CRIB YOUR CORN FOR PRICE SUPPORT 



with good storage/ you con got 



prhm protteflon on your 1 948 



com crop through a loan or purchase ogroemont. 



FARM storage of a good share of the 1948 cora crop 

 will pay dividends to the producer this year. 

 By providing proper farm storage, Illinois farm- 

 ers can protect their price with either a government 

 loan or purchase agreement. The anticipated corn 

 loan rate is $1.43 per bushel. 



A farmer with storage space is in a position to market 

 his grain to the best advantage. He can avoid being caught 

 in a nurket glut. ;■ 



Because of record crops, terminal and country elevators 

 won't be able to handle the grain movement unless farm 

 storage is increased, according to government and Extension 

 Service specialists. Unless the storage problem is met, there 

 is danger that an avalanche of corn will hit the market early 

 in the season, scuttle prices and over burden the price sup- 

 port programs. Another aim of the storage program is to 

 prevent undue damage through grain spoilage. 



As in past loan programs, a farmer stores his corn under 

 seal in a crib meeting strict specifications. The crib and corn 

 are checked by the county AAA committee. The farmer gets 

 a cash advance e<]ual to the loan rate times the number of 

 bushels he has under seal. The farmer can liquidate the 

 loan at any time or deliver the grain at the maturity date of 



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the loan. Loans will be available from harvest through June 30. 

 1949. Maturity date will be Sept. 1, 1949, or earlier on de- 

 mand. 



The purchase agreement is a new feature. This is foi 

 the producer who wants price protection, but doesn't want to 

 borrow money on his corn. He signs a certificate at the 

 county AAA committee office covering any portion of his 

 1948 production. 



He can do anything he likes with his corn, but if he 

 doesn't otherwise dispose of it, he can at an established tame 

 deliver his corn to the Commodity Credit Corporation and 

 receive the loan price, which is expected to Be |l.43 per 

 bushel. Any corn delivered under this option must be of 

 proper grade, so good storage is still necessary. The producer 

 signing such a purchase agreement pays 1/^ cent per bushel 

 for the amount of corn he wants covered. 



Only corn produced in 1948 which grades No. 3 or 

 better or No. 4 on test weight only and which meets the 

 moisture requirements for safe storage will be eligible for 

 loan or purchase. 



Purchase agreements will be offered producers from 

 harvest time, through June, 1949. The CCC will accept for 

 delivery any quantity up to the maximum stated by the pro- 

 ducer on his agreement during the 30-day period iounediately 

 following the maturity date of the 1948 loans. 



Under the purchase agreement, the county AAA com- 

 mittee doesn't check the com or the crib, but the corn must 

 have the proper grade if and when it is delivered to the 

 CCC. Thus the producer is his own corn and crib inspector 



But to get a corn loan, you have to provide the kind of 

 storage as outlined by your county AAA committee. Here 

 are a few of the rules. Temporary cribs are acceptable, such 

 as picket fence cribs or cribs with woven wire. But they 

 must have good Boors off the ground and good waterproof 

 roofs, and the sides must be of adequate strength so that the 

 com won't break out. The roofs may be of sheet metal, 

 waterproof roofing paper or boards. 



The com stored m the crib must come under certain 

 moisture limits, according to the crib width. For a crib 8 

 feet wide, the maximum moisture content is 20.3 per cent; 

 for 9 feet, 19.5, and for 10 feet, 18.5 per cent. 



In the case of round cribs, the width is measured from 

 the central ventilator to the outside. If there is no ventilator, 

 the width is counted as 2/3 of the diameter. For example, 

 in a round crib measuring 12 feet across, the corn would have 

 to meet the same moisture content as in a crib 8 feet wide 

 with straight sides, or 20.5 per cent. A round crib without 

 ventilator must be either small in diameter or the corn very 

 dry. Corn loans carry an interest rate of 3 per cent. Fee for 

 loans is 1 cent per bu^el. 



Farmers are advised to look around their place to sec 

 what they can find in the way of used lumber, poles, etc., for 

 building crib space. 



The University of Illinois College of Agriculture at 

 Urbana has plans available for building low<ost storage and 

 you can get further information from your farm adviser at 

 your county Farm Bureau. 



It is difficult to predict how the supply of crib materials 

 will hold up in the face of the heavy demand. In September, 

 wire meshing was found to be critically short. Snow fence 

 was available, but dealers expected heavy orders to deplete 

 their stocks. Creosote poles and waterproof roofing paper 

 appeared to be in good supply. 



Keith Hinchcliff, farm building designer at the U. of I. 

 College of Agriculture, estimates that a farmer can build a 



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