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Farm Co-Ops Refuse Cash for Patronage Stocks
Ohio farmers report Ashland County and neighboring co-ops will not redeem patronage certificates for cash or debt payments. Officials insist stock is unredeemable or pursued in blocks, sparking accusations of a shell game and tax avoidance. Resnick cites insurers of profits and calls for scrutiny of co-op tax-exempt status and practices.
MENTIONED IN THIS ARTICLE
North American Newspaper Alliance
Washington
James ‘Troxel
Savannah
Ohio
Ashland County Farm Bureau Cooperative
Troxel
Sandusky
Huron County Farm Bureau Cooperative
Co-op, Inc
SS Ae
Joseph Y. Resnick
D-N.y
Resnick
Internal Revenue Service
Ohio State Farm Bureau
LRS
H. L. Clever
Ashland County Farm Bureau Cooperative Association
Farm Bureau
Virgil L. Cox
Farmers Bank of Ashland
Bank