NEW DISTRICTS 



Charl** J. SckmM 



ILL GRAIN REORGANIZES 



lAA Co-op Reshapes Its Districts, Elects 

 A New Board of Directors, and Absorbs A 

 Supply Cooperative in Reorganization Move 



CHANGES in the districts and in 

 the number of directors elected to 

 the board of the Ilhnois Grain 

 Corporation were voted by stock 

 holders of the company at a meet- 

 ing held Jan. 14 at the Pere Marquette 

 Hotel in Peoria. 



Changes in the districts have been un- 

 der consideration for some time, Charles 

 Schmitt, Logan county, president of the 

 Illinois Grain Corporation, said at the 

 meeting. He said that present and po- 

 tential membership, the movement of 

 grain to markets, the various grain grow- 

 ing areas, and other factors were con- 

 sidered in setting up the new districts. 

 The districts from which directors are 

 elected have been increased from six to 

 eight under the new reapportionment. 

 However, the number of directors has 

 been decreased from 1 5 to 9. 



Previously two directors were elected 

 from each district and three from the 

 board of directors of the Illinois Agri- 

 ailtural Association, a total of 15. Un- 

 der the revised plan one director is 

 elected from ^ch district and one from 

 the lAA board, a total of nine. 



The delegates also voted approval of 



8 



a plan whereby the I.F.A. Elevators, Inc., 

 will dissolve and their business taken 

 over by the Illinois Grain Corporation. 

 The board of the I.F.A. Elevators, Inc., 

 agreed to dissolve prior to the Peoria 

 meeting. 



Illinois Grain Corporation is a grain 

 brokerage cooperative affiliated with the 

 Illinois Agricultural Association. It op- 

 erates on the Chicago, Peoria, and St. 

 Louis boards of trade. 



I.F.A. Elevators, Inc., was organized 

 this summer as a central buying agency 

 for cooperative elevators in central Illi- 

 nois. Its state headquarters have been 

 at Pontiac. 



The I.F.A. Elevators, Inc., will sell its 

 assets to Illinois Grain Corporation and 

 the latter organization will handle feed, 

 fertilizers, and steel products for its 

 members. 



One of the provisions involved in the 

 reorganization is that membership in Illi- 

 nois Grain Corporation will continue to 

 have as its only limitation that members 

 be true Capper-Volstead Cooperatives. 

 Future changes in membership require- 

 ments would be made only by voting 

 members of Illinois Grain Corporation. 



Map (hows new dMrItt* of l/Nnoli Oraln 

 Corporation. Under reapportionment one 

 dtrattor Is e/ected from each of the dis- 

 tricts Qml one appointed from lAA board. 



Members of the new board of direc- 

 tors are: Sam Yergler, Iroquois county, 

 district 1; Carl O. Johnson, Marshall, 2; 

 Arthur Bertsche, Livingston, 3; Leo 

 Worden, Hancock, 4; John McCabe, 

 Champaign, 5; Charles Schmitt, Logan, 

 6; J. Fred Romine, Douglas, 7; John 

 Butterfield, Christian, 8 • and C. J. Elliott, 

 LaSalle, lAA. Officers elected were: 

 Schmitt, president; Romine, vice-presi- 

 dent; and Butterfield, secretary. 



Leo Worden, Hancock county, was the 

 only member elected to the new board of 

 Illinois Grain Corporation who had not 

 been a member of the old board. 



L. L. Colvis, lAA secretary of market- 

 ing, discussed the various changes in the 

 program of Illinois Grain Corporation. 

 "It will open the gate for grain coopera- 

 tives to do a better job of grain market- 

 ing," he said. 



"We hope this merger will make our 

 services available to an increasing num- 

 ber of farmers. If it does, we can feel 

 we have been successful in our attempt," 

 he concluded. 



Necessary changes in the legal struc- 

 ture of Illinois Grain Corporation were 

 explained to the delegates by Paul E. 

 Mathias of the lAA legal department. 



L A. A. RECORD 



ILLII 

 GRAI 

 TERI 

 PROi 



Four 

 Spendj 

 On Si 

 Facilitl 



THE steac 

 Grain T( 

 ing to tic 

 large, h 

 keting co 

 adjoining map 

 Greatest gro 

 along the lUir 

 where the lUi 

 tion grain mai 

 sub-terminal i 

 Lacon, Henne 

 City. 



Grain origii 



and accumulate 



will eventually 



minal elevator 



Louis. Sites b 



fronts in both 



The Illinois 



designed to bi 



nois farmers 1 



trol of some o 



farms to the pi 



Grain prod 



ganized by co 



districts undei 



nals plan nov 



tricts (see ma 



far and all are 



the state— TI 



Company arc 



Grain Compa 



pin, and Laco 



Company aroi 



ern Illinois G 



las City on th 



These foui 



spent about oi 



sub-terminal 



money has bi 



chased by inia 



At present 



being raised i 



state company 



FEBRUARY, 



