Farmers' Cooperation

Farmers' Cooperation

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ... 4.6 per cent on the average paid-up capital of $10,600. If 6 per cent had been paid, the trade dividend would still have been $880 per store. TABLE XXI Volume Of Business Reported By Cooperative Stores, 1917 The gross profits of $9,567 per store were 13.3 per cent of the gross sales, the total expenses were 8.4 per cent, and the net profits 4.9 per cent. The gross profits of 20 selected stores in 1913 were 14.4 per cent of gross sales, and in 1914, 16 per cent. Expenses were 10.8 per cent and 11.8 per cent in 1913 and 1914 respectively, and net profits 3.5 and 4.3 per cent. Altho expenses per store were $1,446 more in 1917 than in 1913, the percentage of expenses to gross sales was 2.4 less. The reason for this was of course the higher prices in 1917. Net profits were 1.4 per cent higher than in 1913. As a result, 69 per cent of the stores paid stock dividends in 1917 and 52 per cent paid trade dividends, as compared with 55 per cent and 38 per cent, respectively, in 1914. All but 21 per cent of the stores paid some kind of dividend and all but one made profits. Apparently the cooperative stores prospered in 1917. They prospered also in 1913 and 1914, but not so greatly as in 1917. There can be no doubt that cooperative stores have been of considerable benefit to the farmers of Minnesota. It would be hard to find an equal number of privately owned stores, taken at random, that do business more efficiently or make larger profits than this group of cooperative stores. However, it is a business that has many difficulties for the inexperienced, and more attempts at cooperation fail in this field than in any of the others thus far discussed. Probably farmers are all the while learning better how to manage cooperative stores. At least, in 1913...show more

Product details

  • Paperback | 26 pages
  • 189 x 246 x 1mm | 68g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236912659
  • 9781236912657