Factors influencing the profit and choice of agribusiness for agricultural cooperatives in Thailand

Abstract

Many agricultural cooperatives in Thailand do not conduct agribusiness and face declining profits. Therefore, this study examined the factors influencing their profit and agribusiness choices. The results reveal that operating capital, the presence of a trading business and average payback positively affect profit. In contrast, the number of cooperative members and the number of staff members have a negative effect on profit. In addition, the number of members, the presence of a manager, the presence of a cooperative office and the ability to raise funds have a significant positive impact on the likelihood of conducting trading and compilation businesses.