MISS LARGE 

 Offict Secretary 



(Continued from page 13) 



a. 



Exchange received an average of i8 2'5 cents |)er lb. 

 for seed handled and was enabled to pay a net return ' 

 to the member growers of i6 i'5 cents per lb. These 

 figures indicate clearly what a tre' 

 mendous influence the red top pool 

 has had in raising the average price 

 level for seed. 



Membership Campaign 

 Begins Feb. 3 



SPECIAL membership cam' 

 paign has been authorized by 

 the board of directors of the Ex' 

 change beginning February 3 and 

 will be intensely carried on for two 

 weeks. A. B. Gulp of the Organization Department 

 d the Illinois Agricultural Association will manage 

 the campaign with headquarters at Flora. Manager 

 Culp will have a trained assistant in every county in 

 the red top territory to assist in organizing and carry 

 ing on the campaign. The County Farm Bureaus will 

 co'operate. Bankers and business men in the terri' 

 tory have promised their co-operation because an 

 organization controlling 65 per cent of the crop will 

 in normal years bring at least $500,000 more money 

 ^to these counties. The objective of the campaign 

 is 5,000 members with a sign-up of 75 per cent of the 

 crop. 



!/The new marketing agreement that has been adopt- 

 ed by the board of directors requires no membership 

 fee. No subscriptions of stock will be solicited. Each 

 grower signing a membership agreement will be issued 

 one share of common stock. 



Active Growers On Board 



THE new board of directors is composed of active 

 growers representing every important section of 

 tne red top seed territory. The directors shown in the 

 group picture presented herewith are: John Rogier, 

 Patoka, president; J. M. Luse, Flora, vice-president; 

 C. L. Palmer, Noble; C. F. Sanders, Dix; T. F. Farmer, 

 Cisne; P. W. Warner, Salem; Geo. McElyea, Louis- 

 ville; J. O. Goen, Olney; Clarence Barnard, Johnson- 

 Ville; and W. L. Outhouse, Patoka. 



\ Curt Anderson of Xenia has been the secretary and 

 manager of the Exchange since its organization and has 

 done splendid work for the co-operative. The elec- 

 tion of a new board of directors at the first annual 

 meeting under the reorganization will be held at 

 Flora soon after the membership campaign. 



j The Illinois Agricultural Association has a keen 

 interest in the success of the Exchange. It is ready to 

 assist in the special membership campaign and help it 

 in every possible way. Curt Anderson has tendered 

 his resignation as manager but the selection of a new 

 manager will probably be postponed until after the 

 annual meeting. 



Warehouse at Flora where pooled Red Top Seed is cleaned and 

 stored pending sale and shipment. 



Can Raise Price Level 



THOSE \vho have studied the possibilities of the 

 red top seed organization believe that the price 

 level for seed can be raised several cents per lb. to the 

 grower over the price level of the last five years if a 75 

 per cent sign-up of the crop is maintained. 



The red top association will be prepared to have 

 available cleaning and warehousing facilities through- 

 out the territory for handling the 1930 crop. AH 

 growers will be asked to sign the new marketing 

 agreement. Any grower who signs the new agree- 

 ment will be relieved from his obligations under the 

 old contract. The new agreement will not free the 

 Exchange from closing out the pool of 1929. This 

 pool will be closed out as soon as possible and an 

 accounting made to all members. 



Under the new agreement the board of directors of 

 the Exchange can adopt a crop or seasonal pool at the 

 option of the grower. The plan of marketing will be 

 as flexible as possible to accommodate itself to the 

 choice of each producer. 



Farm Board Aids 



THE Egyptian Seed Growers' Exchange is the first co-operative 

 in Illinois to be recognized by the Federal Farm Board with 

 financial aid. A loan was authorized whereby an additional ad- 

 vance of two cents per lb. is made possible to the grower. This 

 means that a total of nine cents per lb. will be advanced since seven 

 cents had already been authorized by the intermediate credit bank. 

 The fact that the producer can now secure a loan of appiroxi- 

 mately 80 per cent of the value of his red top and still retain an 

 equity in it until the end of the pool year leaves little argument for 

 any producer to remain outside the pool. In other words, it is 

 now possible for him to have the use of the greater share of the 

 money due him on his red top and still gives him the added advan- 

 tage of merchandising his crop effectively for the highest possible 

 return. 



An Opportunity 



THE campaign to organize a powerful co-operative handling a substantial 

 majority of all the red top seed produced in the territory is an oppor- 

 tunity for all growers in this area to stabilize prices, control surplus, market 

 orderly, and insure a fair return. 



The first annual meeting after the reorganization will probably be held 

 early in March. New officers and directors and management will be chosen. 

 Every grower signing an agreement is entitled to attend the meeting to be 

 called, and vote. 



The fact that approximately 90 per cent of the world's supply of red top 

 seed is produced in this limited and contiguous territory of Southern Illinois 

 means that conditions never were better for the success of a co-operative 

 having a majority of the crop under contract. 



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