Commission advises agricultural cooperatives it has no objection to proposed purchase of country elevators of…
74 F.T.C. 1661 · Aug. 27, 1968 · Digest No. 279
source volume section (74 F.T.C. 1661)
Text is machine-OCR of the printed volume and may contain errors. Advisory opinions are the Commission's views on proposed conduct, not binding orders.
No. 279. Commission advises agricultural cooperatives it has no objection to proposed purchase of country elevators of financially-troubled direct competitor.
The Commission issued an advisory opinion to agricultural cooperative applicants who wish to acquire several country elevators of a financially-troubled direct competitor. The applicants are a statewide federated agricultural association and affliated local farmer cooperatives. Applicants, and the company with the operating plants sought to be acquired, purchase farm products from growers and resell the partially processed products to further processors, canners and other intermediate distributors. The state organization offers to help the financial1y-troubled company by furnishing technical assistance on a contract basis in the farm supply and commodity marketing area to help the company in continuing to be an important factor in a particular industry. Individual market shares of the cooperatives are reported to be small. The Commission advised the applicants it has no objection the proposed acquisition of some of the assets of the financially- 1662 FEDERAL TRADE COMMISSION DECISIO!,S
troubled competitor. (File No. 683 7154, released Aug. 27 , 1968.