Page Ttvelve 



THE I. A. A. RECORD 



Urcembey, I9.UI 



Farm Board News 



THE Co.irse Grains Advisory Com- 

 mittee meeting in Vi'asliinjjton on 

 November 17 and 18 reported to tlic 

 Federal Farm Board as follows: 



"The outstanding facts in the feed 

 ?,r.-'in situation are, first, the great sliort- 

 3! c of corn .md of feed grains as a 

 gi )up; and second, the low prices pre- 

 va ling in the face of tliis shortage. 



"Thi; corn crop is the smallest since 

 1901; ii is 520 million bushels smaller 

 than last year, and only S8 per cent of 

 the 1924-28 average. While crops of 

 oats and barley are somewhat larger 

 than last year, the supply of the three 

 principal coarse grains is only about 89 

 million tons as compared with the 

 moderate supply of 100 million tons 

 last \ear. The less important crop of 

 grain sorghums is onK 84 per cent of 

 last year's small crop and 66 per cent 

 of the 1V24-2S average. The position 

 is further accentuated bv short crops 

 of hay. 



"A partial offset to thi^ reduction in 

 feed grains and hay is the existence of 

 unusualK liberal ■ wheat supplies, in- 

 cluding carry-over and new crop. Rye 

 supplies also are larger than usual, 

 though very small as compared with 

 other gr.ins. Evcri^ if supplies of 

 wheat and rye are added to the coarse 

 grain vu[ plies, the tot.il is appreciably 

 below w !i. r the countrv has been using 

 up in '.Ml (if several recent years." 



Reasons j,. m for the low price of 

 corn were: 



1. The h)>.\ price of wheat brought 

 about b> liberal carryovers. 



2. Import restrictions in Eui-opein 

 countries. 



V Russian shipments. 



4. The world business depression. 



'. A severe decline in world price 

 levels. 



Prices of corn and bar!e\ in other 

 exporting countries are ver\ low lor 

 similar reasons in spite of the fact that 

 world crops of both grains outside the 

 United States are vmaller than the 

 large production in 1929, 



The Adx isiMV Board reported that 

 coarse grains as low as they are, are 

 considerable higher here than in most 

 foreign countries. The spread between 

 Chicago and Buenos Aires prices ol 

 corn is around ^'> cents. The spreail 

 between .Minneapolis and Winnipeg 

 prices of barley is around 20 to 2< 

 cents. The tariff on corn, recentl\ 

 raised to 2 5 cents per bushel is eiK'C- 

 tive in restricting imports to sm.tll pro- 

 portions and to an unusual degree i ■ 

 keeping domestic prices above v .'ri.I 

 levels. " 



C'ommenting upon the action of the 

 (irain St.ibili/ation Corporation in bu\ - 



Pig wheat at Chicago to hold the price 

 at 73c, Chairman Lcggc said: 



"Demoralization in world grain tnar- 

 kets has made it iiecessarv for The 

 Grain Stabili/aiion (orporation to again 

 enter the wheat ma;l»et in order to stop 

 panicky selling and to prevent further 

 unwarranted declines in domestic prices. 

 Comparatl\ ely wheat is lower in price 

 than other agricultural loninioditics. 

 The price of tlour fulK rellects the 

 price of wheat, which, no doubt, is 

 increasing the per capit.i consumption. 

 While the visible suppU of wheat is 

 large, there is no congestion in an\' of 

 the terminal markets. Receipts at pri- 

 mary markets are unusually light, 

 which suggests the extent to which 

 farm stocks are beim; used for feeding 

 purposes. Further price declines would 

 be in sympathy with foreign markets 

 and not justified b\ domestic condi- 

 tions." 





Monroe Leads in 



Use of Limestone 



Monroe county, Illinois, holds the 

 record for the most limestone spread 

 by any Illinois count), according to 

 C. M. Linslcy of the University of Illi- 

 nois. He states that 43,000 tons of 

 limestone have been hauled and spread 

 by farmers of this county. 



"Every S2 invested in a ton of lime- 

 stone for acid soil will return !>15 or 

 more in higher crop \ields," said Lins- 

 lcy. "Farmers who can't spend SI in 

 order to make S7.50 are the onl\' ones 

 entitled to say that they can't afford 

 to buy limestone to sweeten their acid 

 soils. 



"If '01. le oil stock salesman would 

 approach these farmers who say that 

 they cannot afford to buy limestone and 

 offer them stock in an oil well which 

 was guaranteed to return si 5 for every 

 S2 invesled, most of them would inan- 

 a-e to get together at least Si 00." 



Serum Directors Meet 



Buy Supplies for '31 



DIRECTORS of the Illinois Farm 

 Bureau Serum Association met in 

 C hicago recently to consider bids on 

 more than 3o.O()o, ()()() c.c. of serum 

 and virus tar ir.iniiini/ing hogs against 

 cholera. 



Farmers in 72 counties hive pioled 

 their buying power in purchasing the 

 I.'.rgest quantity of serum ever ordered 

 ;'t one time. Radio advertising it is 

 t!iou"Iu has been helpful in reminding 

 hog growers of the need for protecting 

 their herds. A larger sale of serum 

 and viru- than heretofore is expected 

 in 1931. 



5DAIRy 

 g^^^iMarKptiiig 



THE McLean C.iunty Milk Pro- 

 ducers' Association announces that 

 the new base-rating plan ctTective for 

 November, December, January and 

 February provides for a price of S2.45 

 per 10(1 pounds of 4 per cent milk for 

 all supplies delivered under the base 

 amounts, f. o. b. Bloomington. With 

 associ.-.iion dues and trucking costs de- 

 ducted, this means a net of S2.10 to the 

 producers. This price covers all niJik 

 sold to the wholesale or retail trade. 



Surplus milk used for ice cream and 

 other dairy products, except butter, 

 will be valued according to its butter- 

 fat content, according to the following 

 formula: ')! score Chicago butter mar- 

 ket price plus 5 cents for each pound 

 of butterfat, plus 30 cents per 100 

 pc<unds of whole milk delivered. 



For surplus milk used in butter mak- 

 ing, the price is computed on* the base 

 of Chicago 92 score butter market for 

 butterfat content plus 3 cents per 100 

 pounds for the whole milk. 



Thus, 'the net price paid each pro- 

 ducer depends upon the base amount 

 delivered and the percentage of his 

 total used in making butter or manu- 

 factured products. 



Each member's base amounts to }(> 

 per cent of the average amount deliv- 

 ered during August, September, Octo- 

 ber and November of 1929. That base 

 rating is to apph' throughout the bal- 

 ance of 1930. A new base will go into 

 effect January. 1, apphing the average 

 figures for the same months this year. 



This plan operates very much like the 

 equalization fee plan advocated in the 

 McNary-Haugen bill in that the pro- 

 ducer is penalized for surplus produc- 

 tion. 



Only two of the 72 co-operating 

 counties specified blood serum. Nearlv 

 all have adopted the clear concentrated 

 serum. 



The prices obtained from the various 

 companies were the lowest on record. 

 The Anchor Serum Co. of St. Joe. Mo., 

 anil the Globe Labor.^tories, Ft. Worth, 

 Te\., both high grade companies pro- 

 liucing their immunizing materials in 

 sanitary laboratories under government 

 supervision, shared the hulk of the 

 business. 



The advantages gained by purchas- 

 ing serum and virus co-operatively arc 

 first the substantial savings in cost, and 

 secondly tlie assurance of having on 

 hand at all times an ample supply of 

 materials. 



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