AL ASSOCIATION RECORD 



PACE SEVEN 



pe claaaes of locally assossoil 

 Iperty, ox('«>pt such property a»- 

 ped HKainst railroads: 

 Net DtHTfHsc xn .'.ssessed 

 \'aliiulloii.s 

 of l>ro|K>rly l»:t<) In 193:{ 



\Ax and 



|iM>t-ovpiiipiitH ... $45:i,28l,:tl3 

 til HIIti flly lolM UIKl 



|npf4»vciiipntM 202.1»:!.«1N 



iiunal i»ro|ierO IH6,I'|7,»«» 



Jvpiage reductions in aBscK.")*! 

 jations from 1930 to 1033 w.re 

 U per cent on lands and ini- 

 ienien(>', 17.SG per cont on town 

 city lots and improvements. 

 3LM7 per cent on perBonal 

 k>erty. The Iobh of 40.66 i>er 

 of estimated values of farm 

 Is and improvements from 1 !•:)(> 

 p33 com|)uted in the index 

 ibers of values slvon by tho 

 led States Department of .Ar- 

 jltiire, may be compared with 

 1 reduction of :.'6.84 per cent in 

 Issod valuations of all lands and 

 Irovements. It seems clear that 

 lictions in assessed valuations 

 ]finds and improvements lafinpd 

 Tar behind the loss in actual 

 les, that the avernce basis o;' 

 Issment oi' rural real estate in'' 

 lois had increased from a'mut i 

 Ur cent of actual values In lO'to 

 Ibout 50 per cent of actual val- 

 |in 1933. 



the Inck of any inlormation 



|otal actual values of town and 



lots, including improvements, 



of personal property In any 



it is not possible to compute 



t)R of assessed valuations to ac- 



J values for olthor of these clas- 



|of property. Such assessment 



1>« can be computed only by 



compiling a fair volume of sam- 

 pies of such properties, either lots 

 or personal, taken at random, the 

 total assessed vahiatlons of which 

 can be compared with the total 

 amounts in cash voluntarily paid 

 for the same properties. The same 

 method can also be used in com- 

 putiuK the average ratio of asaess- 

 inents to cash values of lands. 



In 1933 substantial reductions in 

 assessed valuations of lands were 

 made in the following coimtiA: 

 IVrcenlatre Of Dei-rraM' In Valua- 

 tions ul J,«auc}s, 1»32 tn 19»a. 



IVri'ciilage 

 Coiiiitir of l)eof€'asP 



Kdgar ...........' 24.98 



1 unihorlMiid 20.92 



.Macoupin 20.65 



I»lHtt 20.14 



Mni'shall 20.02 



Ford . . . . k 20.01 



Sliriby 20.01 



Mclx'aii 19:94 



Morgan 19.72 



Kankakee 19.55 



Crawford 15.56 



ANNOAL REPORT 



S 



OF 



Some idea of the extent to which 

 farmer-owned and controlled or- 

 sanizations are carving: a niche 

 for themselves in the business of 

 the state can be gained from the 

 reports submitted by each com- 

 pany upon the close of last year's 



business. Sponsored and directed 

 to a large extent by the Illinois 



.\ g r icultural Association, these 

 Wot'idVord .■;.'.'.'!;;!.!.■.■.■.■. ,\vo6l'f>'"P«"'<^s '«"•"'«"«' rate the unde- 

 1 ivingstcm l-> 01 "'**'''' *^''^* ^^^^ farmers forced by 



\Vlnneha«o ' ." .' \ \ '. '. .' .* .* .' " .' ." ." . 1 l.»4 ^iTumstances to organize their 



M«i)o„ouKl. H.8» !'"" ♦"" '^'P.«se« have done a job 



Coles ' 10 48 '*" shame many similar 



Mercer . . . . . . * .' . ..!..!!!!! lo!4| k^""'''P> 'sea functionine for private 



Ktepheii.'.on ...'.'...'.'.'.'.'.'.'.. lo!o6 1 S^'" 



Honders-on 10.00 i Probably not so well known but 



' exti emely important to the proper 

 conduct of farmer-owned business- 



l-<'e 9.93 



<>Kle 9.89 



(irundy 9.84 



Jo DavlesN 9.56 



Wlilteslde 8.32 



Carroll 7.65 



Williiuii.^on 6.93 



J««rfcrH«»n 5.09 



Saline county Is the only county 



repoiting a large increase In as- 

 sessed valuations of lands. The in- 

 crease over the assessed valua- 

 tions* of lands in 11)32 appears to 

 bo 10.96 per cent. 



ea is th« Illinois Agricultural Aud* 

 Iting Association. Tliis company 

 completed 34 audits for its mem- 

 bers during 1933. which was a gain 

 in membership of 17 over 1912. 



Karmeis Mutual Ite-insuranco 

 Company increased the amount of 

 insurance In each of its clastlf^ 

 cations' to $38,000,000 of fire, hail, 

 tornado, and li^^htning inaurance 

 in force, an Increase of *$10,400.- 

 000 over 193:'. Only eight .\ears 

 old. Farmers .Mutual, in offering 

 protection at cost, ju.stifies great- 

 er expansion of its serviees during 

 the present year. 



From an humble beginning sev- 

 en years ago, Illinois Farm Sup- 

 ply (■ompan>' has grown to bo th» 

 laiKCst purchasing organization of 

 petroleum products serving farm- 

 er-owned and operated companies 

 in the United States. During 1933, 

 Ful■n^ .'Supply handled 40,000,000 

 gallons of petroleum products, re- 

 ceived its largest net income of 

 $1L'8.L'87. and returned a ijatrouage 

 refund to Its affiliated companieai 

 of $100,000. Since its founding it 

 has returned to its owners and 

 patrons in the form of |)atronaKe 

 dividends approximately $350,000. 



The succe.«8 of these various 

 f a r m p r-owned companies has 

 drawn the attention of leaders and 

 business men in all walks of life. 

 Kxcept where selfish motives 

 prompt adverse criticism, peopl* 

 in the towns and cities are ap- 

 plauding farnitrs for their .spirit, 

 determination and aucecss in help- 

 ing themselves through group ac- 



tion. 



,Y 



ORGANIZATION CAN 



VE THE PROBLEMS OF 



ced — nb hanging back when fire breaks out at a neighbor's place. Other neighbors pitch in and 

 ngle idfea in mind. THE FIRE MUST BE STOPPED. Everyone knows that group action is 

 all kn^^ that one man alone would be helpless . . . Today, as in y e a r s gone by, neighbors 

 ther tq fight other destructive forces. Acting in unison they have worked against unjust 

 rm priJes, high production and transportation costs, dishonest money — the many things that 

 y foundation of prosperous farm life. . - • 



Many! wrongs have 



Here is ttrk ahead for 



e must He placed on a 



actory haais. Careful 



•at ion of farmers will 



ear you 



today an 



carry oi 



)or to joip the I. A. A. 



here is a non- 



tell him that 



the farn'er's 



prices, ^e him at once. 



action can win. 



iCTWON 



:OST! 



GET YOUR 



NEIGHBOR 



TO 



JOIN! 



Farmers Mutual Re-insurance Company 

 owes its existence to Organized Farmers. 

 Founded to offer security and protection at 

 cost. Farmers Mutual today has policies in 

 force totaling more than $57,000,000 fire, 

 wind, hail and lightning insurance. Ample 

 reserves and strong re-insurance enable this 

 reliable, legal leserve company to pay claims 

 promptly. Farmers Mutual is co-operating 

 100% with the I. A. A. — Farm Bureau new 

 n^ombcr campaign. , - -. • 



FARMER 



OWNED AND 



OPERATED 



FIRE 



TORNADO 



HAIL-LIGHTNING 



RN 



MERS MUTUAL 



URANCE COMPANY 



:.,:•■.• /.v,--.- •:•. :. : — :— :.::^ :v.-..:,- CHICAGO,ILL. 



BH 



I • v. 



