Richards, Timothy J.; Manfredo, Mark R. - In: Agricultural Finance Review 63 (2003) 2, pp. 175-192
During the 1990s, the rate of consolidation among agricultural cooperatives, including mergers, acquisitions, strategic …‐owned firms, this has not been the case for agricultural cooperatives, primarily because these firms do not have an explicit … cooperatives to engage in these activities is to circumvent capital constraints. Furthermore, the decision to merge and financial …