Excerpt from Integrated and Related Operations of the Central Carolina Farmers Exchange Vertical integration means taking one or more products through more than one stage in production and marketing or both. The farmer who sets up a roadside retail market or who delivers milk as a producer-distributor has achieved 100 percent integration in his marketing operations. He has full con trol of all his production and buying activities. The cooperative that proc esses the farmer's products and through wholesaling or retailing operations moves them closer to the point of con sumption is integrating its operations vertically. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.