Studies in the Marketing of Farm Products

Cover Studies in the Marketing of Farm Products
Studies in the Marketing of Farm Products
Louis Dwight Harwell Weld
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There are certain points of importance that will be touched on here. First, there ought to be a "one vote for each member" clause. That is, each member should have the same power in meetings. This is to keep the power from centering in one or a few of the large stock- holders, and also to help keep up the interest of all the members. Provision should be made for an adequate reserve fund. This fund will be very helpful in meeting unexpected expenses that may be incurred, thereby giving the assoc...iation greater financial stability. It will obviate the necessity of levying assessments on shareholders in order to meet such expenses and deficits. Levying assessments is the surest way of killing off the interest of farmers in a cooperative association or, it may be added, of anybody in any kind of an enterprise. The manner of dividing the profits should be provided for in the by-laws. The profits may be paid out in the form of stock dividends, patronage dividends, (i. E. , according to the amount of business contributed by each patron), or a combination of the two.

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