Wool Cooperators Profit 



Illinois wool growers who sold their 

 wool cooperatively in the five year peri- 

 od (1932 to 1936) had average net re- 

 turns of 2.4c per pound more than the 

 average Illinois farm price. This is true 

 in spite of the fact that during two years 

 of the five, farm prices were falling. 



During a 15-year period members of 

 the Pacific Wool Growers' Association 

 secured more money for marketing co- 

 operatively 11 years out of 15. The 

 average net increase for the period was 

 approximately three cents per pound per 

 year. ' 



No one c^n accurately predict what 

 future -prices I are going to be. But we 

 know this, tnat when wool prices are 

 low, as they I are today, there is a good 

 chance for a ^'stronger market later. Don't 

 judge cooperative wool marketing by 

 one year'sVprice. It's the average that 

 counts. / 



The cooperative wool marketing pro- 

 gram sponsored by the Illinois Livestock 

 Marketing Association supports price 

 levels for everybody. Farmers who stick 

 to the cooperative marketing program 

 profit most in the long run. Moreover 

 they help the fellow on the outside, too, 

 because the cooperative provides com- 

 petition, reduces the spread between local 

 and terminal prices. 



The only way Illinois wool growers 

 can get the benefit of a federal loan 

 representing 75 per cent of the parity 

 price is through this cooperative wool 

 marketing program. This loan is made 

 without recourse. If the wool market 

 goes down the grower is. protected. At 

 the same time the producer retains his 

 interest in his wool until it is sold. If 

 the final sale price justifies — which de- 

 pends on the future market — a further 

 final payment will be made. 



If you want to pool your 1938 wool 

 clip get in touch with your County Farm 

 Bureau or notify the Illinois Live Stock 

 Marketing Association, 608 So. Dear- 

 born St., Chicago. 



=■■ ■-./;, 



Chicago Producers Meet 



(Continued from page 24) 



I Professor Ashby told of interviews 

 with stockmen, auctioneers and sale man- 

 agers and quoted from many farmers 

 letters received in the study. 

 ( "We say that Illinois has many auc- 

 / tions ; they are handling a considerable 

 volume of livestock but apparently little 

 slaughter stock; they are trading centers 

 rather than markets; selling charges are 

 comparatively high; farmers are critical 

 of the side-training, by-bidding and ma- 

 nipulation being carried on; auction trad- 

 ing increases the danger of disease; and 

 the auctions, thus far, have tended to 



Comparison of Prices Received on Wool Marketed 

 Cooperatively with Average Illinois Farm Price. 



28c 



23c 



1 9c 



10c 



8.5c 



16.4c 



26.4c 



21.9c 



19,5c 



1932 



1933 



1934 



1935 



1936 



Syr. 

 avg. 



Net Prices — Illinois Livestock 

 Marketing Association 



Average Illinois Farm Price 



lower the quality of the state's livestock," 

 Ashby concluded. 



"liie auction is often an expensive 

 way of selling; it encourages trading 

 rather than marketing; the seller carries 

 the responsibility of protecting his sale 

 — of being present to refuse the bid if 

 it is too low; auctions have not con- 

 tributed to the improvement of the live- 

 stock industry; and they increase de- 

 centralization of livestock selling. 



"With the facilities already available 

 to us, it does not appear that auctions 

 will improve Illinois producers' outlet 

 for slaughter livestock. Probably there 

 is a place for a reasonable number of 

 auctions as clearing houses for stock that 

 is not ready for market, thin stuff, for 

 breeding animals, and odds and ends — 

 provided they are operated satisfactori- 

 ly. .. . But to substitute a trading basis 

 for a sound marketing system would 

 seem to mean complete decentralization 

 of livestock selling, a moving backward 

 by possibly 50 years in our livestock 

 marketing methods." 



Henry Wieland, Sec'y-Treas. reported 

 that total earned commission for 1937 

 amounted to $344,456.70, which ex- 

 ceeded 1936 by $10,725.88. Total ex- 

 penses increased $24,688.58 which was 

 chiefly made up of increased expenses in 

 selling and yards costs and the Pro- 

 ducers Feeder Dep't. Net income for the 

 year was $17,090.00 or $4.96 on each 

 $100 of total commission earned. The 

 net worth of the Chicago Producers 

 was stated as $247,815.27, an increase of 

 $12,648.51 over 1936. 



There will prbbably be 100 cold 



storage locker plants in operation in 

 the state by Jan. I, 1938, predicts the 

 University of Illinois. 



Alfalfa is probably die oldest known 



plant cultivated as food for domestic 

 animals. 



Uncle Ab says when folks seek pub- 

 licity it's a sign that they haven't earned 

 it. 



26 



1 



L A. A. RECORD 



