Page Eight 



THE I. A. A. RECORD 



August, 1932 



I L« Li I N OIS 



CCL.TIJIIAL ASSOCIA 



RECORD 



To advance the purpose for which the Farm Bureau was or- 

 ganized, namely, to promote, protect and represent the busi- 

 ness, economic, political, and educational interests of the 

 farmers of Illinois and the nation, and to develop agriculture. 



George Thiem, Editor 



Published monthly by the Illinois Agrricultural Association at 166 So. 

 Main St., Spencer, Ind. Editorial Offices, 608 So. Dearborn St., Chioa«o, 

 111, Entered as second class matter at post office, Spencer, Ind, Accept- 

 ance for mailing at special rate of postage provided in Section 412, 

 Act of Feb. 28, 19r5, authorized Oct. 27, 1925. Address all communi- 

 cations for publication to Editorial Offices, Illinois Agricultural Associa- 

 tion Record, 608 So, Dearborn St., Chicago. The individual member- 

 ship fee of th» Illinois Agricultural Association is five dollars a year. 

 The fee includes payment of fifty cents for subscription to the Illinois 

 Agricultural Association Record. Postmaster: In returning an uncalled 

 for missent copy please indicate key number on address as is required 

 by law. 



OFFICERS 



President, Earl C. Smith Detroit 



Vice-President, A. R. Wright Varna 



Secretary, Geo. E, Metzger Chicago 



Treasurer, R. A. Cowles Bloomington 



BOARD OF DIRECTORS 

 (By Congressional District) 



1st to 11th H. C. Vial, Downers Chrove 



l«th G. F. Tullock, Bockford 



nth, C. E, Bamborough, Polo 



14th. IC. G. Lambert, Ferris 



15th Charles Bates, Browning 



16th Geo. B. MuUer, Washington 



17th. A. B. Schofleld, Pazton 



18th W. A. Dennis, Paris 



Wth C. J. Gross, Atwood 



80th Charles S. Black, Jacksonville 



Slit Samuel Sorrells, Raymond 



8?nd Talmage DeFrees, Smithboro 



Mrd W. L. Cope, Salem 



24th. Charles Marshall, Belknap 



26th Fred Dietz, De Soto 



DEPARTMENT DIRECTORS 



Comptroller J. H. Kelker 



Dairy Marketing J. B. Countiss 



Finance , . R. A, Cowles 



Fruit and Vegetab'e Marketing .H. W. Day 



Grain Marketing Harrison Fahmkopf 



Information George Thiem 



Insurance Service V, Vaniman 



Legal Counsel Donald Kirkpatrick 



Live Stock Marketing Ray E. Miller 



Office C. E. Johnston 



Organiration G. E. Metzger 



Produce Marketing F. A. Gougler 



Taxation and Statistics J. C. Watson 



Transportation L. J. Quasey 



ASSOCIATED ORGANIZATIONS 



Country Life Insurance Co L. A. Williams, Mgr. 



Farmers Mutual Reinsurance Co J, H. Kelker, Mgr. 



IlUncis Agricultural Auditing Assn ..F. E. Ringham, Mgr. 



Illinois Agricultural Mutual Insurance Co A. E. Richardson, Mgr. 



Illinois Farm Supply Co L. R. Marchant, Mgr. 



. Illinois Grain Corp Chas. P. Cummings, Vice-Pres. and Sales Mgr. 



Illinois Livestock Mark. Ass'n..Ray Miller, Mgr.; R. W. Orieser, Sales 



Illinois Produce Marketing Ass'n -. ..F, A, Gougler, Mgr. 



Soybean Marketing Ass'n W. HT. Coultas, Mgr. 



Higher Farm Prices 



WHILE the Rainey-Norbeck bill was defeated 

 in the recent session of Congress, efforts 

 of organized farmers to secure action designed to 

 raise farm prices met with a measure of success. 

 The agricultural provisions, sections C and D, of 

 the relief bill amending the Reconstruction Fi- 

 nance .Corporation Act, now enacted into law, have 

 promise of bringing about substantial recovery. 

 Everything now depends on the vigor and sin- 

 cerity with which these provisions are adminis- 

 tered.. 



The corporation is authorized and directed to 

 dispose of surplus farm products in the markets 

 of foreign countries in which such sales can not 

 be financed in the normal course of commerce. 

 It is empowered to extend credit to domestic 

 millers, packers, and other processors to enable 

 them to finance the carrying and orderly mar- 

 keting of agricultural commodities and livestock 

 produced in this country. 



There is nothing in these provisions to restrict 

 their application to present surpluses of farm 

 commodities. They apply also to future surpluses. 



They aim to correct one of the chief reasons for 

 low prices, namely, restricted credit on the part 

 of big buyers of farm crops who process and hold 

 in storage for future sale. 



The opportunity to start farm prices on the up- 

 ward grade is apparent. Will those charged with 

 responsibility take advantage of it? 



The Facts In fhe Case 



THE Grain Futures Commission composed of 

 the Secretary of Agriculture, Secretary of 

 Commerce, and Attorney General — all members of 

 President Hoover's cabinet — recently said to the 

 Chicago Board of Trade "give the grain producers 

 and their co-operative equal privileges on the Chi- 

 cago exchange or be suspended for 60 days." 



Peter Carey, president of the Board of Trade, 

 replied that the organized middlemen will fight 

 to the last ditch to bar the farmer-owned and 

 farmer-controlled Farmers National Grain Corpo- 

 ration from enjoying the full privileges of this 

 terminal market. ' y-v-iX-:^ 



The controversy will presently be transferred 

 to the U. S. Circuit Court of Appeals, and even- 

 tually to the Supreme Court for a final decision. 

 The action taken by the Commission is author- 

 ized in Section 6 of the Grain Futures Act of 1922 

 which provides (Section 5) that "The Secretary 

 of Agriculture is hereby authorized and directed 

 to designate any board of trade as a 'contract mar- 

 ket' when, and only when, such board of trade 

 complies with and carries out the following con- 

 ditions and requirements: 



(e) "When the governing board thereof does 

 not exclude from membership in, and all privileges 

 on, such board of trade, any duly authorized rep- 

 resentative of any lawfully formed and conducted 

 co-operative association of producers having ade- 

 quate financial responsibility which is engaged in 

 cash grain business, if such association has com- 

 plied, and agrees to comply, with such terms and 

 conditions as are or may be imposed lawfully on 

 other members of such board: Provided, That no 

 rule of a contract market shall forbid or be con- 

 strued to forbid the return on a patronage basis 

 by such co-operative association to its bona fide 

 members of moneys collected in excess of the ex- 

 pense of conducting the business of such associa- 

 '■ tion." 



Greed and selfishness are the primary motives 

 of the middlemen in their war against farmers 

 who would better themselves as thousands already 

 have done through organized co-operative selling. 

 The "trade" believes like the kings of old that it 

 has a divine right to collect toll from the farmer's 

 grain; that the farmer must not do this for him- 

 self even if he will. ., 



The present controversy as Mr. C. E. Huff, presi- 

 dent of the Farmers' National, points out, is 

 reminiscent of the fight waged against co-op- 

 erative farmers' elevators 30 years ago. "Let it be 

 recalled," said Mr. Huff, "that when the first 

 farmers' elevators were organized, not a bushel of 

 grain forwarded to market by them would be ac- 

 cepted or handled by members of grain exchanges 

 unless the sale was authorized by the local co- 

 operative elevator making the shipment, to be 

 made in the name of a local private grain dealer 

 (their competitor) and for his account and with a 

 commission deduction for his benefit. 



"They then thought that even local co-operatives 

 were wrong. It required special action on the part 

 of the federal government, the active interest of 



