The Farmers Association Act Article 40

After the annual final accounts of a Farmers’ Association, the surpluses from each type of business, minus the allocation of reserves for each business, shall be allocated to the total surplus of the Farmers’ Association.The total surplus of the Farmers’ Association, minus coverage of past loss, shall be distributed in accordance with the following provisions:1.Fifteen percent (15%) shall be allocated to the statutory reserve.2.Five percent (5%) shall be allocated to the public welfare fund.3.Not less than sixty-two percent (62%) shall be allocated to agricultural extension, training, and cultural and welfare activities.4.Eight percent (8%) shall be allocated to the expenses related to agricultural extension, mutual assistance, and training between Farmers’ Associations at various levels.5.Not more than ten percent (10%) shall be allocated as remuneration for directors, supervisors, and staff.Regulations for the custody and utilization of the statutory reserve as referred to in Subparagraph 1 of the preceding paragraph, the public welfare fund as referred to in Subparagraph 2 of the preceding paragraph, and the expenses as referred to in Subparagraph 4 of the preceding paragraph, shall be prescribed by the central competent authority.The ratio of the surplus from each type of business required to be allocated as reserve for that business, as referred to in Paragraph 1, shall be determined by the central competent authority in consultation with the central competent authority of each subject business.