Financial Profile of Dairy Cooperatives, 2002

摘要

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