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Number 3 



March, 1930 



Volume A 



Soybean Marketing • 



Ass'n. Is Gro'wing 



Membership Exceeds 1700 Latest 

 Reports Show 



MORE than 1700 members who pro- 

 duce annually an estimated 1,200,- 

 000 bushels of soybeans now hold member- 

 ship in the Soybean Marketing Association 

 according to latest information received 

 from John W. Armstrong, president of the 

 recently organized co-operative. 



The Association numbers among its 

 members nearly all of the larger growers 

 of beans in the central Illinois counties. It 

 has not entered into any contract to sell 

 the 19}0 crop but will do so at the proper 

 time. . 



Unsettled Market 



Unsettled market conditions and the 

 uncertainty of what action congress will 

 take in protecting growers with a higher 

 tariff on scfybean oil imports have left many 

 growers in a quandary over probable plant- 

 ings this spring. Agricultural extension 

 officials at Urbana are advocating a reduc- 

 tion in soybean acreage for 1930, Similar 

 advice is being handed out by government 

 experts for wheat, corn, poultry, dairy 

 products, livestock, and what not, 



"What would they have us do, sow the 

 farm to grass and go fishing," commented 

 one man. "We might enjoy loafing for a 

 while but I'm afraid we could not pay our 

 rent, taxes, and interest and make a living," 



If a substantial tariff is voted on soy- 

 bean oil, the market situation may look en- 

 tirely different, particularly if the flaxseed 

 crop from which linseed oil is obtained, 

 happens to be light again. In such case, 

 the grower with the granary full of beans 

 may realize a handsome profit. 



The total production of oleomargarine for 

 1929 was as follows: colored, 14,3)1,877 lbs.; 

 uncolored, 3)8,14),072 lbs., making a total of 

 a little more than 3 52,000,000. This is an in- 

 crease of U per cent over last year's figures, 

 and is 110,000,000 pounds more than was 

 manufactured in 1926. 



These figures are from the Internal Revenue 

 Department at Washington from which we 

 learn the exact volume manufactured. What- 

 ever volume is manufactured in a given year 

 is alto consumed, as the product does not keep 

 for any length of time. 



More than 90 per cent of the fats in one 

 popular brand was an imported vegetable oil. 



Working At It 



To build a modem sales orcanization 

 of our own for our extensive manufac- 

 taring business, farm production, is 

 the Job that lies before orsanized 

 fanners everywhere. We are wiH-king 

 at it in Illinois and with the support 

 of thinking producers we will succeed. 



Advisory Committees 



Announced For 1930 



The following sub-committees were se- 

 lected to work in conjunction with the I, 

 A. A. Board of Directors in 1930, 



Finance Committee 

 A, R, Wright, Varna 



A, N, Skinner, Yates City 

 M. G. Lambert, Ferris 



Organization Committee 



C, E, Bamborough, Polo ' '■. 

 Frank G. Oexner, Waterloo ' 



W. A. Dennis, Paris - " ■ 



B, W. Tillman (Farm Adviser), Belleville 



Marketing Committee 

 Sam Sorrells, Raymond 

 Geo. J, StoU, Chestnut 

 W, L, Cope, Salem ■ • ! ., 



H. C, Vial, Downers Grove ■.■•.■ 



C, E. Gates (Farm Adviser), Ottawa 



Public Relations Committee 



Charles Black, Jacksonville 



C. J. Gross, Atwood 



Geo. B, Miiller, Washington 



G. H. Iftner (Farm Adviser), Effingham 



Financial Business Service 

 Committee 



Geo. F, Tullock, Rockford ';• ~ 

 Fred Dietz, DeSoto 

 Chas, L, Scott, Grayville 

 W. H. Coultas (Farm Adviser), Bloom- 

 ington .-.._ :_ ■ 



Uphold Secretary 



The U. S. Supreme Court recently upheld 

 the right of the Secretary of Agriculture to pre- 

 scribe rates for buying and selling livestock at 

 public stockyards. The lirigation arose from 

 an order by the Secretary of Agriculture in 

 November, 1926, announcing the maximum 

 commission charges for handling livestock at 

 the Omaha stockyards. The Supreme Court 

 decided that the rates prescribed were reason- 

 able as well as legal. 



111. Grain Corporation 



Begins Signing Elevators 



New Regional Now Receiving Appli- 

 cations For Membership 



Bulletin: Following the approval 

 of application forms on Mar, 3, di- 

 rectors of the Shirley Farmers Grain 

 and Coal Co., and the Towanda Grain 

 Co., on Mar. 4, voted unanimously to 

 apply for membership in the Illinois 

 Grain Corporation. The Stanford 

 Grain Co., one of the largest and 

 strongest farmers' elevators in Illi- 

 nois, took similar action on Mar. 5. 

 As we go to press inquiries from 

 many counties indicate that this list 

 will be substantially augmented by 

 the time this issue is delivered 



Applications for membership in the 

 ±\. Illinois Grain Corporation, new re- 

 gional co-operative to represent Illinois 

 grain producers in the national marketing 

 system are now being received at the new 

 co-operative's tem- 

 porary headquarters, 

 608 So, Dearborn 

 St., Chicago. G. C. 

 "Lyle" Johnstone of 

 Bloomington is presi- 

 dent of the corpora- 

 tion, and J. C. Sailor 

 of Cissna Park, vice- 

 president. These men 

 and John Stout of 

 Chatham, E. E, Ste- 

 venson of Streator, 

 and Geo, J. Stoll of Chestnut comprise the 

 executive committee. 



Under the new grain tnarketing plan 

 endorsed by the Farm Bureaus and the Illi- 

 nois Agricultural Association, local farmers, 

 elevators are expected to purchase a nom- 

 inal amount of stock in the Illinois Grain 

 Corporation known as the "regional" which 

 in turn will buy stock in the Farmers Na- 

 tional Grain Corporation. 



The Farmers National requires that the 

 Regional subscribe for $100 par stock equal 

 to the average amount of grain handled 

 annually by the state or regional organiza- 

 tion on a basis of one cent per bushel. The 

 Ic per bu, investment is made only once, 

 that is, if the Illinois Grain Corporation de- 

 livers 25,000,000 bu. of crtin In a year to 



C C, Johnstone 





