Hamilton Institute says farm income is 

 Pi billion dollars larjrcr than a year 

 ago, and that in spite of the drouth. 

 Prof. Norton, in a Univ. of Illinois inib- 

 lication, Oct. 15, 1034 says: "Prices of 

 Illinois farm products avoraged 10% 

 higher in August and September 1034 

 than in the same months in V.WS." He 

 also says the most pronounced increases 

 have been in the conimoiiitics affected 

 either by the drouth or by jrovernmental 

 control policies. 



Too lonjr have farmers been the mat- 

 tress that breaks the fall of the capita- 

 listic system in times of panic. Why 

 must he be under a mora! oblijration to 

 feed the world at a loss, while those 

 ".vhose prices enter into his costs resist 

 deflation ? Following are a few of the 

 riirid factors that resist deflation: fiiort- 

 e;agcs, interest rates, freifiht rates, pub- 

 He service rates, taxes, common labor 

 wau'es. tariffs, prices made by jjentle- 

 men"s apreements and trade associations. 

 All these enter into the costs of what 

 the farmer buys. Many have been re- 

 duced, but all are above what they would 

 be if the law of su])ply and <lemand 

 functioned as freely on them a* it does 

 on farn; products. 



No Other Choice 



The farmer would be delighted to pro- 

 duce with all the art and labor at hi'» 

 command all that he possibly can, if' 

 everyone else did likewise. He will join 

 any sincere cfTort ayainst the sibove ri- 

 cridities, and throw in tlie processing tax 

 alonsr with the rest, to usher in an era 

 of low prices and abundance, instead of 

 limitation and high prices. But until 

 business leaders apree to withdraw the 

 mesh of interference with the free pro- 

 duction and excbanpe of all poods, the 

 farmer must declare himself a part of 

 the economic system, crazy as it is. by 

 controllinp his production until his goods 

 are scarce enough to be in demand. His 

 products must be sound in the same 

 s.Mise that money is sound. Infliition 

 that makes' money worthless is no 

 worse than unrestricted pn^duction of 

 f^rni [iroducts that makes them worth- 

 less. 



Mr. ^Wallace quotes Mr. Peek as say- 

 inp that he was for the piofit system 

 when it included the farmei-. It never 

 has. If all costs and the value of ferlility 

 be taken into account, probably not one 

 farm in Illinois has paid a profit over the 

 period of years it has been cultivated. 

 Fertility is now so depleted it can no 

 lonper be sold without beinp replaced. 

 \ farmer can no lonp'er sell at prices 

 made outside the profit system and buy 

 at prices made in it. 



Should Meet .\pprovaI 



The new corn-hog plan permits an in- 

 crease irv both hogs and corn over 1034. 



WHEN THE 1. A. A WAS YOUNG— BOARD OF DIRECTORS AT PEORIA WIS 



TUis U tlie board t!tal launrheii tlit; I. A. A. as a ni.»mbf nhip '.-^anization on irs [trflscDt basjs 

 Lett to right seated: J. W. Kirkton. Livinif^ton county; J. R. Fi;k>:*'r;, J.trsey rouiit> : J. W. Robinfcon, 

 Edpar county; Harvey Sconce, {iiesident. Vermilion county: J. W. T;u.-r I-ee loctity; Zealy M. Holm^a. 

 -Peoria county; John C. Gummersheimer, Monroe county; Standing. I. F. Gilmor. Merf'er nainty; G. V, 

 Gregory. Dupage county: John P. Stout. Sangamon county; D. O. Thompson.* secretary : Houa:'1 Leonard. 

 Woodf^-.rd county, treasurer; J. W. Morgan. Henry county; Henry T. HarNhall, LaSalle county: A. A. Hill. 

 Macon county; G. C. Jolirston.'. McLean county. J. C. Sailor. Irocjuoiv county, vice-president, uas ahstent 



/ 



It should meet the ap|)roval of farmers 

 for many reasons. Corn may be 80c now. 

 but don't forget that a very few months 

 ago it was one-eighth of that, and with ti 

 pood crop and a les.sened dcm.and caused 

 by the reduction in livestock, it can drop 

 ti> that again. There are now less hogs 

 than there have been at any time since 

 1802. Cattle have been reduced in..-,00.- 

 000 since the first of the year. By next 

 summer, if we have a hard winter, there 

 will be fe\\'eir-<?attle and hogs than there 

 have been at any time in the last .'lO 

 years. Sheep as well have been much 

 reduced. I shall bo more than willing to 

 reduce my corn :!0'~r and put the laiH in 

 clover I") plow under for fertility. .\ 

 modest increase in hogs is likely to satis 

 fy almost everybody, as with the feed 

 scarcity no one will want to plunge. Xo 

 one that does not sign a contract will be 

 eligible for a loan on his <ea!e<i corn 

 next fall. No one should forget thf 

 b'essing that program brought last fall. 

 The main reason for coiitiiuiing is that 

 now for the first time we liave an ail- 

 ministration that understands the prob- 

 lems of agriculture and is courageously 

 striving to solve them. .A year of exper- 

 iment finds us much better off than we 

 were a year ago. I have not been regi- 

 mented, iiuite the contrary. 1 fee! that I 

 have been f.reed fiom the l>o!ids of a 

 system that never permitt<-d me the 

 slightest control of the price I received 

 for my products. By my action in cut- 

 ling my production, in coo)>eiat!on with 

 other contract signers, I have bad for 

 the first time, something to do with 

 raising these prices. , 



Corn-Hog Signup Soon 



Ihslricl iiniling.- ;;re to lie .-.i-licduled 

 111 Illinois for officials i-i, county corn-' 

 hog' control associatioris so<rti after New 

 Vear's Day. The work tif ilgnini; up the 

 new contracts for I'.l3.*i will begin shortly 

 •hereafter. 



The comiiig signup is opected Ho be 

 much more simple than th:it of last year. 

 The olil cotitracls on file in each county 

 will be a valuable .source of inf-trmation. 



Fc-inomists are forcasting mic-h c!. taper com 

 .■»d rel.'.tivc.ly hiifh-prieed livo^t. '-k next year it 

 1 le coin crop is normal or a'love. Many fnrmeri 

 douht that com "*ili |?o much hiphur thnn4pr-tinnT 

 pricev 



Frank .1. Watsun, nvanager of (he <tual- 



ity .Mill- .\~socia!ioh at the (Ju.id Citres 

 ■iptirt- a bleiided price for Xovinber 

 oiili; ..f Sl.."rf. Class 1 broMglit S1.70; 

 cla.^s 11 (flui.l cr.am) i\A->: Cia-s HI 

 (contlinsedt $\.:''Z: Class IV n..itterfall 

 .SI. II. Kelail prico is Oc. The AAA ad- 

 ministrator started chec'hinir up on d.-al- 

 ers recently to -^ee tl;al milk i.- useil in 

 the Cla~s sIk.v.ii by their rep<irts. 



A'inual meetii'.gs of the I. A. A. ri^nti 

 a--ociated companies are officially an- 

 nounced on page I'.'. Confi reiices for, 

 atrents, managers, aiid counry directors 

 of Country Life iiisuraiue Co. rm>l Illi- 

 nois Farm Supply Co. respectively will 

 !>.■ held on Tuesday, .Jan. -'.'. at Quii.icy. 



Make your reservatipns for t!>e coin 

 ing I. .\. A. annual meeting, t^uincy. 



I'obacco growers are scheduled to vole 



.-oon o!i the prtiposition of levying a 

 substantial lax on tobacco produced in 

 excess of the grower's' allotment. Thi.< 

 will pre\*ent noncd-optrators from prof- 

 iting more than farmers who co-operate 

 .•mil inake possible :i fair price. 



JANUARY. 19.?;-) 



