66 
BULLETIN 1266, U. S. DEPARTMENT OF AGRICULTURE. 
try is covered by three such central associations, but each operates in 
its own territory; Jutland Peninsula, Zealand, Laaland, Falster, 
Bornholm Islands, and the Island of Funen. 44 There is another 
smaller cooperative purchasing association of feedstuil's operating 
in Ringkobing County (Amt) in western Jutland. These four co- 
operative associations buying feeds now purchase and distribute 
between 45 and 50 per cent of Denmark's annual import of feedstuffs. 
Jutland feed supply association. — The Jutland Cooperative Asso- 
ciation for the Purchase of Feeding Stuffs (Jydsk Andels-Foderstof- 
forretning, Copenhagen), which operates on the Jutland Peninsula, 
is the first and largest of its kind in the Kingdom. It was started 
in 1898 with 68 local associations and the first fiscal vear had a turn- 
over of 26,234.740 pounds of feeds at a value of 1,100,000 kroner. The 
central association now comprises 818 local associations and during 
the last fiscal year (1922-23) delivered 573,884,000 pounds of feeds, 
which amounted in value to 65,790,000 kroner. (See Table 10.) 
Table 10. 
-The Jutland Cooperative Association for Purchase of Feeding Stuffs. 
Membership and business, 1898-1923. 1 
Member- 
ship. 
Feedstuffs delivered 
to local associations. 
Year beginning 
June 1. 
Member- 
ship. 
Feedstuffs delivered 
to local associations. 
Year beginning 
June 1. 
Number 
of local 
associa- 
tions. 
Million 
pounds. 
Value in 
dollars. 3 
Number 
of local 
associa- 
tions. 
Million 
pounds. 
Value in 
dollars. 3 
1898-99 
68 
249 
587 
745 
821 
848 
26 
232 
351 
646 
576 
M6 
294, 800 
3, 242, 000 
5, 038, 000 
17, 950, OCO 
19, 930, 000 
2, 190, 000 
1918-19 
842 
836 
875 
895 
818 
13 
262 
395 
509 
573 
770,000 
1905-6. 
1919-20 
10, 490, 000 
1910-11 
1920-21 
11, 510, 000 
1915-16 
1921-22 
12, 040, 000 
1916-17.. 
1922-23 
13, 280, 000 
1917-18 
1 Sources: The annual reports issued by Jydsk Andels-Foderstofforretning, Copenhagen. 
2 Note: The submarine warfare in 1917 and 1918 cut off Denmark's normal import supply of feedstuffs. 
3 Converted at par of exchange prior to 1914; subsequently at prevailing average rates of exchange as 
quoted by Federal Eeserve Board 
In the last fiscal year (1922-23) i 45 the largest quantity of one 
article handled by the Jutland association was 150,000,000 pounds of 
mai^e, all imported, or 26.1 per cent of the association's volume of 
feeds handled. This also constitutes 15.6 per cent of the total volume 
of maize imported into Denmark for feeding purposes. Cottonseed 
cake is next in importance, 107,000,000 pounds, or 20 per cent of the 
association's turnover. 
The central association owns nine warehouses, together with large 
reserve funds. During the first 22 years the central association had 
a surplus each year, of which a part (at least one-third) was re- 
tained in reserve funds and the remainder was returned to members 
in proportion to their purchases. The first and only loss occurred in 
the fiscal year 1920-21, when the central association lost 5,900,000 
kroner ($948,449 at exchange), which was covered by its reserve 
funds. The drop in prices when large supplies were in warehouses 
11 Jydsk Andels-Foderstofforretning, main offices, Copenhagen. Oernes, Andelsselskab for 
Indkoh of Foderstoffer, main offices, Copenhagen, Fyns Andels-Foderstofforretning, main 
offices, Svendl kh'k. 
"Annual Report for Jydsk Andels-Foderstofforretning fra 1, June 1022 til .'U Ma.j 1928, 
