.^•. 



•J . 



Farm Bureau Members 



Preferred Auto Risks 



A. -" 



■ v/-. «... , 

 . ■ « .' ' 



^ Evidence that Farm Bureau mem- 

 bers are better than average risks for 

 auto insurance is borne out by the 

 startling figures issued by the Na- 

 tional Safety Council. This organiza- 

 tion prophesies that out of the 23,- 

 000,000 cars registered in the United 

 States, from 30 to 50 per cent will 

 have an accident during the year. In 

 stark numbers this means that every 

 second or third car you see on the 

 road will have an accident. 



On the other hand, statistics fur- 

 nished by A. E. Richardson, manager 

 of Illinois Agricultural Mutual Insur- 

 ance Company, show that only one out 

 of every five cars driven by the 33,000 

 Farm Bureau member policyholders 

 in the company will have an accident 

 during the year. 



This vast difference in percentage of 

 accidents accounts for the exceptional- 

 ly low rates quoted by Illinois Agri- 

 cultural Mutual. Preferred risks, such 

 as Farm Bureau members, inevitably 

 cut the cost of insuring. A company 

 having an exceptionally high rate can 

 usually be found to be carrying an 

 over amount of ''risky business" and 

 must charge enough to make up the 

 losses poor risks bring. 



Illinois Agricultural Mutual, like 

 any other company, operates accord- 

 ing to the law of averages. The price 

 of insurance is based on it. Thus, 

 when the national accident average is 

 one out of every two or three cars, it 

 is clear enough that the Illinois Farm 

 Bureau average of one out of five 

 cars should result in lowered insur- 

 ance cost. That it has reduced the cost 

 is another example of what farmers 

 can accomplish for their mutual bene- 

 fit by working together. 



kJ. New Organization Plan S; 



The new I. A. A.-Farm Bureau or- 

 ganization plan was explained at two 

 meetings of County Farm Bureau of- 

 ficials late in March at Peoria and 

 Centralia. The former plan with dis- 

 trict organization managers has been 

 discontinued. The new program pro- 

 vides for a full time organization man 

 in a county or group of counties whose 

 main interest shall be securing new 

 members and collecting dues. He is to 

 be employed jointly by the state and 

 county organizations. "' :- i- : 



• ^ 1*he board of directors of the In- 

 diana Farm Bureau recently adopted a 

 resolution urging Indiana congressmen 

 to sign a petition to bring to the floor 

 #f Congress the Frazier-Lemke bill so 





■ ,,:-'.■ *'-y '■■:^ 





that its merits and demerits may be 

 discussed. 



The bill provides for refinancing 

 existing farm mortgages at 1% per 

 cent interest with payment of 1^ per 

 cent on the principal each year on an 

 amortization plan so as to pay off the 

 loan in 46 years. 



At a meeting of stockholders of the 

 Soybean Marketing Association in De- 

 catur April 16, President John W. 

 Armstrong was authorized to appoint 

 a committee to consider and recom- 

 mend a program for future soybean 

 marketing. 



Co-ordination of organized buying 

 of farm supplies by state Farm Bu- 

 reau federations was considered at a 

 conference called by the A. F. B. F. in 

 Chicago April 23. 



The American Farm Bureau Feder- 

 ation is backing House Bill 6474 giv- 

 ing the Secretary of Ag:riculture reg- 

 ulatory control over direct buying of 

 livestock. ■> 



lt*s Time to Organize 



(Tune, Battle Hymn of the Republic) 

 Come on farmers of our Nation to our 



present need arise, 

 Let us enter in the conflict for it's 



time that we were wise. 

 There's a ray of hope now bursting 



through the dark and cloudy skies. 

 It's time to organize. 



l-:;^'i ,,....,.,... (Chorus) '''MlZiL 



» '■ • ! >■ 



We are now amid a crisis. 

 We're not getting equal slices. 

 What we need is parity prices. 

 It's time to organize. 

 We've been working independently for 



many years you see. 

 Tho' it's adding to our sorrow and we 



fret increasingly. 

 And there's one and only one way we 

 , can gain the day, by gee. 



It's time ^o organize. >;^ ? V 

 *? ;: y"'- ^'v ( Chorus ) '•'..' \^^\';- 



We must fight old man depression and 

 must wield a mighty hand. 



For we want to see him buried far be- 

 neath the clay and sand. *' 



Or forever we must drive him now 



; from this our glorious land. 



: It's time to organize. • / 



. (Chorus) .,;,/•■; •■':'/ 



We must join ourselves together till 

 one hundred thousand strong, ;. 



That our voice may cry for justice and 

 re-echo loud and long. 



So now come_ along, don't hesitate, but 

 join us in our song. 



:■■■',..:.'■: It's time to organize, 

 •". -:' '^^ • (Chorus) " 



; —John S. Booker, DeWitt County. 







**• ' k ' • 



-ST • \ 



»■" ^ . ., *" •■ ■"*'. 



■■: ..\:. <*' 



■'■^ •■:.-:.-• .-'• 







Cattle prices have shown substantial 

 improvement and the market continues 

 in a strong position. However* sup- 

 plies will be seasonally large during 

 May and June. Heavy steers are now 

 topping the market and are expected 

 to continue in a favorable position dur- 

 ing the summer and fall. The curtail- 

 ment in cattle feeding will be most 

 noticeable during the last half of the 

 year and particularly noticeable in 

 the case of the better grades. 

 In view of this, outlook for the 

 summer and fall is quite favor- 

 able, and there is an opportunity to 

 short feed for that period. This calls 

 for top quality and full grain finish. 

 The cattle market this fall is expected 

 to be supported by a strong demand 

 for stockers and feeders, thus making 

 for a condition quite the reverse of 

 last year. 



The hog market is now entering a 

 seasonally weak position and the situa- 

 tion calls for a close marketing of 

 hogs in feed lots, and prospective con- 

 ditions are favorable for carrying as 

 many hogs as possible into the sum- 

 mer. More or less liquidation of breed- 

 ing stock is expected during May and 

 June and low grade and unfinished 

 hogs will naturally be severely penal- 

 ized. This situation should make sum- 

 mer feeding desirable and a much 

 Inore favorable feeding ratio is ex- 

 pected after the middle of the year. 



While the lamb market continues in 

 a stronger position there is consider- 

 able over-lapping in the supply of f •d 

 lambs and the early movement of 

 spring lambs. It is well to keep feed 

 lots fully topped out as the competi- 

 tion will tend to increase during early 

 May. As to southern lambs conditions 

 are not so favorable so they will tend 

 to move later and be thrown in more 

 direct competition with grass-fat 

 lambs from the Pacific northwest. As 

 a whole the lamb market is in a 

 strongrer position and is expected to 

 continue at a relatively high level dur- 

 ing the balance of the year. 



$22 1 5 Cash Refund 



The Illinois Agricultural Auditing 

 Association recently distributed $2,216 

 among 154 stockholders. This distri- 

 bution involves the redemption of 44S 

 shares of stock of $5 par value issued 

 against working capital contributions 

 made in 1928. The average refund per 

 company was $14.38. '^::/^'.' :•'■■'':' \\-.'.-: 







i! A. A. RECORD 



Number 



'■ ■>■ 



A 



S Tl 

 an( 



clear, are 

 of thougl 

 tation an< 

 extent th 

 into a ba 

 the have 

 in the sit 

 govemme 

 philosophy 

 governme 

 himself a 

 most. Urn 

 ters repr< 

 capital an 

 to build, 

 vestors' c 

 the count 

 private t( 

 and infln 

 trolling g 

 their aims 

 This fir 

 largely hi 

 something 

 lated priv 

 ness. It 

 dividual g 

 drive th 

 to extra 

 acquire i 

 power c 

 This sys 

 ■ Weloped t 

 try, c r 

 wealth, 

 America 

 industria 

 and a 

 power. 



Sharp 1 

 iti 



But it 

 to sharp 

 ities in 

 t r i b u 

 money t 

 erty, to c 

 tion of ; 

 the banc 



Publishod 

 Bnterefl ni 

 V 1W6. awt! 

 Dearborn 1 



> .•' -..'■. 



.!. - • ••' 



i^\ 



t ^ 



