Some of the material in this chapter is taken from a publication of mine entitled “Cooperative Finance and Equity Management,” which is available at http://tinyurl.com/y88n2k4e.
I am indebted to David Barton for an introduction to cooperative accounting and finance as I began my academic career. In addition, I have benefited from conversations with Phil Kenkel on various accounting and finance issues. A number of people have written on this topic over the years, and a literature review can be found in “Overview of Research on Cooperative Finance,” Journal of Cooperatives 27(2013):1–14, which is written by David Barton and myself and available at http://tinyurl.com/yc7xunzl. Jim Baarda, David Barton, David Cobia, Don Frederick, and Phil Kenkel have written widely about equity management and finance decisions by a board.
While the relationship of cooperative principles to legal and tax statutes has been widely discussed by many cooperative thought leaders, Jim Baarda and Don Frederick have written the most in this area. An example of tax treatment summary may be found in Don Frederick’s “Income Tax Treatment of Treatment of Cooperatives,” U.S. Department of Agriculture Rural Business Services Cooperative Information Report 44, Part I, which can be found at http://tinyurl.com/y8peseg6.
Thanks to Dan Sumner and Jeremy Murdock at the University of California, Davis, for clarifying which types of olives were alternate bearing.