2G8 RLliAL M mil Id AS 



gan Potato Growers Exchange had more than fifty 

 local associations comprised within its organization, 

 and this number had been doubled by the spring of 

 1920, while in January, 1921, the member.ship com- 

 prised 12-4 locals, twelve of whicli are in the Upper 

 Peninsula. To June 30, 1919, the Exchange had 

 handled 2,227 cars of potatoes and other farm 

 produce and the first year's business amounted to 

 approximately $2,000,000. Sales had been made in 

 more than half the states of the Union and foreign 

 business was in contemplation. The business trans- 

 acted in the second year amounted to approximately 

 $5,000,000, 2,158 cars of potatoes being handled, to- 

 gether with 1G8 cars of apples, 174 of cider apples, 

 31 of peaches, 12 of onions, 3 of carrots, 18 of wheat, 

 3 of buckwheat, 1 of corn, 102 of rye, Gl of beans, 

 2 of peas, 17-4 of hay, IG of straw, 1 of posts, 2 of 

 wood, 74 of cherries and 113 cars of cabbage, and also 

 large quantities of fruit, vegetables and other 

 products in less than carload lots. The Exchange 

 operates on a commission basis, amounting to ap- 

 proximately 2.5 per cent, and its operating income 

 comprised, at the end of the fiscal year 1920, 

 $119,484. Its operating expenses were $95,71 G. The 

 reserve thus arising from the operations of the Ex- 

 change was placed at the service of the purchasing 

 department.^ 



In the early spring of 1921, a temporary agreement 

 between the Michigan Potato Growers Exchange 

 and the Michigan State Farm Bureau was effected. 



^Micli. State Farm Bur., 'News Service, March 26, 1921. 



