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Abstract
This paper examines the profitability of a balanced sample of 58 North
Dakota farm supply and grain marketing cooperatives over the period 2003–
2007. Our findings reveal that increased liquidity tended to allow farm
supply cooperatives to operate more efficiently, but reduced the efficiency of
cooperatives which provide farm supply and grain marketing services. These
results suggest strategies for cooperatives during times of illiquidity and
other credit constraints for achieving profitability objectives.