Page Fourteen 



THE I. A. A. RECORD 



r 



NATIONAL 

 FEEDER AND 



FINANCE 

 CORPORATION 



(subsidiary) 



NATIONAL LIVESTOCK 

 MARKETING ASSOCIATION 



EXECUTIVE DEPARTMENTS 



Transportation Research 



Public Relations Publicity 



Live Stock tt Meats Accounting 



Advertising Legal 



SALES BOARD 



President Kational L.S.M.Assn 

 General Mgr . Nat'l L.S.M.Assn 

 Manager National Feeder and 

 Finance Corporation 



NATIONAL 

 LIVESTOCK 

 PUBLISHING 

 ASSOCIATION 



(svijsidiary) 



DIVIDUAL 



Live Stock Marketing Set-Up Explained 



EIGHTEEN stockholder member 

 corporations now constitute the 

 farmer owned and controlled National 

 Live Sto;k Marketing Association spon- 

 sored by the Federal Farm Board. All 

 but three of these corporations are go- 

 ing business institutions with from five 

 to nine years of successful operation in 

 their respective fields to their credit. 

 The three new associations set up since 

 the incorporation of the National As- 

 sociation, May 10, 1930, are largely in 

 the hands of experienced marketing 

 men who will have all the benefits and 

 assistance to be obtained through the 

 National Association so that assurance 

 of the best possible selling and market- 

 ing service is available to live stock 

 producer members from the start. 



Builded on Individual 



As illustrated in the accompanying 

 chart, the entire organization structure 

 is builded on the individual live stock 

 producer who is legally an associate 



By J. D. HARPER 



member of the National organization. 

 The members of the National organiza- 

 tion include the co-operative market- 

 ing associations as listed. These may 

 be either terminal marketing associa- 

 tions or state or regional associations 

 which qualify as marketing agencies. 

 Each of these marketing associations 

 has as members either county or dis- 

 trict marketing associations and local 

 shipping associations or individual pro- 

 ducers. 



Buys Feeders 



Both subsidiary corporations func- 

 tion through the National association 

 and direct to member live stock sales 

 agencies and through them to the in- 

 dividual members who may be affiliated 

 in county or district organizations or as 

 individual members. 



The Feeder and Finance Corporation 

 reaches the individual through terminal 

 or state associations, and then through 

 regional credit corporations, or, in cer- 



tain instances, emergency loans are ne- 

 gotiated direct with the individual. In 

 addition to furnishing live stock pro- 

 ducers with a dependable source of 

 credit this corporation also renders a 

 feeder service whereby range growers 

 may sell cattle and lambs direct to 

 cornbelt feeders. i 



Dependable Information ". 



The Publishing Association, in carry- 

 ing information to members, co-oper- 

 ates with all agencies, including ter- 

 minal and state associations, as well as 

 local or county organization units. 

 Subscriptions are direct with the indi- 

 vidual live stock producer who patron- 

 izes a co-operative agency member of 

 the National association. Dependable 

 production and marketing information 

 is furnished the membership through 

 this subsidiary so that intelligent co- 

 operation will characterize the policies 

 and marketing methods of the National. 



Services rendered by terminal co-. 



