Rocky Ford enterprise., 1915-12-31
FRIDAY. DEC. 81, 1915
MARKET NEWS SERVICE
Continued from Page one)
subject. The report says:

subject. The report says:
Further Federal legislation vitality i'm
portant to a more efficient agriculture,
such as cotton-standards act. grain
grades bill. a permissive warehouse law.
and proposal for the improvement of
marketing conditions also will contribute
directly to the solution of the rural
credits problem.
investigations conducted by the Office
of Markets and Rural Organization in
dioate that there is serious need of ware
house legislation. 1t would seem that
the most desirable action on the part of
the states would be the passage Of laws
which would guarantee the integrity
of warehouse receipts. These laws
should be uniform. so that the conditions
governing such receipts may be the same
throughout the country. thereby greatly
increasing their availability as collateral
for loans at distant banking centers.
The uniform warehouse receipts act is
now in force in 8 ! states
A vital question that the farmer should
ask himself. according to the report, is
what he can do with his product when he
secures it,. In this connection it is stated:
Even if farms everywhere were of
the requisite size for efficiency in produc-
ton and reasonable diversfication were
practiced. the difficulties would not be
solved. The farm units which may be
efficient for production still would have
acutely to consider the problem of mar
keting. The farmer would not. through
his own resources, be able to command
easily the requisite transportation fac
ilitIes OF the daily information needed as
to market conditions and the best near
by market. and in most cases would be
at disadvantage in bargaining with
purchasers. The most promising solution
seems to lie in the development Of COM
munity cooperation or team work to
determine what to produce, to employ the
same methods, and TO secure marketing
Information SO as to enable producers
to deal with buyers on an equal basis"
| There are problems, however. which
under existing conditions neither efficient
Individual nor community effort can solve.
These can be reached only by legis-
lation.
Among the difficulties of America n
farmers are lack OF familiarity with. and
remoteness from. the actual machinery
of distribution and finance; absence of
order or system it the conduct Of their
own business transactions; inadequaey
of storage facilities for their products;
and ignorance Of what their products
phraseology. as well as what they ars
worth. A producer OF a manufactured
article knows what it is and what it costs
He knows this better than the buyer.
The reverse is true in agriculture. The
solution Of these difficulties involves a
better system Of warehouse. with re-
eeipts which will be acceptable as COL
lateral; the establishment of standards
and grades of grain and cotton and other
staple crops; the trading in the market
upon standard types or grades ascertain
ed and fixed by the Government, with
such supervision and control over the
operation OF exchanges as may be esseLti-
al to secure justice for the producer. the
consumer, and the Intermediary.
"For the accomplishment of these
ends it seems desirable that the cotton
future act, which has been in operation
about a year. should be supplemented by
a Federal permissive warehouse act,
a cotton standards act. grain grades
act. and land mortgage banking act
which shall inisct business methods into
the handling OF farm finance and place
upon the marke. in responsible way
reliable farm securities"