The Situation of Member Cooperative Following the Financial Failure of the Northeast Dairy Cooperative Federation, Inc. (NEDCO)

Abstract

This study attempts to describe the impact of NEDCO's failure on NEDCO member cooperatives and gain a better understanding of the current position of those cooperatives. The study does not attempt to analyze the reasons for NEDCO's failure nor to describe the specific events leading up to a particular cooperative’s decision to terminate membership or dissolve. These questions are beyond the scope of the current study. With bankruptcy proceedings currently underway, the final results of NEDCO's financial failure are not yet known.