Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1921-04-08
GRAIN MARKETING PLAN
ruE FARMERS MARKET
ING COMMITTEE OF
SEVENTEEN
continued from page six

what is meant by a local
pool?
The local pool is simply
10 of centralizing the selling re-
feasibility and giving each grower
~ average price received for grain
! his kind and grade.
suppose the grain growers around
podunk, H., decide to handle their
.hoat in a pool. When grower
aolivers his wheat he will be given
receipt for so many bushels of a
r;ven grade. He will also receive
= advance payment of so many cents
bushel-probably from so to 70
nor cent of its value.
eenarate account will be kept
a each grade. The wheat will be
Aid at various times throughout the
voar. according to the judgment of
,ho manager or the board of direc-
arc When all the No. 2 wheat is
,Old the handling charges will be
Abducted and the balance Of so many
,onts bushel paid back to the
u,owers. The same will be true
i the other grades. Instead of
waiting until all the wheat is sold to
nav the grower the balance of his
nancy. it may be paid in several in
sallments throughout the year as
the wheat is disposed of
O. When will the pooled grain be
delivered to the elevator?
A. At such time as the board of
directors may decide. An extra
price of perhaps cent a bushel per
month or whatever the local elevator
company or growers association
shall determine to be reasonable,
will be given growers who hold back
their grain to pay them for the ex-
pense and inconvenience of doing so.
II the grain growers association so
decides, it may take in all the grain
early in the season and ship it to
terminal elevators for storage or it
may build storage warehouses at the
local station to care for it.
Q. What are the advantages of
the local pool?
A. Each grower receives the same
price for the same kind and quality
Of grain. 1t will in all probability
Increase the average price received
by the growers of locality, because
Il will be under the control of the
board of directors or manager in
stead of hundred or more individu-
al farmers, and so con be distributed
better throughout the year and sold
more favorably, instead of Cutting
the market as happens so constant
ly at the present time.
O. Where will be elevator com
pany get the mony to make advance
PailhChLo O1I pOOiCu - t4Ii
A. A plan will be provided for
the issuance of warehouse receipts
covering grain stored at the local
station or at terminals. These ware
house receipts can be used for col
lateral at local banks or with the
finance corporation.
@. Does the central sales asso-
cation have anything to say about
the time and place If sale, of grain
pooled locally?
A. No, except in an advisory way
by furnishing information as to mar
Ret conditions. The selling author
ity is in the hands of the local man
ager or board of directors The
sales association simply acts as a
commission house, making the sale
to best advantage when ordered to
do so.
Q. What is meant by local ele-
Vator company being truly co-opera-
tive?
A, The committee has adopted a
set of requirements which an eleva-
Tor company must meet in order to
De considered truly cooperative, in
solar as it can do so under the laws
Oh the state in which it is incorporat-
ed. These requirements in brief are
as follows:
|. Each stakeholder can have
one vote.
q Each stockholder can own only
united amount of stock.
g. Dividends on stock must be
united to a reasonable rate.
g. The balance of the earnings
ABOVE cost and surplus funds must
.e distributed as patronage divi-
dends.