The Crittenden press., 1920-07-06
SHOULD GET
FULL PRICE

kentucky farmers should receive
for their wheat the full quotation
price at their nearest terminal point
and they should not suffer the de-
duction Of freight charges, accord
ing to Godfrey Morgan secretary Of
the Kentucky Farm Bureau Fedora
ton. In statement just issued Mr..
Morgan says:
"A broad survey has been made
of the situation and we find that there
is a conflict Of systems in marketing
wheat in various sections of the
state.
''In some counties local millers fix
the price that farmers shall receive
for their wheat, in other counties the
price is based on quotations at St.
Louis, Louisville, Cincinnati or some
other terminal market, minus the
freight and in still other counties the
price is based on terminal market
quotations without deducting the
feight. The last system mentioned
is the one that should prevail in ev-
cry county in the state. Last year
farmers received Chicago and St.
Louis quotations for wheat minus the
freight, this was unjust.
"There will not be enough wheat
harvested in Kentucky this year to
run the mills of the state for six
months. Millers will have to buy
large amounts of wheat from ter
minal markets, paying market quo
tations for same, plus the freight.
It is only square deal to farmers,
therefore, to pay them terminal mar
ket prices without deducting any
freight charges.
Farmers who are not equipped to
store their wheat on their farms
should have the right to store their
wheat with millers or elevator COM
panies, il they care to do so, and
should have the privilege Of selling
their wheat on any date Of their own
choosing at the terminal market quo
tation for that date. The charge
for storing wheat should not exceed
two cents per bushel per month and
this charge should cover shrinkage
in weight, insurance and natural los
ses. Local bankers should loan far.
mers at least rs per cent Of the face
value of their warehouse or miller's
receipt charging the customary To-
cal rate Of interest for same.
"This system permits farmer tC
hold his wheat as long as he care.
to do so paying u nominal storag,
charge for the privilege and is equi
valent and even preferable to farmer,
owning their own elevators.
To members Of the Farm Bureau
Mr.. Morgan says.
"lf some system Of marketing wha
similar to or more favorable thar
the one outlined above does not pre-
vail in your county and yau wish 4
adopt II the method Of procedure 4
as follows.
appoint promptly Wheat Mar
keting Committee from your Farm
Bureau membership, one Of whom,
possible should be a lawyer farme
so that your contract with your mil
lers will be drawn up in proper form
, Call meeting Of your committee an
. invite all your millers and repr,
sentative from each Of your count
banks, TO be present. Your Farm Bu
rcau Committee should meet In tn
morning so as to decide on a pla
to present to the millers at a late
Il meeting.
"The first thing to determine
the market at which your millers bu
4 wheat which will vary according
the location Of your county.
e "Having determined your mark,
is for wheat you should have a Gle,
t understanding with your millers thl
D your farmers are to receive a pri
m based on that market quotation wit
sr out deduction for freight.
Il "There should be an understan
8. ing that all farmers have a right