Navigating financial landscapes: An in-depth analysis of farmer cooperative performance in Bulacan, Philippines

Abstract

This study focuses on farmer cooperatives in Bulacan, Philippines, and examines their financial performance. The goal of the study was to identify the farmer cooperatives’ organizational profile, and financial performance, and to make recommendations that farmer cooperatives can utilize to sustain their operation. A descriptive research design was employed in the study using purposive sampling and a researcher-made questionnaire. Respondents to the study were selected based on the amount of their assets. Descriptive analysis tools used were means, percentage distribution, and frequency counts while in the financial performance analysis, the Philippine Cooperative Development Authority (CDA) Standards were used including profitability, operational strength, and operating efficiency. Financial data came from 2014 to 2018 submitted financial statements of the farmer cooperatives to the Philippine CDA. Most farmer cooperative members were female regular members with active membership in the mostly multipurpose type of farmer cooperative offering agricultural loans and credit. The financial performance analysis of farmer cooperatives in Bulacan reveals key insights into their profitability, operational strength, and operating efficiency. The findings indicate both strengths and areas for improvement, providing a foundation for strategic decision-making and interventions, necessitating a thorough examination of their financial strategies and operations. Strategic interventions, capacity building, and collaborative efforts can contribute to the sustainable growth and success of these cooperatives, ensuring they effectively serve the needs of their members and the broader agricultural community.