Excerpts from the report: This study is the first of a series which will cover general farm supply retail cooperatives operating under different conditions in various geographic areas of the United States. These studies will attempt to determine (1) the nature of and trends in credit used among local cooperatives handling a diversified line of supplies and equipment, and (2) practical policies and procedures for successfully controlling credit operations among such associations. This study covered eight local associations in Pennsylvania, Ohio, Indiana and Michigan. They were countywide associations affiliated with Statewide wholesale organizations and carried similar lines of production supplies. Several had one or more branch warehouses.