At speakers' table of the Illinois Grain 

 Corporation annual meeting, left to right 

 Charles Nieman. Farmers Union Groin 

 Terminal Association, St Paul, Minn.; Don 

 E. Edison, secretary. Farmers Groin Deol- 



TODAY the No. 1 job facing coopera- 

 tive elevators is to get the young 

 farmer interested in the cooperative grain 

 marketing movement, Don E. Edison, 

 secretary of the Farmers Grain Dealers 

 Association of Iowa, declared at the an- 

 nual meeting of the Illinois Grain Cor- 

 poration in the Hotel Sherman, Chicago. 

 The Illinois Grain annual meeting was 

 held in conjunction with the 30th an- 

 nual meeting of the lAA. 



"We must remember," Edison said, 

 "that the young farmer today does not 

 know of the grain cooperative's history 

 back around 1900 and the struggle that 



ral Youth Mixer and Good Time Session 

 in the Bal Tabarin. Square and social 

 dancing were enjoyed. 



A committee of five, representing the 

 several districts of the state, was in over- 

 all charge of the program. Members 

 were Margaret Sharp, Woodford ; Frank- 

 lin Allen, Tazewell; Lester Sterchi, 

 Richland; Harold Toekpe, McLean; and 

 Lawrence Hebert, Christian. Alternates 

 were Harold Teeples, Kane; Evelyn 

 Mire, McLean, Theron Summers, Ed- 

 wards ; Don Bowton, Peoria, and Qifford 

 Betzold, Montgomery. 



A new state committee was elected at 

 the final meeting, held Thursday morn- 

 ing, with Harold Teepke as chairman. 

 Talmage DeFrees, lAA vice-president, 

 brought greetings, and W. B. Peterson, 

 director of distribution, Illinois Farm 

 Supply Company, spoke. 



Members of the new committee, which 

 will supervise youth activities for 1945, 

 are as follows: northern Illinois, Joseph 

 Brankey, Kane county ; central, Bob Crox- 

 ton, Schuyler; southern, Wanda Brad- 

 shaw, Wayne; at large, Bill Thomas, 

 Whiteside, and Jewell Emmerich, Jasper. 

 Alternates, northern, Willis Ehnle, Pe- 

 oria; central, Jerry Leeper, Fulton; 

 southern, Forrest DeTroy, White; at 

 large, Warren Carlson, Winnebago, and 

 Tom Kerley, Brown. 



ers Associotion of lowo: E. I. Eozmarek. 

 IGC ossistont treasurer ond Chicogo office 

 monoger, and E. E. Stevenson, LoSolle 

 county, IGC president IGC poid o cosh 

 potronoge dividend of $91,000. 



was necessary to assure the future of the 

 farmers' elevator movement. 



"To me it is an educational program 

 in getting the young farmer to become 

 a member and to become interested in 

 coop)erative endeavor. I also think it 

 is important that we realize the owner- 

 ship and control must at all times be 

 vested in the hands of the agricultural 

 producer. When a cooperative elevator 

 ceases to serve the best interest of the 

 agricultural producer, then we have rea- 

 son to believe there is little need for 

 its existence." 



While Edison paid tribute to the ef- 

 ficiency of the Illinois Grain Corpora- 

 tion and for the job it is doing, Edison 

 said it might be well to make plans for 

 having grain facilities in Chicago. 



"Here we are in Chicago," he said, 

 "the largest grain market in the world, 

 and still there is not a cooperative or- 

 ganization operating terminal facilities." 



He cited other members of the Fed- 

 eration of Grain Cooperatives whose 

 members are operating in almost every 

 important terminal market in the United 

 States. 



Volume of grain handled by the Illi- 

 nois Grain Corporation in the last fiscal 

 year was the largest in any of the six 

 years of operation, Frank Haines, man- 

 ager, reported. Approximately 1 7 14 

 million bushels were handled during the 

 period, or an increase of 23 per cent 

 over the previous period. Savings for 

 the year were more than 41/2 times the 



f)revious year, while expenses increased 

 ess than 1 1 per cent. 



A cash patronage dividend of approxi- 

 mately $91,000, and a patronage in the 

 form of class "C" stock of approximately 

 $246,000 was declared and paid on busi- 

 ness handled in the last and previous 

 years. The cash dividend was on patron- 

 age for the year July 1, 1943 to June 30, 

 1944. The patronage stock was issued 

 on the basis of business placed with the 

 Illinois Grain Corporation for the six 

 years starting with 1938-39 and up to and 



Must Interest 



I 



in 



CO-OPS 



including the 1943-44 fiscal year ending 

 July 1, 1944. 



"The patronage dividend on business 

 in the last year approximated li^ cents 

 per bushel, after paying a 6 per cent 

 dividend on the preferred stock and mak- 

 ing suitable additions to surplus. 



During the year, Haines said, the 

 "Uniform Field Service Agreement" be- 

 tween the county Farm Bureaus and the 

 Illinois Grain Corporation was, by mu- 

 tual consent, cancelled and the "Market- 

 ing Agreement" between Illinois Grain 

 Corporation and its member elevators 

 was changed and simplified. Under the 

 new agreement any patronage dividends 

 declared will flow directly to member 

 elevators. 



In order to facilitate the handling of 

 grain for members, Illinois Grain is 

 qualified to do business on the established 

 grain exchanges in Chicago, St. Louis, 

 and Peoria. Branch offices are main- 

 tained at Champaign, Bloomington, Men- 

 dota, and Jacksonville. 



Illinois Grain owns the elevator at 

 Morris, but operates it under lease to a 

 local elevator group. Control of this 

 elevator affords an outlet by water for 

 grain from the immediate vicinity. 



Mutually beneficial relations continue 

 with Indiana Grain Coojjerative of In- 

 dianapolis through whom grain from 

 Illinois is handled cooperatively with sub- 

 stantial savings returned. 



In the last year, Haines reported, serv- 

 ice has been extended to producers in 

 Iowa. The Farmers Grain Dealers' As- 

 sociation of Iowa qualified as a member 

 during the year and has contributed a 

 substantial volume of grain to the total. 

 This volume has aided materially in de- 

 creasing the cost and increasing the sav- 

 ings per unit. Producers in both states 

 have benefited by the arrangement, 

 Haines said. 



DECEMBER, 1944 



