The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-04-06
FARMERS HAVE
PLAN To SELL
OWN GRAIN
Complete Pool Arrange
ment After 6 Months
Work

CHICAGO. April g.--Complote ma
chinery necessary for the farmers 10
handle the marketing Of their grain
was outlined today In a report Of the
committee OF seventeen. recommend
ing establishment of corporation TO
be known as the United States grain
growers. Incorporated. at a national
conference Of grain growers here to-
day.
The plans call for optional pooling
OF grain for cooperative marketing.
pressure for compulsory pooling hav-
inFe been defeated In the committee.
Demand for compulsory pooling
arose later among a section % del
cgates.
Opposition came chiefly from re-
presentatives OF the Northwest Wheat
Growers association. In Washington
Idaho. oregon and Montana and from
the Wheat Growers association OF
America with headquarters nt Wich-
ita, kans.
"Irrcduciblc Minimum
Aaron Sapiro ~ San Francisco, q
delegate from the northwest wheat
growers declared compulsory pooling
uf 20 per cent of farmers grain the
"irrcduciblc minimum"
A. g Bailey of kinsley kans.,
chairman Of the state organization
committee for Kansas Of the wheat
growers association. took the s'mc
position
Efforts have been made Tor some
time to get the three major cooprra-
tive grain marketing groups together.
This is the second year Of operation
of the northwest group. while the
Wichita organization has already
signed up farmers for this year
The committee had worked Tor six
months on IT. report and called the
conference today as q ratification
meeting. The report declared curb
ing OF speculntlun which. ~ assert
! ed almost staggers human Sempre-
hension WAS one ~ the rhiei aims
Besides announcing plans for tho
corporation and It's bylaws. the re-
port outlined contracts binding farm
ors who enroll IN the plan.
"Details of Plan
e,lien, details of the contract fea-
turo of the plan are these;
There are two contracts. the tirst
running from the farmer TO the farm-
ors' cooperative elevator the second
! from the elevator Co the central agcn-
| Cy
The farmer signing the contract
must sell his grain exclusively To thes
] agencies Tor five years renewable
| thereafter from year to year
There are two types uf contract
IA farmer may make. lie may adopt
/ the regular sales method nov follow %
| ed. through which tho farmer sells
/ o. the elevator and the elevator sells
| al the market These may Do d.
/ L.. sHfHH HN u D D. ID
/ The second method is pooling. Farm
rrs Of community adopting this
pian may pool or farmers Of two on
| more communities may Join In a pool
uf their grain.
II either ~ the two optional mo-
| thods in the contracts prove urlaw-
| ul n b. ~ stated that IL viii be au-
/ tomatioally stricken from the CON
uact. aud the balance stands.
other features OF the plan require
! that an members of the United states
| Grain Growers. inc, must De bona
| ndeg rowvrs Of grain. The member
! ship foe II sct at SIC with no asscss'
! monts The corporation proposed ts
O. uon-profit, nou-stock company win
mo- dividends and tu be- operated on
% cost basis
Expenses nrtcr the mcmbcrship f"'
! is paid ar, 60 ho mot hy dcductiou'
I from tllN nNlt Nl klhiNt
Commission Charges
n farmers grain is sold ON O
| commission basis solely the maxi
mum deduction permitted BE- one pei
cent Of the value of the grain, cor
responding to present commission
charges ON exchanges. n Is stated b,
members OF the committee Of seven
/ teen.
| ON other grain involving storage
and other marketing facilities. tn
total deduction for capital Invest
| mcnts shall not exceed one p"r CEN
OF the value of the grain. For thi
deduction certificates not intercs
herring are tu hr given. Funds uc
uulrcd are to De- used Co buy ware
houses establishing ucws gatherinl
agencies iu various countries and 9th
| ct facilities needed
| Provision b. also made Toy cstah
| lshmrut uf subsidiary corporations
Including tu export corporation
a warehouse corporation. O. corpora
| lion 10 uurthuauf seats uu exchange