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Illinois A^ctrltural Association 



RECORD 



Published monthlj by the Illlnott Acrlrultural Association at 404 North Wesl«r Afr. Mount Morris, III. Entered at second-class m.-itter at post-ofllre at Kfount Morris. 111.. 

 Oct. 20. 1925. under the Act of Mar. 3. 1879 Acceptance (or mailing at special rate of pusuge providtd In Section 412. Act of Feb 28. ItU. «u:har^ed Oct 27. 1»M. 



Number 3 



March, 1930 



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Soybean Marketing 



Ass'n. Is Growing 



Membership Exceeds 1700 Latest 

 Reports Show 



MORE than 1700 members who pro- 

 duce annu.illy an estimated 1,200,- 

 000 bushels of soybeans now hoW member- 

 ship in the Soybean Marketing Association 

 .iccording to latest information received 

 from John W. Armstrong, president of the 

 recently organized co-opcr.itive. 



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 soybean oil imports have left many 

 growers in a quandary over probible 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 olconurxarinc tor 

 1929 was as follows: colored, t4,Ul,877 lbs.; 

 uncolored, V<8,14.',072 lbs., makin.s .i total of 

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

 crease of 1 1 per cent over last year's figures, 

 and is 110,000,000 pounds more than was 

 manufactured in 1926. 



The>.e figures are from the Internal Revenue 

 IJcpartment at Washinjjton from which we 

 learn the exact \olunie manufactured. What- 

 ever volume is manufactured in a given year 

 n also consumed, as the product does not keep 

 lor any length of time. 



More than 90 per cent of the fats in one 

 pttpubr brand was an imported vc>;clable oil. 



Working At It 



To build a modern sales organization 

 of our own for our extensive manufac- 

 turing business, farm production, is 

 the job that lies before organized 

 farmers everywhere. We are working 

 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. Board of Directors in 19.30. 



Finance Committee 

 .\. R. Wright, Varna 

 .\. N. Skinner, Yates City 

 .\1. G. Lambert, Ferris 



Organization Committee 

 C. E. Bamborough, Polo , 

 Frank G. Oexncr, Waterloo' 

 W. A. Dennis, Paris 



B. W. Tillman (Farm Adviser), Belleville 



Marketing Committee 



Sam Sorrclls, Raymond 

 Geo. J. Stoll, 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. I.. Scott, Grayville j 



W. H. Coultas (Fai-m 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 litigation arose from 

 an order by the Secretary of Agriculture in 

 November, 192^, 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 jthe approval 

 of application forms on Mar. 3, di- 

 rectors of the Shirley Farmers Grain 

 and Coal Co., and the Tbwanda Grain 

 Co., on Mar. 4, voted unjanimously to 

 apply for membership in the Illinois 

 Grain Corporation. The Stanford 

 Grain Co., one of the largest and 

 strongest farmers' elevitors in Illi- 

 nois, took similar actioi|i on Mar. 5. 

 As we go to press injquiries from 

 many counties indicate that this list 

 will be substantially augmented by 

 the time this issue is delivered 



APPLICATIONS for membership in the 

 Xm_ Illinois Grain C^irpor. tion, new re- 

 gional co-operative to re|)rescnt Illinois 

 grain producers in the national marketing 

 system are now being received at the new 

 co-op< rative's tem- 

 porary headquarters," 

 608 So. - Dearlwrn 

 St., Chicago. G. C. 

 "Lyie" Johnstone of 

 Bloomington is presi- 

 dent of the corpora- 

 tion. ; ncf J. C. Sailor 

 of Ci'sna Park, vicc- 

 presid ;nt. These men 

 , and lohn Stout of 

 ChatF am, I". E. Ste- 

 venson of Streator, 

 and Gpo. J. Stoll of Chestnut comprise the 

 executive committee. 



Under the new grain marketing plan 

 endorsed by the Farm Burcaijs and the Illi- 

 nois Agricultural Associatior , IcKal farmers, 

 elevators are expected to pirchase a nom- 

 inal amount of stock in the Illinois Grain 

 Corporation known as the "regional" which 

 in turn will buy stock in t!ic Farmers Na- 

 tional Grain Corporation. 



The Farmers National requires that the 

 Regional subscribe for SI 00 

 to the avera.ge amount of 

 annually by the state or re ;ional organiza- 

 tion on a basis of one cent fer bushel. The 

 Ic per bu. investment is made only once, 

 that is, if the Illinois Grain Corporation de- 

 livers 25,000.000 bu. of gr; in in a vear to 



G. C. Johnstone 



par stock equal 

 grain handled 



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