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Abstract

Agricultural cooperatives participate in joint ventures or establish subsidiaries to accomplish various objectives, such as scale efficiency, to improve market access, or to share capacity and expertise. The limited liability company (LLC) is the form of business organization most frequently used by cooperatives to establish joint ventures and wholly-owned subsidiaries. Cooperatives participate in joint ventures with other cooperatives and non-cooperatives. Cooperative ventures are related to, or value-added extensions of, their core businesses.

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