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Abstract

The American Institute of Cooperation at its first summer meeting in Philadelphia in 1925, devoted many hours to a consideration of the definition of agricultural cooperation. Even at that time cooperative associations had been described, if not defined, by federal legislation. The Bureau of Internal Revenue, the War Finance Corporation and the Intermediate Credit Banks, had also been compelled on numerous occasions to decide whether or not a particular association was entitled to the privileges accorded cooperatives. A determination of the nature of a cooperative was implied in the standard marketing acts adopted in nearly all of the American states. It is significant of the difficulty of finding a definition universally satisfactory, that the first general counsel of the Farm Board in its report upon. retirement, 1929, stated that a fruitful subject of further research was the nature and definition of a-cooperative association.

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