INCORPORATE 



ILLINOIS GRAI N TERMINALS 



COMPANY 



ANOTHER forward step in the lAA's 

 comprehensive plan for cooperative 

 grain merchandising was taken in 

 February with the incorporation of the Il- 

 linois Grain Terminals Company. 



This company will acquire elevator 

 facilities at the terminal markets and 

 barge equipment for the movement of 

 grain on the Illinois and Mississippi 

 waterways. 



What does the establishment of a grain 

 merchandising cooperative like the Il- 

 linois Grain Terminals Company mean to 

 the average grain farmer of Illinois? 



Let's look at cooperative grain market- 

 ing developments to date. Heretofore, 

 the Farm Bureau's statewide grain mar- 

 keting efforts have been confined to the 

 commission and brokerage business. In 

 other words, the Farm Bureau's program 

 was to sell grain for its member elevator 

 companies. Farmers profited in the sav- 

 ings in commissions Dy selling through 

 their own cooperative. 



Now in recent years there has been a 

 demand on the part of farmers' elevators 

 of the cooperative type and the Farm 

 Bureaus, adjacent to both the Mississippi 

 and Illinois rivers, for an expanded pro- 

 gram of merchandising. This would en- 

 able the grain producer to sell his grain 

 to his local elevator which will as a mem- 

 ber of the state company, sell the grain 

 to Illinois Grain Terminals Company. Il- 

 linois Grain Terminals will in turn sell 

 the grain to processors, millers, etc. In 

 this way, the farmer will have a direct 

 channel from his farm to the consumer. 



By having control of his grain from the 

 farm all the way to the consumer, the 

 grain producer is in a position to share 

 in the earnings of the grain merchandis- 

 ing business. The earnings, of course, 

 of the grain merchandising business have 

 always been far greater than that of the 

 grain commission or brokerage business. 



Along with the Illinois Grain Ter- 

 minals Company, the Illinois Grain Cor- 

 poration, the lAA's statewide commis- 

 sion company, will continue to render a 

 commission and brokerage service to its 

 member elevators, to the Farmers Grain 

 Dealers Association of Iowa, and the 

 Indiana Grain Cooperative, Inc. 



Since the Illinois Grain Terminals Com- 

 pany is a Farm Bureau-sponsored com- 



pany, it will be tied into the Illinois Agri- 

 cultural Association by the issuance of 

 Class B stock which will be held by the 

 lAA. 



Incorporators of the new company are: 

 Harvey W. Adair, Chicago Heights; C. 

 J. Elliott, Streator ;. Lyman Bunting, El- 

 lery; August Eggerding, Red Bud; Ho- 

 mer Curtiss, Stockton ; R. V. McKee, Var- 

 na; John T. Evans, Hoopeston; Milton 

 W. Warren, Mansfield; Ronald R. Holt, 

 Galva; J. King Eaton, Edwardsville, and 

 Charles Lauritzen, Reddick. 



Backbone of the business of the Il- 

 linois Grain Terminals Company will 

 probably come from river operations that 

 are being organized by County Farm Bu- 

 reaus on or near the Illinois and Missis- 

 sippi rivers. 



Three such companies already have 

 been organized. They are: Prairie Grain 

 Company which will serve producers 

 from Seneca to Peoria in the following 

 counties, LaSalle, Lee, Marshall-Putnam, 

 Henry, Stark, Peoria, Woodford, and Bu- 

 reau. Directors of Prairie Grain are: H. 

 T. Marshall, Serena, president; Carl O. 

 Johnson, Varna, secretary-treasurer ; Harry 

 E. Meyers, Kewanee; Wesley Attig, Ash- 

 ton; E. R. Kuntz, Princeville; Albert 



Hayes, Chillicothe; Ray H. Jackson, 

 Toulon ; C. E. Studley, Princeton, and H. 

 S. Lamp, El Paso. 



Havana River Grain Company which 

 will serv? producers in Fulton, Schuyler, 

 McDonough, Mason, Cass, Menard and 

 Logan. Directors -are: Howard Stone, 

 Mason City, president; Andrew Larson, 

 Havana, vice-president; Leo Walters, 

 Prairie City, secretary; Alex Howe, Ha- 

 vana, treasurer; Clarence Fulks, Littleton; 

 W. Irving Brown, Oakford; J. P. Arm- 

 strong, Chandlerville, and F. C. Sparks, 

 Lincoln. 



Western Illinois Grain Company which 

 will serve producers in Hancock, Mc- 

 Donough, Warren, and Henderson. Di- 

 rectors are: Emory W. Ward, Ferris, 

 president; Irving M. Graham, Carthage, 

 vice-president; Leo W. Worden, La- 

 Harpe; Marion E. Herzog, Blandinsville; 

 R. E. Keithley, Macomb ; Ira W. Huston, 

 Roseville; E. H. Kirkpatrick, Roseville, 

 treasurer; L. W. Ross, Stronghurst, and 

 Otto W. Steffey, Stronghurst, secretary. 



On March 1, the Western Illinois 

 Grain Company made final settlement for 

 the purchase of the Dallas City Grain & 

 Feed Company which owned elevators at 

 Dallas City, Adrian, Ferris, and McCall. 

 Personnel of the older company will be 

 continued in the employ of the Western 

 Illinois Grain Company. 



Prairie Grain Company has established 

 quotas for stock selling campaign in the 

 various counties that it will ser\'e and 

 have approved the sale of $150,000 in 

 stock. 



Havana River Grain Company is now 

 engaged in a stock selling campaign in 

 the six counties it will ser\'e, and will ac- 

 quire 300 feet of river frontage from 

 the Farmers Elevator Company at Ha- 

 vana for the erection of a new elevator. 



Fcnm and Home week visitors at the Uni- 

 versitf oi Illinois look over a hay drier 

 which consists oi blower and ducts de- 



signed to circulate air through stored hoy. 

 Gadget makes it possible to store newly 

 cut gross in the bam. 



MARCH, 1946 



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