The Oakes times. [volume] (Oakes, N.D.) 1906-current, 1921-04-28
ADOPT NATIONAL
MARKETING PLAN
Action Approving Committee of Sew
enteen's Findings May Mean
End of "Wheat Pits"
FARMERS TO FORM COMPANY
Chicago Gamblers Buy and Sell More
Wheat Than World Raises

The wheat speculator and unneces-
sary middleman were hit hard by the
American Farm Bureau Federation
when it adopted the grain marketing
plan of the "Farmers' Grain Commit
tee of Seventeen" the result Of more
than one years study, at the recent
Chicago meeting.
It was shown by Chairman C. H.
Gustafson, Of Lincoln, Neb., that deal
ings in wheat on Chicago's Board Of
Trade alone are equal to three times
the entire worlds wheat crop. Spec
ulative trading is fifty-one times
greater than the actual cash sales.
What this means to the producers
price of wheat may be imagined.
The plan adopted calls for the for
nation at once of a National Grain
Growers Cooperative Sales agency
owned by farmers who will employ
their own grain marketing experts.
This institution is to be capitalized at
500, 100000. Bernard NJ. Baruch and
Herbert Hoover both think well Of
this plan.
It is proposed to incorporate the
national sales agency as non-stock,
non-profit, grain owners cooperative
membership organization which will
provide a market for grain by virtue
of contracts with local growers CO.
operative associations or with farmer
owned, cooperative grain elevators.
Each wheat grower in any state may
take membership in the national sales
agency, after which he will make a
contract with the local grain grow
ers' association to deliver all the
wheat he produces either on contract
basis or as part Of wheat pool. The
local elevator or grain producers as
sociations will contract with the ma
tional sales agency to handle the
farmers grain.
The national sales agency is to con.
troll, through ownership Of the voting
stock, the terminal agencies through
which the wheat or corn will reach
market. There will be branch sales
offices in all grain centers to handle
the grain for each grain district
Where possible existing farmers CO.
operative machinery will be used.
" Three distinct corporations are te
be created: ~ a warehouse corpora.
ton to acquire warehouse facilities
through lease, purchase or erection
and operate through government Ii
censed channels; (2) a finance cor.
poration to provide the necessary
credit facilities and to be farmer
controlled, whereby country elevators
may properly finance the moving CROP
in orderly fashion; (S) an export cor.
poration controlled by farmers te
market American grain abroad. The
finance corporation is intended to sup.
plement existing financial machinery
Membership subscriptions of the
grain growers will provide the ma
tional sales agency with the initia
working capital necessary to acquire
facilities for immediate handling Of
grain produced. Later the expenses
of doing business will be secured by
assessing handling charge on thu
grain marketed through the nationa
sales agency.
Existing farmers cooperative ele
vator companies, composed OF grower
members and organized on patron
age basis, are to be asked to contract
with the national sales agency for tn,
sale of the grain Of their members
The grower will always have optiol
as to the method of disposing Of hi
grain. He may consign his grain t.
the local cooperative elevator for ex
elusive sale through the nationa
sales agency. or he may vote to poo
it for sale through the agency. TIL,
option method, it is thought, will
prove the acid test for the pooling
system for grain and it will be up tt
the farmers to decide.
Kill the Grasshoppers
Early spring plowing roadsides
fencerows and headlands is the cheap
est method of controlling grasshop
pers, says Stewart Lockwood, exten
sion entomologist at the Agriculture
college, who warns residents of tn
state to keep a sharp lookout for thes
destructive nests He also advocato