WE ARE doing business in the 

 Chicago grain market. This was 

 the good news the Illinois Grain 

 Terminals Company gave to its 

 members at its annual meeting 

 held recently during the lAA convention 

 in Chicago. 



The establishment of a Chicago office 

 climaxes two years of organization work 

 for the new lAA-affiliated grain coopera- 

 tive. The Chicago office was opened 

 early in November. 



Sam Hassell, Buffalo, N. Y., recently 

 employed as manager of Illinois Grain 

 Terminals, was introduced to many of the 

 members of the association during the 

 annual meeting. Hassell took charge of 

 the company Oct. 15. 



Illinois Grain Terminals Company has 

 taken over Hassell 's Buffalo office and 

 will continue to operate it as an eastern 

 outlet for Illinois grain. The Buffalo 

 office will be used also by other grain 

 cooperatives in the Midwest. 



Other developments in the grain mer- 

 chandising program were outlined by 

 George H. Iftner, grain marketing direc- 

 tor for the lAA. Two river houses at 

 Lacon and Hennepin were completed 

 during the year. 



These elevators have a capacity of about 



lAA Grain Co-op 

 Starts Buying^ 

 Operations on 

 Cliicago Marl(et 



200,000 bushels each. They will be 

 managed by fiver operating companies of 

 Illinois Grain Terminals Company. 



A third river elevator at Havana with 

 a capacity of 100,000 bushels was com- 

 pleted in 1947. This is operated by the 

 Havana River Grain Company. 



Five new county grain companies were 

 organized during the year — in Marshall- 

 Putnam, La Salle, Edgar, Henderson, and 

 Peoria counties. 



A campaign to raise $500,000 for op- 

 erating capital for the new company has 

 been underway for several months. Much 



of the capital is being raised from local 

 elevators and the river operating compa- 

 nies. 



Additional funds for the new company 

 may be needed if terminal elevators are 

 built or purchased in Chicago or East St. 

 Louis. A terminal site on the Calumet 

 river in Chicago was purchased recently. 

 The site contains 11.6 acres of land and 

 1300 feet of water frontage on the Calu- 

 met river south of 106th street. 



In East St. Louis a suitable building 

 site has been selected and terms for a 

 long-time lease have been completed. . 



Iftner said that a Chicago terminal ele- 

 vator would have a capacity of some three 

 million bushels and would be equipped 

 to handle lake boats, river barges, rail 

 cars and trucks. 



An elevator in the East St. Louis area 

 would have a capacity of some two mil- 

 lion bushels. It would be located on the 

 Mississippi river. 



At present there are 16 county grain 

 companies, seven county service compa- 

 nies, and 11 local elevator companies or- 

 ganized on a Farm Bureau type co- 

 operative basis. Seven other county grain 

 companies are seeking ways to get started 

 into the grain business soon. 



IF YOU want to know more about 

 the workings of a farm coopera- 

 tive, ask one of the 200 or more 

 young farmers who will attend the 

 Co-op Training Course to be held 

 this month at Urbana. 



After they complete this four-day 

 course they should know most of the 

 answers. For the lAA, as the sponsor, 

 plans to give them a complete course 

 in co-ops — including the facts you 

 learn only in the school of hard knocks 

 and experience. 



"We're trying to do for our young 

 farmers what Standard Oil Company, 

 International Harvester Company, and 

 others, are doing for their young men," 

 I. E. Parett said in announcing the 

 course. 



"We are sponsoring this course," 

 Parett continued, "because we feel we 

 are the group best able to talk about 

 farm cooperatives in Illinois." Parett 

 is director of general services for the 

 lAA and is in charge of the Co-op 

 Training Course. 



The course is open to three young 

 men from each county between the 

 ages of 17 and 25. Participating coun- 

 ties are asked to select their own dele- 

 gates, picking one man from a 4-H 

 Club, one from a Rural Youth group, 

 and one from a Future Farmer's club 

 in their county. The young men must 

 be unmarried. 



JANUARY, 1949 



lAA Sponsors 

 Co-op Scliooi 

 For Young 

 Farm Leaders 



"After most young men leave Rural 

 Youth groups and get married, they 

 have little chance to get formal train- 

 ing in cooperatives," Parett said. 



"And yet they are asked to become 

 directors in co-ops — many of them 

 million dollar concerns — without the 

 right kind of a background. This 

 school should make their duties easier." 



The school will be held between 

 semesters at the University of Illinois 

 during the same week as Farm and 

 Home Week, and will be conducted on 

 the campus of the College of Agricul- 

 ture. 



The dates have been advanced one 

 day to Jan. 30-Feb. 2 from the original 

 dates announced in the December is- 

 sue of the Record. This was done 



to avoid the housing problem that 

 would result from Illinois students re- 

 turning Feb. 3 for second semester 

 registration. Several minor program 

 changes also have been made since last 

 month's article in the Record. 



lAA President Charles B. Shuman 

 will give the address of welcome and 

 will outline the aims and purposes of 

 the course on co-ops. 



lAA department heads and company 

 managers as well as staff members of 

 the College of Agriculture will act as 

 instructors during the course. 



The cost of conducting the school 

 will be assumed by the lAA. The coun- 

 ty Farm Bureaus are being asked to 

 pay for cost of room, board, and trans- 

 portation for each student attending 

 the course. This is not expected to be 

 more than $25 per pupil. 



During the final day of the course, 

 the students, drawing on material pre- 

 sented during the sessions, will set up 

 their own farm cooperative. 



They will first determine its need, 

 then appoint an organizing committee, 

 draw up articles of incorporation, elect 

 a board of directors, select a manager, 

 and sell stock. 



If the course proves fruitful in the 

 opinion of the young farmers and 

 members of the lAA staff, the Co-op 

 Training Course may become an an- 

 nual affair. 



