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November, 1932 



THE I. A. A. RECORD 



Page Seventeen 



Livestock Marketing 



(Continued from page 16) 



of salable cattle fell off 11.5 per cent. 

 The Chicago co-op handled 12.5 per 

 cent of the salable receipts of hogs 

 compared with 10.9 per cent in Sep- 

 tember a year ago. 



The market for fed cattle is ex- 

 pected to hold fairly steady during 

 the winter, according to H. M. Con- 

 way of the National Livestock Mar- 

 keting Association. This situation, 

 he believes, makes short feeding of 

 the lower and intermediate grades 

 reasonably favorable for the period 

 February to April. Supplies of hogs 

 are expected to be lower in the late 

 winter. 



Feeder lamb prices have weakened 

 during the past eight weeks making 

 a favorable situation for the feeder. 

 The greatest scarcity of fed lambs 

 and highest prices are expected dur- 

 ing the winter. 



Insurarass 



By L. A. Williams 



WHATEVER the original motive 

 back of Country Life Insur- 

 ance Company may have been, and 

 we who had to do with it believe it 

 was service, the fact remains that it 

 has performed an invaluable service 

 to the farmers of Illinois. 



Eastern Livestock Men 



Organize At Baltimore 



The Eastern Livestock Cooperative 

 Marketing Association, with head- 

 quarters at Baltimore, Maryland, was 

 recently admitted to membership in 

 the National Livestock Marketing 

 Association. L. T, Skeffington, for- 

 merly with the Illinois Agricultural 

 Association, has been employed as 

 manager. 



The Eastern Association was or- 

 ganized in September, 1931, by stock- 

 men and farmers in the States of 

 Virginia, West Virginia, Tennessee, 

 Maryland, North Carolina Pennsyl- 

 vania, and New York, and serves live- 

 stock producers in this territory. Its 

 first selling agency started operations 

 at the Union Stock Yards, Baltimore, 

 Maryland on August 1, 1932. During 

 August, the Eastern handled 3.652 

 head of livestock valued at $40,645, 

 while during September the Associa- 

 tion handled 5,542 head valued at 

 $85,200. 



Indiana Votes On 



Income Tax Amendment 



The Indiana Farm Bureau Federa- 

 tion will sponsor income tax legis- 

 lation in the coming session of the 

 General Assembly at Indianapolis. 



The Farm Bureau has recom- 

 mended and urged the passage of 

 an income tax in Indiana during 

 past years as a replacement tax that 

 farmers and property owners may be 

 relieved of a part of their heavy tax 

 burden. 



An income tax amendment to the 

 state constitution will be submitted 

 in the general election in Indiana 

 on November 8. If the amendment 

 passes it will settle for all time the 

 constitutionality of a law to tax in- 

 comes says Lewis Taylor, director of 

 the tax and legislative department. 



$274,000 has been paid out in death 

 claims to farmers' beneficiaries since 

 we started three and a half years 

 ago. 



More than $125,000 in dividends 

 have been paid to living policyhold- 

 ers. 



More than one-half million dollars 

 of premium outlay has been saved to 

 farmers over the past three and a 

 half years, because of the lower first 

 cost of Country Life under the aver- 

 age participating life insurance 

 premium. 



Another savings which has accrued 

 to the benefit of policyholders 

 through careful management in the 

 handling of funds is the holding and 

 preserving securely, by careful in- 

 vestment, of $1,600,000 of Company 

 funds, not one security of which is 

 in default, and the accumulating of 

 $300,000 of surplus, through earnings 

 and savings, for policyholders. 



Still another service for farmers 

 has been the placing of more than 

 $50,000,000 of life insurance with 

 farmers, a great number of whom 

 would never have carried any life 

 insurance had it not been for the 

 confidence they had in their own 

 Company, and the service they re- 

 ceived from their own leadership and 

 their own people. Needless to say, 

 many thousands of dollars have been 

 paid out to beneficiaries who would 

 have had no life insurance had it 

 not been for the origin of Country 

 Life. 



We have paid out to Farm Bureau 

 members who are agents of Country 

 Life $570,000 in commissions, of 

 which the Farm Bureaus have re- 

 tained as their over-writing share 

 nearly $60,000. 



Country Life Insurance Company 

 has made a gain every month since 

 it has been in business. Its income 

 today is more than a million dollars 

 yearly. It is true that we have lapsed 

 several million of business, but we 

 have always gained more in new 

 business than we have lapsed. 



This Company has been built dur- 

 ing the three and a half years of 

 depression. Its record of accomplish- 

 ments is unequaled anywhere in the 

 annals of life insurance history. The 

 fact that farmers have built this 



Company and operated it for their 

 own benefit during the hardest fi- 

 nancial years known to the country 

 is proof of their ability to operate 

 their own business in practically any 

 line of marketing or group purchase, 

 or through group action to build a 

 defense against unjust legislation, 

 and for fair taxation. 



In fact. Country Life Insurance 

 Company stands as a monument to 

 the ability of farmers to act in 

 groups for their own welfare. 



Achievement Day Jubilee will be 

 December 10, culminating in a radio 

 broadcast that evening from 8:30 un- 

 til 9:00, over WLS, at which time the 

 accomplishments of the various 

 counties, will be broadcast, also the 

 names of the Country Life Queens. 

 About seventy counties will hold 

 beauty contests. Other counties will 

 hold entertainments of other kinds. 



$38,000,000 Loaned 



Livestock Growers 



The National Feeder and Finance 

 Corporation, co-operative credit 

 agency affiliated with the National 

 Live Stock Marketing Association 

 with headquarters at Chicago, has 

 loaned to livestock growers during 

 the past two years more than 

 $38,000,000. 



The six regional credit corporations 

 loaning money to livestock growers 

 are located at Chicago, Denver, San 

 Francisco, Salt Lake City, Oklahoma 

 City, and Fort Worth. These regional 

 credit corporations now have a total 

 loan capacity of approximately $40,- 

 000,000 On September 1 only about 

 $10,000,000 of loans were outstand- 

 ing. There is still $30,000,000 available 

 for loans. 



Illinois livestock growers can get 

 full information about loans by 

 writing the National Feeder and Fi- 

 nance Corporation, Builders Build- 

 ing, 228 No. LaSalle St., Chicago. 



The average taxes in dollars per acre 

 in 1913 and 1930, and the 1930 indexes 

 based upon 1913 as 100 per cent, are 

 reported as follows: Ohio, $0.53 in 1913, 

 $1.36 in 1930, index 258 per cent; Indi- 

 ana $0.59 in 1913, $1.41 in 1930, index 

 237 per cent; Illinois $0.49 in 1913, 

 $1.16 in 1930, index 235 per cent; Michi- 

 gan $0.54 in 1913, $1.34 in 1930, index 

 247 per cent; Wisconsin $0.47 in 1913, 

 $1.07 in 1930, index 226 per cent; Min- 

 nesota $0.29 in 1913, $0.83 in 1930, in- 

 dex 291 per cent; Iowa $0.56 in 1913, 

 $1.24 in 1930, index 222 per cent; Mis- 

 souri $0.14 in 1913, $0.45 in 1930, index 

 311 per cent. 



Editor, , vy,::-r. /::-/' :\ ■'■.'':'-fi^' 



I. A. A. RECORD 



The September issue of the RECORD 

 is one of the best of the year. I read 

 it from cover to cover.— Geo. P. Tnllock, 

 Winnebago County, 111. 



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