Page Sixteen 



THE I. A. A. RECORD 



November, 1932 



PRODUCE 



TIJVG 



Life Insurance Co/s. 



Take 71% Farm Loans 



ANEW produce marketing asso- 

 ciation was recently organized in 

 Pope-Hardin counties for handling 

 poultry, eggs, and cream. White 

 county recently organized another 

 cream marketing unit at Carmi. In- 

 terest is being manifested in county 

 produce associations at Mt. Vernon, 

 and Marion. 



Frank Oougler announces that 

 southern Illinois egg producers are 

 getting along nicely in shipping eggs 

 co-operatively to the eastern mar- 

 kets in carload lots. Plans are being 

 made to service these shipments 

 through the produce marketing units 

 with egg cases, fillers, etc. 



Further co-operation between the 

 organized milk producers and cream 

 shippers was discussed at a meeting 

 of 35 to 40 representative producers 

 from all sections of Illinois in the I. 

 A. A. offices, Chicago, October 13. 



Consideration is being given to es- 

 tablishing processing plants for tak- 

 ing care of surplus milk which milk 

 distributors do not wish to handle. It 

 is contemplated that if such a plan is 

 followed butter manufacturing plants 

 will be established in a number of 

 the larger downstate cities where 

 surplus milk will be separated and 

 the cream churned into butter. 

 Cream from co-operative produce as- 

 sociations also will find a market 

 through these plants. 



The fluid milk producers during 

 the past two years in many markets 

 have received such low prices for 

 surplus, in some cases below butter- 

 fat value, that ways and means of 

 establishing outlets at more favor- 

 able prices have been considered for 

 a number of years. 



Steps already have been taken to- 

 ward establishing processing plants 

 at Peoria, Bloomington, and Rock 

 Island. 



The newly organized farmers' 

 creamery company of Bloomington, 

 owned and controlled by the Mc- 

 Lean County Milk Producers, re- 

 cently leaised a building close to the 

 present McLean County Farm Bu- 

 reau offices, according to a recent 

 announcement. The company ex- 

 pects to begin making butter on or 

 before January 1. 



Since the cream station was started 

 here in 1927 Forrest Fairchild, man- 

 ager of the Milk Producers Associa- 

 tion, is quoted by the Pantagraph as 

 saying: "The spread in price of 

 cream has been changed from nine 

 to two cents, to the benefit of the 

 producer. And under the new plan 

 possibly two to four cents more can 

 go to the farmer. On the 1,500,000 

 pounds of butterfat produced in Mc- 

 Lean county this would amount to 

 about $45,000 increase in returns to 

 the producers annually." ,. 



Farm mortgage loans were smaller 

 in both total volume and average 

 size in 1931 as compared with the 

 preceding year, mortgage bankers in 

 17 western and southern states re- 

 ported recently. The ratios of loans 

 to value of farms were higher than 

 in preceding years. 



Of a total of 3,918 loans represent- 

 ing more than $19,500,000 in loan 

 contracts made during the year in 

 these states, 67 per cent consisted 

 of renewals, the balance, new loans. 



The average ratio of loans to value 

 of farms was 39.4 per cent on new 

 loans last year and 61.3 per cent on 

 loans renewed. Loans requiring re- 

 newal for the most part included 

 farms with heaviest indebtedness. 



Most of the loans were made for 

 a term of five years. Sixty-five per 

 cent of all loans made last year re- 

 quire some payment on principal an- 

 nually. 



Life insurance companies took 71 

 per cent of the total loans or less 

 than in previous years. There was 

 an increase in the proportion of 

 farm mortgages bought by private 

 investors and other local agencies. 



A total of 164 decks of livestock 

 were handled by the Illinois Live- 

 stock Marketing Association and its 

 member co-operatives during Sep- 

 tember. Of these, 50 decks were sold 

 through the state sales office at De- 

 catur This is the largest volume 

 handled in any month since its or- 

 ganization. 



Shipments from Illinois counties 

 to producer agencies indicate a total 

 of 11,609 cars for the six months' 

 period ending June 30, 1932. This 

 compares with a total of 11,946 cars 

 for the corresponding six months of 

 1931. 



Get a Better Deal 



- -On Mixed Shipments 



Better rates on mixed shipments 

 of livestock will become effective 

 November 1 as a result of a ruling 

 adopted by carriers following nego- 

 tiations initiated by the I. A. A. 

 Transportation Department. 



The modified mixed livestock rule 

 applies on shipments between points 

 in Illinois, according to G. W. Bax- 

 ter. 



This rule provides that when cat- 

 tle, calves, hogs, sheep, lambs, goats, 

 or kids are shipped in mixed carloads 

 the charge shall be based on the 

 carload rate and actual weight of 

 each species in the car. However, 

 the total charge on the carload shall 

 not be less than the carload rate and 

 minimum weight for that class of 

 stock contained in the car which on 

 a straight carload basis carries the 

 highest charge. 



The modified rates do not penalize 

 shippers who have sheep in the car, 

 as in the past. Heretofore shippers 

 have paid the actual weight of all 

 stock in the car at the highest rate 

 class. In other words if the car con- 

 tained 17,000 pounds of cattle, hogs, 

 and sheep the entire 17,000 pounds 

 of livestock paid the sheep rate which 

 is higher than that on cattle and 

 hogs. This new rule will permit the 

 shipper to apply the weight and rate 

 for each species in the car subject 

 to a minimum for the stock in the 

 car which on a straight carload basis 

 will produce the highest charge. 



The ninth and final calf club sale 

 held under the auspices of the In- 

 ternational Live Stock Exposition, 

 Chicago, October 11 established a 

 new top for the season when the 

 Hygrade Food Products Corporation 

 bid $12.25 per cwt. for an outstand- 

 ing 900 pound Hereford. The calf 

 was fed by 13 year old Jean Turn- 

 buU of Marshall county, Illinois. 



A total of 162 calves brought an 

 average price of $8.45. They weighed 

 929 pounds average. The 1,927 calves 

 auctioned off this season sold for an 

 average price of $8.89, average weight 

 905 pounds. ,v . .; 



The National Livestock Credit 

 Corporation announces that 551 ap- 

 plications for loans had been passed 

 upon favorably by October 6, the 

 loans granted totaling $832,000. 

 There are ample funds available and 

 feeders in need of financial assist- 

 ance in their cattle and sheep feed- 

 ing operations should write for ap- 

 plication blanks to the nearest pro- 

 ducer agency. Loans are made in 

 some cases up to 100 per cent and at 

 six per cent interest. 



The Indianapolis Producers sold 

 913 carloads of livestock during Sep- 

 tember, an increase of 138 cars com- 

 pared with the same month last year. 

 Illinois supplied 126 carloads of this 

 total. 



Illinois counties showing an in- 

 crease in livestock shipments to In- 

 dianapolis Producers during the third 

 quarter this year compared with last 

 are Clark, Crawford, Jasper, Cimi- 

 berland, Effingham, Richland, 

 Sangamon, White, and Williamson. 



Trucking of livestock from Illinois 

 increased from nine carloads in Sep- 

 tember, 1930 to 107 carloads in Sep- 

 tember, 1932. 



The Chicago Producers showed a 

 substantial increase in receipts of all 

 livestock during September compared 

 with the same month a year ago. 

 Producers' cattle receipts increased 

 8.7 per cent, whereas market receipts 

 •;> (Continued to page 17) 



