| Home > American Agricultural Economics Association (AAEA) > 1987 Annual Meeting, August 2-5, East Lansing, Michigan > CASH FLOW COMPARISONS OF TWO METHODS OF ALLOCATING COOPERATIVE PA TRON AGE REFUNDS |
Nonqualified allocations offer an alternative method of allocating patronage refunds. This paper compares patron after-tax cash flows from qualified and nonqualified allocations. Results suggest neither method is clearly superior. Because of tax timing differences, present values of cash flows from nonqualified allocations often are comparatively greater than nominal values.
