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Abstract
The objective of this research is to assess the financial performance of North
Dakota farm supply and grain handling cooperatives between 2002 and 2006.
Audited financial statements from 120 cooperatives were used. Various financial
variables are tested as determinants of profitability. Financial ratio analysis is used to
observe trends in liquidity, solvency, and efficiency. Comparisons in ratio trends are
made based on relative profitability. No statistical relationship is found between
business size and profitability. The most profitable North Dakota agricultural input
supply and grain marketing cooperatives were observed to have financial ratio values
distinct from less profitable ones.