The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1921-04-01


EVide for orderly marketing and more
stable prices, and add materially to
4 the net returns to the grower without
increasing the price to the consumer.
Grain selling will be concentrated in
\ the hands of national sales assccia-
ltion, with membership and voting
tcontrol limited to actual grain grow
lers. This sales association will estab-
iish branch offices at all principal
Ifigrain markets, including seats on
Eboards Of trade IL they are found to be
J desirable. It will establish com
gplste system of gathering and inter-
tpreting statistics Of world conditions
Eaffecting supply and demand. 1t will
tprovide adequate means fer financing
lorderly grain marketing through q
Subsidiary finance corporation. A
Subsidiary warehouse corporation will
4provide terminal and district ware
5houses with cleaning and conditioning
machinery. An export corporation,
1 also a subsidiary OF the national sales
association, will find foreign outlets
for surplus grain. All money received
/ for grain, less operating and handling
lcosts, will be returned to the growers
The best features of all successful
lco-operatiye marketing companies
hare been Included in the new marltet-
ing plan, in the opinion of the COM
mittee. The plan makes no attempt
to put grain marketing at once on a
nationwide pooling basis, but pro-
vides means for the development and
extension of pooling as experience
proves its adaptability to the grain
business.
There are three fundamental ele-
ments in the proposed grain market
ing system:
/, The grain grower.
2. The local cooperative elevator
company or grain growers associa-
tion.
3. The central sales association.
The term "grain grower" includes
any person who raises grain, and any
land owner who receives all or part
of his rent in grain To become a
member of the proposed grain market
ing organization, the grain grower
must do two things:
|. Join the national sales associa-
tion, paying the membership fee, which
will probably be $40 for a permanent
membership.
Q. Sign contract to deliver all of
'his' surplus grain to the local elevat-
or company or grain growers asso-
citation, for period of probably five
years.
How Grain is Handled
1 The surplus grain of the members
in given locality may be handled in
any one of two ways, as the members
may decide.
L /. 1t may be handled by the local
cooperative elevator company or
grain growers association just as at
presently purchase from members
br by shipping for them on consign-
ment.
/ 2. 1t may be pooled. In such cas-
les the directors of the elevator COM
pany or grain growers association
win sell the grain at such time as
seems most advantageous, and at the
expiration of the pooling period, will
return to each grower the average
price received for the grain of his
kind, variety and grade, less cost of
handling. Pools may cover any peri
cd of time up to one year.
Farmers Elevators Basic Part of Plan
The local cooperative elevator COM
panies, which have been SO successful
in solving the grain marketing prob
lem locally, are to be retained as a |
basic part Of the new grain marketing
system.
{ In order for an elevator company to
become an integral part of this grain
marketing system, however, it must
be truly cooperative and owned by |
members of the National Sales Agen- |
sy. A reasonable time win be allowed |
for elevator companies to make read
justments necessary to meet these re-
Auirements.
In case an elevator company does |!
hot meet the requirements within the |
fme allotted, and IN localities where |
here is no farmers elevator company,
the members Of the, national sales as
iociation iila given locality will or
Sanize themselves into d local grain /
krowers' assoeiation. This associa- I
ton may then provide for the handling
II its gFaii III any one Of the following !,
nays: q n Fl
/ /. Ii may contract with q local
farmers private or line elevator toll
Eeceive its grain and load it for ship-
brent fcf q handling charge mutually |
kgreed upon.
tconcluded on ath page.