& % 



^m 



Frad E. Herndon 



Its Pr«(ld»nt 



frank J. flynn 



Its Secretory 



C. H. Becker 



Its Manager 



Charles B. Shvman 



lAA PmttUM 



O. A/mgrec 



us Treoswrer 



< 



expansion of the company's facilities, 

 Becker emphasized, has not come from 

 retained tax-free earnings. 



The expansion program during the 

 past year includes the purchase of the 

 Pana Refining Company, Pana, 111., and 

 the Premier Oil Refining Company, 

 Longview, Texas. The latter company 

 was purchased in partnership with two 

 other large midwesterft farmers' coopera- 

 tives. In addition, construction is well 

 underway on the new fertilizer plant at 

 Fairmont City and the new feed mill at 

 Mendota, 111. 



Other phases of the expansion pro- 

 gram include the erection of new ware- 

 houses at Meridota and Benton; also, the 

 purchase of a new towboat and four new 

 12,000 barrel barges to be added to the 

 present river transportation system. 



Speaking before the Illinois Farm 

 Supply Company Annual Meeting, lAA 

 President Charles B. Shuman termed the 

 company's 22nd year "one of great 

 change and significance." He paid tribute 

 to all of the people who worked so hard 

 during the year to make the expansion 

 programs of their local companies and the 

 Illinois Farm Supply Company become 

 a reality. "I want you to know," he 

 said, "that we appreciate all you have 

 had to conquer." 



Shuman emphasized, however, that 

 considerable adjustment was required to 

 change a great cooperative distribution 

 organization such as Illinois Farm Supply 

 Company over to one which must pro- 

 duce supplies as well as distribute them. 

 "Such a change," he stated, "has meant 

 that additional capital was required in 

 amounts which a few years ago farmers 

 would have considered impossible to 

 raise." 



Expansion of such scope, according to 

 Shuman, means doing without the same 

 size patronage refunds for a few years, 

 until the volume of business is increased 



sufficiently to operate this enlarged farm- 

 ing tool most efficiently. "Every farmer 

 knows," he said, "that as he extends his 

 operations he must have additional in- 

 vestments in capital for safety. He must 

 have additional reserves for protection 

 against the future. Putting a more 

 efficient machine on the farm takes more 

 capital to run it, and that's the way we 

 must view this new expansion program. 

 It is a more efficient tool for Illinois 

 farmers and one which will produce 

 better results, more efficient results, and 

 better distribution." 



Cooperatives are Farm Tools 



In his annual address, I.F.S. Com- 

 pany President Fred E. Herndon dis- 

 cussed the importance and need for co- 

 operatives, the farm tools of agriculture. 

 "Cooperation is not new," he said. "It 

 has been with us for a long time." Also, 

 farming is now a business and farm co- 

 operatives are tools of that business. 



"Cooperative purchasing and market- 

 ing" he stated, "are now a segment of 

 American business. They are democratic 

 in principle and truly representative of 

 the private enterprise system. Unlike 

 chain stores and other multiple business 

 corporations, the savings stay in the com- 

 munity where they are earned. 



"Today each member should evaluate 

 his cooperative and its place in his farm 

 business. If we are to keep and extend 

 this part of our farm business, we must 

 invest capital in it and thus retain owner- 

 ship and control of it as we would any 

 other tool in our farm business." 



Charles Haller, Peoria county, repre- 

 senting District III, was elected to the 

 board of directors, replacing John P. 

 White, Tazewell county, who chose to 

 retire after serving on the board since 

 1940. All incumbent directors were re- 

 elected for the coming year. 



Farmers Hear ; 

 Discussions On 

 Animal Disease 



PRIDE in the progress of Illinois in 

 the control of bovine tuberculosis, 

 sheep scab, brucellosis, rabies, and 

 Newcastle disease, was expressed by 

 Dr. C. E. Fidler, superintendent, 

 division of livestock industrv, Illinois 

 Department of Agriculture, during the 

 lAA annual meeting in Chicago. 



Dr. Oraham 



Di^. Fidler 



Lett: The credentials committee goes to work. Left to right: Herbert Pllger, Cass; R. W, Little, fultoa; and John t. Bonnet, Jo DavloM. 



Center: The farm Supply Quartet givet out with "Everybody's Darling." Howard Duffin (right) ptoys hard to get. Other* are till 



Cole, Ted DavU, and Leul* Quiram. Rights A group of delegatet caucus /ust before putting on the feed bag. 



Dr. Fidler spoke on animal disease 

 control programs at the animal health 

 and disease control conference. 



Others on the program included: 

 Edwin Gumm, Knox county, chairman; 

 Dr. H. N. Howlett, inspector in charge, 

 Illinois bureau of animal industry, U. S. 

 Department of Agriculture; Dean Rob- 

 ert Graham, College of Veterinary 

 Medicine, University of Illinois; Leo 

 Swinford, Edgar county; and Dr. L. A. 

 Dykstra, Aurora veterinarian. 



Dr. Fidler described the work of the 

 Illinois diagnostic laboratories and the 

 necessity of establishing more. He 



( Continued on page 50 ) 





TS* . 



