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 • * 



Cattle feeding looks attractive from a 

 long-time standpoint, and where feed is 

 available the situation is particularly fa- 

 vorable for finishing top steers for next 

 Bummer, according to H. M. Conway, 

 .market specialist of the National Live 

 Stock Marketing Association. Best long- 

 fed steers now in feed lots are in a steady 

 to strong position. 



Reduced marketings of hogs are ex- 

 pected to be accompanied by higher 

 prices during August and through most 

 of September. With the corn crop 

 pcarcely 60 per cent of normal, feed 

 prices will continue relatively high dur- 

 ring the balance of this year. The long- 

 time outlook, Conway believes, is favor- 

 ^ble but to profit by the prospective 

 situation, it is necessary to maintain 

 breeding stock as the corn and hog situa- 

 tion is likely to be completely reversed 

 pt year tvom now. As to hogs in feed lots, 

 the market calls for finish, and some de- 

 Jay and additional weight seems safe 

 during the latter part of August and 

 early September, j. : ^ 



Drought hi^g changed the sheep feed- 

 ing situation rather sharply. The pro- 

 portion of feeder lambs has increased 

 und a rathei? strong potential feeding 

 demand has been offset and delayed. With 

 H relief buying program for ewes the 

 situation could be improved materially 

 find a late feeding demand is expected to 

 develop. For some time lambs should be 

 marketed only as they are finished and 

 in the corn belt many lambs need grain 

 or late pastures to put them in killing 

 (copcjition. From ^ long-time standpoint, 

 the present emergency will tend to put 

 the sheep industry in a stronger posi- 



gt. Louis Producers Show Increase 



During the first six months of 1934 

 the St. Louis Producers handled a total 

 of 4,183 carloads of livestock, a slight 

 gain over the corresponding period of 

 11933 in spite of heavy '34 decreases in 

 fn^rket receipts of hogs and sheep. Re- 

 ceipts of cattle and calves show an in- 

 crease, due in part to shipments of live- 

 stock from drought areas. 



Farmers who have a surplus number 

 of pigs over their allotment may (1) 

 keep the pigs and cancel their corn-hog 

 contract if the surplus is great, (2) do- 

 nate the extra pigs to a federal relief 

 agency, (3) market the surplus pigs and 

 pay a penalty of |20 for each hog mar- 

 keted in excess of quota, (4) destroy the 

 runty, slow-growing pigs of inferior qual- 

 ity on the farm so as to copiO within the 

 allotment. • 



20 



No Limit On Feeder Pigs 



Corn-hog contract signers may make 

 unlimited purchases of feeder pigs from 

 August 1 to November 30, 1934 under a 

 new ruling. Such pigs must be ear- 

 marked or kept separate from hogs pro- 

 duced on the farm, and within one week 

 following date of purchase the buyer 

 must file a statement with the county 

 committee, signed by the seller, giving 

 full information about the purchase. 



Wheat or other small grains may be 

 planted by corn-hog signers in 1934 

 without restriction, if pastured or har- 

 vested for hay. 



19 New Members Join 



I. A. A. Auditing Group 



Farmers National Acts 



To Boost River Trade 



Elevator facilities, barges and other 

 equipment owned by the Turner-Hudnut 

 Company of Peoria and Pekin will be 

 used by the Farmers National Grain 

 Corp. under a recent arrangement com- 

 pleted by the two organizations. The 

 elevators are located at Pekin, Chilli- 

 cothe, Henry and Hennepin. 



The arrangement will afford the co- 

 operative an opportunity to assemble 

 and load barges for movement into Chi- 

 cago or south to St. Louis, Memphis and 

 New Orleans. 



It will provide facilities for Farmers 

 National to handle an estimated five to 

 six million more bushels of grain an- 

 nually. Farmers National owns a good- 

 sized elevator at Havana, and has fa- 

 cilities at Peru and Ottawa for loading 

 barges. A big elevator is nearing com- 

 pletion in Peoria and another new ele- 

 vator is contemplated at Morris. ;. 



Farm Income Higher In 



> 1933 On Illinois Farms 



Thirty-two farms in Knox county on 

 which farm accounts were kept in co- 

 operation with the Farm Bureau and 

 State Extension Service made an av- 

 erage net income of |2,038 a farm in 

 1933 as compared to an average net loss 

 of $477 in 1932. Much of the increase 

 in income was due to a gain in inven- 

 tory, although the cash income was 

 higher. 



Average receipts for the 32 farms 

 were 60 per cent of those in 1929. The 

 most profitable one-third of the farms 

 showed an average net income of $3,608. 

 The least profitable third had $752 a 

 farm. }' ■ ^ " '■'•■ " - '■ - ■'■'■'■■■■.•;;■_;;,•■;•:; 



niinois Grain Corporation received 

 word on August 10 that the Anchor 

 Farmers Elevator in McLean county had 

 been destroyed by fire. The Anchor Ele- 

 vator was one of the first to join the 

 state co-operative. 



i: •: 



The importance of keeping accurate 

 records and knowing exactly the financial 

 condition of the co-operative association 

 or company may not be apparent to 

 many members. Yet more companies 

 have gone broke because directors and 

 managers failed to keep careful check of 

 income and expense, losses and profits 

 than possibly from any other cause. 



The fact that Illinois co-operatives, set 

 up with the help of the I. A. A. and 

 County Farm Bureaus and other co-op- 

 eratives, have available the services of 

 competent auditors at cost through the 

 Illinois Agricultural Auditing Associa- 

 tion, has an important bearing on the 

 uniform success of such business enter- 

 prises in this state. 



' In the seven months beginning Jan. 1 

 this year the Auditing Association com- 

 pleted 218 audits compared with 182 in 

 the same months last year — an increase 

 of 36. 



., Nineteen new members, likewise, were 

 signed since January 1 as follows: 



Farmers Grain Company, Kane, 

 Greene County; Walnut Grain Company, 

 Walnut, Bureau County; Lawrence Coun- 

 ty Farm Bureau, Lawrenceville, Law- 

 rence County; Lawrence Co. Mut. Fire 

 Ins. Co., Lawrenceville, Lawrence Coun- 

 ty; Pike County Service Company (Office 

 at Quincy, 111.), Pittsfield, Pike County; 

 Altona Farmers Telephone Co., Al- 

 tona, Knox County Rock Island Service 

 Company, Moline, Rock Island County; 

 Galesburg Pure Milk Assn., Galesburg, 

 Knox County; Penfield Farmers Grain 

 Co., Penfield, Champaign County; War- 

 ren County Service Co., Monmouth, War- 

 ren County; Henderson Service Com- 

 pany, Stronghurst, Henderson County; 

 Paxton Farmers Grain Company, Paxton, 

 Ford County; Producers Creamery of 

 Champaign, Champaign, Champaign 

 County; Kenney Elevator Company, Inc., 

 Kenney, DeWitt County; Allen Farmers 

 Elevator Co., San Jose, Mason County; 

 Danville Producers Dairy, Inc., Danville, 

 Vermilion County; Bergeson Grain Com- 

 pany, Ashton, Lee County; Altona Co-op. 

 Grain Company, Altona, Knox County; 

 Ottawa Co-op. Grain Company, Ottawa, 

 LaS'Ue County. 



$32. 1 6 Refunded Per Member 



I 



Dividends declared by the Kane Coun- 

 ty Service Company in 1933 averaged 

 $32.16 per member customer. This means 

 that the average Farm Bureau member 

 patron not only received his Farm Bu- 

 reau dues back in refunds from this one 

 service alone, but also an additional $17 

 for co-operating in the project. 



L A. A. RECORD 



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