TERMINAL GRAIN 

 PROGRAM MOVES 

 STEADILY AHEAD 



Further Progress Made By Prairie Grain 

 Company Completes Second of Its Sub- 

 Terminal Elevators On Illinois River 

 At Lacon 



THE dream of a large-scale coopera- 

 tive grain merchandising plan for 

 Illinois farmers took a long step 

 closer to realization in late No- 

 vember with the completion of 

 another elevator on the Illinois river at 

 Lacon. 



The Lacon elevator is the third of the 

 newly-built river houses in the Illinois 

 Grain Terminals plan for a string of 

 river elevators tied in with terminal mar- 

 keting outlets at Chicago and St. Louis. 

 The elevator at Lacon is the second 

 built by the Prairie Grain Company, a 

 regional. Farm Bureau-type grain co- 

 operative organization operating along 

 the upper reaches of the Illinois river. 



With other regional cooperatives it is 

 affiliated with the lAA's Illinois Grain 

 Terminals Company. These regional op- 

 erations. Western Illinois Grain Com- 

 f>any and Havana River Grain Company, 

 include sub-terminal river elevators and 

 inland elevators which will be the sources 

 of supply for the terminal elevators. 



Prairie Grain completed its first new 

 river elevator at Hennepin in June. The 

 previous June Havana River Grain fin- 

 ished a 70,000 bushel capacity elevator 

 at Havana. The Hennepin and Lacon 

 elevators are of identical dimensions. 

 Each has a capacity of 190,000 bushels of 

 grain. 



The Hennepin elevator cost close to 

 $200,000. The Lacon elevator is ex- 

 pected to cost a little more because of the 

 additional expense of a roadway to the 



10 



This it Hi* new 190,000 busltei elevator at Lacon completed re- 

 cently by the Prairie Grain Company, an affiliate of the lAA's 

 illinoi* Grain Terminals. 



site and more extensive dredging of the 

 river. Both are of the latest and most 

 modern design. Each are able to load 

 and unload 9,000 bushels of grain per 

 hour. A third Prairie Grain elevator is 

 to be constructed near Ottawa whenever 

 a suitable site has been selected. 



With the affiliation of more Farm 

 Bureau-tyf)e grain organizations with Illi- 

 nois Grain Terminals and the construc- 

 tion of the three new river sub-terminals, 

 four further developments recently high- 

 lighted the progress of the parent organi- 

 zation : 



1. A financing plan has been adopted 

 providing for the sale of $750,000 in 

 capital stock to finance expansion of Illi- 

 nois Grain Terminals Company. 



2. Sam L. Hassell of Buffalo, N. Y., 

 one of the nation's outstanding grain 

 merchandisers, has been employed as 

 manager. 



3. Terminal elevator sites have been 

 selected at Chicago and St. Louis. An 

 11 -acre tract adjacent to the Calumet 

 River and accessible to lake boats has 

 been purchased on Chicago's south side. 

 The site at St. Louis has been selected 

 and a long-term lease will be taken on 

 the property which is not for sale. 



4. An eastern sales outlet has been set 



up in Buffalo to move Illinois grain into 

 eastern markets. Hassell said the com- 

 pany expected to market considerable 

 grain through the Buffalo office where 

 many eastern buyers have offices. Buffalo 

 has the largest feed mills and is the 

 largest manufacturer of feeds in the na- 

 tion. 



Farm Bureau-type grain marketing co- 

 operatives already have invested about 

 $1,450,000 in river sub-terminal elevators 

 and other facilities. 



But more funds will be required to 

 finance terminal elevators and to buy and 

 sell grain on the terminal market. It will 

 be a big financing job but it must be 

 done if Illinois farmers are going to have 

 terminal operations similar to those en- 

 joyed by farmers in a number of neigh- 

 boring states. 



"Illinois farmers," Hassell said, "have 

 shown their desire for more than a bro- 

 kerage and commission service. That 

 means terminal operations. Before we 

 can proceed to fulfill their wishes we 

 must have the facilities. To get these 

 facilities we need the support of Farm 

 Bureau farmers." 



The Chicago terminal elevator's ca- 

 pacity probably will be in excess of three 

 million bushels. The St. Louis elevator 



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