February y 1931 



THE I. A. A. RECORD 



Page Seventeen 



Six Million Dollar 



Turnover Last Year 



rro^virth of I. A. A. and Associated 

 Companies Revealed in Figures 



b'.tvV (Note: Fiillo^vinsr are excerpta from 

 ' thr rrpent niinunl addreMM of Preiildent 

 Smith bffore delesateii and niember8 at 

 Springrlleld.) 



itHPHE Illinois Agricultural Associa- 

 ; ;■ X tion with its associated companies 

 -"has for several years been the largest 

 ,; trade organization in the state. Its 

 growth and development along practi- 

 " cal lines now entitles it to rank among 

 the leading business institutions of Illi- 

 nois. During 193 0, the activities of 

 the Association and corporations direct- 

 : ly controlled or managed by it called 

 for a financial turnover of approxi- 

 mately $6,429,078, or $21,430.00 per 

 working day. These figures do not in- 

 clude the business operations of the 

 many co-operative organizations which 

 have received supervisory management 

 service from the Illinois Agricultural 

 Association. 



"The figures also disclose in a meas- 

 ure the tremendous responsibility car- 

 ried by the Board of Directors. That 

 they have measured up to this responsi- 

 bility is best attested by the splendid 

 condition in which the association 

 closed its fiscal year. 



"To you who are charged with the 

 real responsibility of leadership in the 



(Continued from previous page) 



I have referred to is vested in the Illi- 

 nois Agricultural Service Company, 

 commonly termed the Corporate Man- 

 agement. Its board of directors have 

 not only given close attention to the 

 policies and finances of each business 

 activity, but have provided each with 

 full time, able and active management 

 and other personnel necessary to keep 

 pace with the ever-increasing business 

 and responsibilities of the several cor- 

 porations. 



"I have repeatedly explained the cor- 

 porate set-up of the Service Company 

 and urged its continuance as the neces- 

 sary integral unit to guarantee not only 

 balance to the institution, but assur- 

 ance of successful business manage- 

 ment. Although passing through a year 

 unparalleled in history for bank and 

 business failures and depression on every 

 hand, it will be noted that each and 

 every one of these corporations have 

 moved steadily forward and close the 

 jear in splendid financial condition. 

 This fine showing certainly confirms 

 the confidence I have previously ex- 

 pressed in the soundness of the cor- 

 porate management provided by the 

 Board of Directors of the Illinois Agri- 

 cultural Association." 



Farpi Bureau movement, may I sug- 

 gest that agricultural leadership must 

 consecrate itself anew to the tasks 

 which lie ahead. Petty selfishness, jeal- 

 ousy and jockeying for personal posi- 

 tion and power have no place in any 

 efficient farm organization or co-oper- 

 ative. History records more failures of 

 farm organizations due to the short- 

 comings of leadership perhaps than to 

 the thoughtlessness of unenlightened 

 members. 



"While we naturally take pride in 

 the achievements of the past, yet we 

 must not be unmindful of the many 

 dangers or pitfalls that lie ahead, un- 

 less we keep our heads clear, our feet 

 on the ground and steer a straight and 

 unerring course. I have said before and 

 I say again, that agriculture is entitled 

 to and must maintain one dominant 

 farm organization, always responsive to 

 the will of its members and through 

 which fanners can speak with one pow- 

 erful voice in their own behalf. 



Growing Personnel 



"The present standing and position 

 of the Illinois Agricultural Association 

 in the aflFairs of state and nation arc 

 the result of a loyal and enduring 

 membership. The active i>ersonnel of 

 the association and associated companies 

 now consists of 53 men and 80 young 

 women. Its authority for further ser- 

 vice is limited only by the extent of 

 its membership and the personnel it 

 now has and may develop in coming 

 years. \- ..■■;— ^-:'- ■■■v-'-;^' ;; 



"Results wlllbe attained just to the 

 extent farmers have and increasingly 

 become organization conscious and 

 through organization take advantage of 

 their opportunities." . \ 



Right-of-Way Proposed < 

 In Rock Island County 



More than 40 interested landowners 

 attended a meeting at Edgington in 

 Rock Island county recently where L. 

 J. Quasey, director of transportation 

 for the I. A. A., discussed the rights of 

 landowners in public utility right-of- 

 way cases. It is reported that the Con- 

 tinental Construction Company intends 

 to build a pipe line across five town- 

 ships in this coiinty. 



The Farm Bureau and the I. A. A. 

 have been asked by a group of land- 

 owners along the proposed right-of-way 

 to oflfer advice toward securing a fairer 

 contract than the one now proposed. 

 Mr. Quasey and S. R. Kenworthy, Mo- 

 line attorney, are working together on 

 a new contract that will protect the 

 rights of the landowners involved. 



NEW BOOKS 



Ctn^HE Farm Board," by Stokdyk 

 X. and West, presents a clean-cut 

 analysis of the Agricultural Marketing 

 Act, a brief and accurate summary of 

 the agricultural situation before and 

 after the world war, a review of efforts 

 at farm relief leading to the passage of 

 the Act, and a sketch and criticism of 

 the Farm Board's work during its first 

 year of operation. 



This book, written by two men con- 

 nected with the Division of Agricul- 

 tural Economics and the Giarmini 

 Foundation, University of California 

 appears to be an intellectually honest 

 approach to the much discussed farm 

 problem which is refreshing in view of 

 the many volumes, articles, and pamph- 

 lets inspired and paid for by enemies of 

 agricultural co-operation. 



In approximately 150 pages of easy, 

 reading the authors cover a great deal 

 of ground in simple, straightforward, 

 imderstandable language. The book is 

 more an explanation than a criticism 

 of the Marketing Act, although the 

 authors do not hesitate to give their 

 opinions regarding some of the early 

 operations and activities of the Federal 

 Farm Board. 



The opening chapter discusses such 

 questions as land utilization, the growth 

 in efficiency of the farmer, population 

 and food supply, effect of the war, the 

 tariff, taxes, transportation^ Federal 

 Reserve Board's deflation policy in 

 1921, high wages, etc. 



Chapter two discusses the drive for 

 farm relief, sets forth advantages and 

 criticisms of the McNary Haugen and 

 Export Debenture plans. And in chap- 

 ter three the various provisions of the 

 Marketing Act are taken up one by one 

 and explained in detail. 



A complete analysis of the Farm 

 Board's operations, through the Stabili- 

 zation Corporations in wheat and cot- 

 ton, are presented in the later chapters. 

 The details of the highly interesting 

 California Grape Control Plan also are 

 given. 



The appendix in the back part of the 

 book reproduces the Agricultural Mar- 

 keting Act as signed by President Hoo- 

 ver, the proposed agreement with mill- 

 ers to dispose of the Grain Stabilization 

 Corjwration's wheat, the California 

 Grape Control contract, and brief bio- 

 graphical sketches of the various mem- 

 bers of the Farm Board. 



"The Farm Board" is a valuable con- 

 tribution to recent literature on the 

 agricultural situation and for those in- . 

 terested in gaining a better understand- 

 ing of the Marketing Act and its pos- 

 sibilities, we recommend this book. 

 Write to The McMillan Co., publishers, 

 Chicago, price $2.00.— E. G. T. 



