Managerial Compensation in Midwestern Cooperatives: Results from a Follow-up Study

Results are presented from a follow-up survey of managerial compensation practices in local farm supply and marketing cooperatives in Minnesota, North Dakota, and Wisconsin. In contrast to findings from the original survey, total compensation levels, bonuses, and changes in compensation are all found to be positively and significantly associated with local net margin and not closely related to sales and sales growth.Agribusiness,

Economics of Dockage Removal in Barley: Background, Cleaning Costs, Handling, and Merchandising Practices

Marketing,

Impacts of Alternative Policies Regulating Dockage

Agricultural and Food Policy, International Relations/Trade,

MANAGERIAL COMPENSATION IN MIDWESTERN COOPERATIVES: RESULTS FROM A FOLLOW-UP STUDY

In the 1995 issue of the Journal of Cooperatives, Trechter and King reported findings from a survey of managerial compensation practices in Minnesota and Wisconsin cooperatives that was conducted in 1993. The results from that study indicated that overall compensation and bonuses received by general managers of local cooperatives were more closely associated with cooperative size measures than with levels of profitability. The results also suggested that there was not a strong relationship between compensation practices and cooperative performance, measured by return on assets. A follow-up compensation survey was conducted in 1994. The study population was expanded to include local cooperatives in North Dakota, along with the Minnesota and Wisconsin cooperatives that responded to the first survey questionnaire. In addition, new questions were added to the survey to elicit information on the use of specific cooperative performance targets in settings where there were no explicit incentive clauses in the manager's contract. Finally, collecting compensation data for a second consecutive year made it possible to analyze factors associated with changes in compensation levels. Results from this follow-up survey are reported here. In the sections that follow, data collection procedures are first briefly summarized. Then findings regarding compensation levels and changes in compensation performance are presented

Economics of Regulating Wheat Cleanliness

Farm goods are graded on their cleanliness by percentage of various contaminants found in samples of agricultural product. Less garbage, better USDA rating and better price at the marketplace. Various aspects of the added costs of cleaning, exporting, importing and grading such are examined got both the US and other countries. Profitability is a consideration in determining the limit of cleaning processes applied to these farm products. The benefits can outstrip making a profit

Managerial Compensation in Midwestern Cooperatives: Results from a Follow-up Study

Results are presented from a follow-up survey of managerial compensation practices in local farm supply and marketing cooperatives in Minnesota, North Dakota, and Wisconsin. In contrast to findings from the original survey, total compensation levels, bonuses, and changes in compensation are all found to be positively and significantly associated with local net margin and not closely related to sales and sales growth