JMiMF^IitSMlM] 



Manager Howard MtWard of Illinois Grain Corporation presides at the annual dinner meeting of the lAA grain brokerage aHIII- 



ate during lAA convention. 



STRONG DEMAND and world- 

 wide need for the grain from 

 Illinois farms will exist for the 

 next five years. This world de- 

 mand will be expressed in exports 

 of 200-250 million bushels of grain for 

 the years ahead. 



This was the opinion of Roy F. Hend- 

 rickson, Washington representative of 

 the National Federation of Grain Co- 

 operatives and principal speaker at the 

 annual meeting of Illinois Grain Cor- 

 poration. 



Hendrickson said this demand for 

 American grain will come from the coun- 

 tries of western and southern Europe and 

 the areas occupied by the U. S. army in 

 Germany, Austria, Korea, and Japan. 



"Exports will not fade away rapidly," 

 Hendrickson said. "While the trend 

 from now on definitely will be down- 

 ward, we are far away from the low 

 volume of the '30's when exports on 

 wheat dropped as low as 20 million 

 bushels in one year." 



Grain farmers depend on exports to 

 siphon off surpluses not needed in Amer- 

 ican markets. A number of reasons were 

 listed by Hendrickson for continued 

 strong export demands. 



Europe can finance her imports of 

 foods from funds provided as grants or 

 loans under the Marshall plan, a source 

 of financing she did not have in the 

 ■30's, Hendrickson said. 



Grain exports will be needed in the 



GRAIN DEMAND STRONG 



World-Wide Need For Illinois Grain Expscfed 

 To Last At Least Five Years; Exports 

 will Not Fade Away Rapidly 



occupied areas to help fill the vacuum 

 caused by a world rice shortage. He said 

 that before the war rice was a bigger 

 item in international trade than wheat. 



Grain will be needed to feed the in- 

 crease in population. He emphasrized 

 that the world now has 200 million 

 more people than it had in 19l0. 



Manchuria no longer dominates the 

 world market in oilseeds. Europe is 

 fat-hungr)-, and flaxseed and soybeans 

 as well as oilseed meals are going abroad 

 this winter to fulfill this need. 



Industrial recover)- and restoration of 

 livestock production in Europe, and lack 

 of trade between Western and Eastern 

 Europe were other factors Hendrickson 

 listed as important in sustaining exports 

 of grains from the United States. 



Illinois Grain Corporation is a market- 

 ing agency which operates on the ter- 

 minal markets in Illinois. It is owned and 

 controlled by Illinois grain farmers 

 through their local cooperatives, county 

 Farm Bureaus, and the Illinois Agricul- 

 tural Association. 



Roy f. Hendrlihson 

 (tenter), Washington 

 representative of the 

 National federation of 

 Grain Cooperatives 



and principal speaker 

 at the Illinois Grain 

 Corporation annual 

 meeting, discusses the 

 grain situation with 

 Carl O. Johnson 

 (left), Marshall-Put- 

 nam, and H. T. Mar- 

 shall, La Salle, offi- 

 cers of Prairie Grain 

 Company, affiliate of 

 the lAA's Illinois Grain 

 Tarmlnofs Company. 



Illinois Grain Corporation acts as a 

 cooperative commission company, . oper- 

 ating on the Chicago Board of Trade, 

 the St. Louis Merchants Exchange, and 

 the Peoria Board of Trade. 



Charles Schmitt, Beason, president, an- 

 nounced earnings by Illinois Grain Cor- 

 poration before deduction for patronage 

 dividends and income taxes amounting 

 to 53-11,575. This represented earnings 

 amounting to nearly one and one-half 

 cents a bushel on the volume of grain 

 sold. 



Schmitt said that during the year three 

 companies were added to the member- 

 ship, bringing the total to 125. 



Howard McWard, manager, said at 

 the annual meeting that tlie operations 

 of the company, though not as large as 

 last year in volume, have been profitable. 

 Volume was down becaus'e of the smaller 

 crops raised in 1947. 



The volume of cash grain handled 

 last year totaled about 20,000,000 bush- 

 els, of which 7,000,000 were handled for 

 Iowa and Indiana grain cooperatives. 



Illinois Grain Corporation has a re- 

 ciprocal marketing .agreement with the 

 Farmers Grain Dealers Corporation of 

 Iowa, the Indiana Grain Cooperative, 

 Inc., Farmers Union Grain Terminal As- 

 sociation of St. Paul, Farmers Union 

 Jobbing Association of Kansas Cit)', Mo., 

 and Westcentral Cooperative Company of 

 Omaha. 



The 7,000,000 bushels of grain re- 

 ceived from these regionals during the 

 last year have reduced the cost and in- 

 creased savings on the grain handled 

 for Illinois farmers by the Illinois Grain 

 Corporation. 



lAAAs 

 Increas 

 Motor 



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 recoi 

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road impro 

 tion contert 

 meeting of 

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The conn 

 discussed at 

 20 Farm Bu 

 Studying the 

 and rural ro 

 six months. 



It also W.I 

 ference that 

 has recomm^ 

 road districts 



They hav( 

 district be 

 county. 1 

 mousiy that 

 amended to 

 system. 



The comi' 

 crease in tl 

 out that the 

 is lower thai 

 that these n 

 templating ii 



The prese 

 three cents. 

 of the tax i; 

 for hard roa 

 one cent for 



The lAA 

 ommended t 

 increased thr 

 increase be d 



Addressing 1 

 meeting is ( 

 are (left to 

 the conferer 



24 



I. A. A. RECORD 



JANUARY. 



