Pajie Sixteen 



THE I. A. A. RECORD 



Canadian Wheat Pool Answers 



Opponents' Attacks with Facts 

 •Growing Majority of Wheat Farmers in Provinces Now Benefit by 

 Volume Control and Centralized Selling 



THE continuing success of the Canadian Wheat Pool in serving an ever- 

 growing majority of wheat growers in Western Canada is a thorn in the 

 ilesh of the opposing "die-hards" who resent and oppose progress in grain 

 marketing through the co-operation of producers. 



"Under separate cover, I am today forwarding a supply of statistical data 

 and Hterature of the Canadian Wheat Pool which may help spike the guns of 

 such gentlemen as M. R. Myers," writes W. B. Herbert of the Canadian co- 

 operative. 



Can't Retaliate 

 "I would call your attention particularly to the leaflet, "WHEAT PRICES — 

 1927-1928," wherein we discuss the matter of price comparisons. Every year 

 "we have issued similar statements and never once has the grain trade attempted 

 to retaliate to these arguments. > They can't. 



"Unfortunately it has not yet' been practicable for us to make the final ad- 

 justment on the 1928 deliveries, so we have not been able to publish a state- 

 ment covering the 1928 crop. Incidentally our three payments on that crop 

 total $1.18 per bushel and we still have the final payment to make. The un- 

 ■weighted open-market price was only $1.21. 



"I can assure you that our organization is in first class shape, and has never 

 "been in difficulties at any time despite the many annoyances we have had to put 

 «p with as a result of adverse propaganda. The morale of our membership is 

 wonderful and the harder the times the closer they stick to their Pool." 



While the organization of the Illinois Grain Corporation is different than 

 that of the wheat pool in that it is based on the farmers' elevators as a founda- 

 tion, the elevator in each case retaining its identity, directors, officers, and em- 

 f)loyees, and carrying on business as usual, the I. G. C. has for its purpose the 

 •same goal as the the Canadian co-operative, that is, centralized selling in the 

 terminal markets and bargaining power for the producer. 



That the Canadian co-operative has succeeded in its goal may be seen by 



the following price comparisons which have not been successfully challenged: 



Pool and Grain Trade Street Wheat Prices 



TABLE I— CROP YEAR 1927-28. 



ALBERTA — Basis 26c Ft. William, or 22c Vancouver, freight point. 



Column I Column II Column III 



Pool Margin 

 ■. - _ Weighted Aver- Pool Above 



age Grain Trade Price Grain Trade 



Grade — Price (Including 4c Pool Elevator Div.) 



"No. 1 Northern $1.18 3/4 $1.28 3/10 9 l/2c 



No. 2 Northern 1.13 1/2 1.214/5 8 3/lOc 



No. 3 Northern 1.03 1/2 1.113/10 7 4/5c 



No. 4 92 3/5 .99 4/5 7 l/5c 



No. 5 80 7/10 ■ .86 3/10 5 3/5c 



No. 6 70 2/5 .77 4/5 7 2/5c 



Peed .63 1/5 .70 3/10 7 l/10c< 



SASKATCHEWAN— Basis 22c Ft. William freight point. 



t (Excluding Elev. Patronage Div.') 



No. 1 Northern $1,20 1/5 $1,23 3/10 3 1/lOc 



No. 2 Northern 1.14 2/5 1.16 2/5 2 2/5c 



No. 3 Northern 1.03 9/10 1.06 3/10 2 2/5c 



No. 4 93 .95 4/5 2 4/5c 



No. 5 81* .82 3/10 1 3/lOc 



No. 6 .70 4/5 .73 4/5 3c 



Feed • 62 1/2 .66 3/10 3 4/5c 



MANITOBA— Basis 17c Ft. William freight point. 



No. 1 Northern $1.23 3/10 $1.28 3/4 5 9/20c 



No. 2 Northern. . . : 1.18 1/10 1.22 6/25 4 1/lOc 



No. 3 Northern 1.08 9/10 1.113/4 2 6/lOc 



No. 4 97 3/5 1.016/25 3 6/lOc 



No. 5 849/10 .8779/100 25'lOc 



No. 6 74 1/4 .79 19/100 4 9/lOc 



Feed 65 3/5 .71 3/4 6 1/lOc 



The figures in Column I are true averages of prices paid by the Grain Trade 

 for street wheat. The prices are arrived at in identically the same manner as 

 explained heretofore in connection with the Western and North- West Grain 

 Dealers' average prices for No. 3 Northern. 



{Continued on page 17) 



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NOTICE 



ELECTION OF DELEGATES 



ILLINOIS AGRICULTURAL 



ASSOCIATION 



NOTICE is hereby given that in connec- 

 tion with the annual meetings of all 

 County Farm Bureaus to be held during the 

 months of August and September, 1930, at 

 the hour and place to be determined by the 

 Board of Directors of each respective County 

 Farm Bureau, the members in good standing 

 of such County Farm Bureaus and who are 

 also qualified voting members of Illinois 

 Agricultural Association shall elect a delegate 

 or delegates to represent such members of 

 Illinois Agricultural Association and vote on 

 all matters before the next annual meeting 

 or any special meeting of Association, in- 

 cluding the election of officers and directors 

 as provided for in the by-laws of the Asso- 

 ciation. 



There will be no County Farm Bureau 

 annual meetings held during the months of 

 July and August. 



During September annual meetings will be 



held in Christian, Jefferson, and Wayne 



counties. 



Signed: 



G. E. METZGER, Secretary. 

 July 15, 1930. 



The Farmer's Income Tax 



■■•■ii:..- 



AN editorial in The Southern Plant- 

 er for June 15 says: "In the May 

 1 5 th issue of The Southern Planter, Dr. 

 Carl C. Taylor, one of our associate 

 editors, had an article under the title of 

 'North Carolina Tax Upheaval.' He 

 shows that taxes on land are unbearably 

 high and the farmers can no longer 

 stand under the burden. What is true 

 in North Carolina holds for most of the 

 other states. A recent study of the 

 United States Department of Agricul- 

 ture shows that farmers are paying ap- 

 proximately $900,000,000 a year in di- 

 rect taxes, 84% of which is taxes on 

 land. Farmers are 'paying from IS to 

 3 1 % o/ their total income each year in 

 direct taxes and even 30% of the rental 

 value of farms is being absorbed in 

 taxes. It is too much to expect for 

 such conditions to continue to exist. 

 Farmers must see that they are changed. 

 Doctor Taylor suggests that farmers be 

 allowed to pay taxes according to what 

 they earn, such as is done in the case 

 of doctors and lawyers. In this way 

 the taxes will not be a burden in years 

 of low incomes as they are so often 

 under the present system of taxation. 

 The income tax is a logical one and it 

 is just and fair. The direct property 

 tax should be removed. Incomes should 

 be taxed. It would be real farm relief 

 and would materially help to increase 

 the net income of farmers, which is 

 now, on the average, about $700 per 

 year — a paltry sum for his labor and 

 managerial ability and the labor of his 

 family." 



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