Cooperatives and Commodity Market Pools
Pooling is another activity which is peculiarly cooperative in nature. It is done by a group of producers for a common purpose-individuals do not engage in this activity. It reflects the amount of patronage of each producer included in the pool. It is democratically run, since pools are usually run by cooperatives for their members and are, in most cases, subject to the one person-one vote principle. Costs are shared on the basis of the contribution of each, and the costs and returns are based upon the patronage of each as reflected by the amount of product of each producer in the pool.
KeywordsGood Price Potential Buyer Market Specification Capital Fund Reduce Transaction Cost
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- Dunn, J. R., Thurston, S. K., and Farris, W. S. 1980. Some Answers to Questions about Commodity Market Pools. Circular 509. Purdue University-Extension, Lafayette, IN.Google Scholar
- U.S. Department of Agriculture, FCS. 1971. Implications in Coordinating Activities of Bargaining Associations. FCS Information 63.Google Scholar