Profitability drivers of farmer cooperatives: a Dupont model analysis

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Show simple item record Hines, Christopher A. en_US 2014-04-25T16:25:29Z 2014-04-25T16:25:29Z 2014-04-25
dc.description.abstract “Skyscrapers of the plains” is a term which refers to the country elevators spread throughout Kansas and the Midwest, along with the elevators are farmer cooperatives. Farmer cooperatives have been around for more than a century to serve the area farmers as a place to store and market their grain and to purchase their farm inputs. The objective of this research is to identify key profitability drivers of farmer cooperatives of different sizes throughout time. This will be done by using a unique data set gathered from the CoBank’s RiskAnalysis database and examining it with the DuPont model. The project breaks down the data by size, large vs. small, and location. If a cooperative has done more than 100 million dollars in sales in 2010, it was classified as large for the entire time period, all other cooperatives were small. Location was either Kansas or Midwest. In this model, operating profit margin or earns, asset turnover ratio or turns, debt-to-equity ratio or leverage, and spread are examined. Also examined are Return on Assets, the operating performance, and Return on Equity, the financial performance, of the cooperative. Board of Directors and cooperative managers will be able to take this information and hopefully make decisions which make their respective cooperatives more profitable. With the information provided, cooperative managers and Board of Directors will be able to financially compare themselves versus other cooperatives of similar size whether they are in Kansas or in other Midwestern states. en_US
dc.language.iso en_US en_US
dc.publisher Kansas State University en
dc.subject cooperative en_US
dc.subject dupont model en_US
dc.subject finance en_US
dc.subject profitability en_US
dc.title Profitability drivers of farmer cooperatives: a Dupont model analysis en_US
dc.type Thesis en_US Master of Agribusiness en_US
dc.description.level Masters en_US
dc.description.department Department of Agricultural Economics en_US
dc.description.advisor Brian Briggeman en_US
dc.subject.umi Economics (0501) en_US
dc.subject.umi Economics, Agricultural (0503) en_US
dc.subject.umi Economics, Finance (0508) en_US 2014 en_US May en_US

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