groups were included in the clssifiction Miscellneous products included wool mrketing ssocition, n lflf dehydrting ssocition, nd seed mrketing ssocition Miscel lneous services included two wre housing ssocitions, frm mchinery repir ssocition, nd home service ssocition which instlled insultion, wetherstripping, nd heting equip ment Type of Affilition A double clssifiction ws used which involved the type of member ship in ech ssocition nd its mem bership in other coopertives Associ tions whose members were nturl persons were clssified s locls while those hving other coopertives s members were clssified s federtions