The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1921-04-15
new MARKET PLAN
TOC|VE FARMERS
GREATER RETURNS
Proposed Plan Will Provide
Stable Grain Market,
Gustafson Says.


marketing plan as proposed by til
Farmers Grain Marketing committe
of Seventeen, according to c. n. Gu.
tafson, chairman of the committed
The committee is to meet in Chicaq
with representatives of grain growin
districts of the country for ratifics
ton of the proposed national market
be representatives present from
Washington, Oregon and Idaho.
Mr.. Gustafson was in the north
west a short time ago, attending the
meeting of the Washington Farm
Bureau association, and made the fol
lowing statements concerning the pro
posed plan of grain marketing
Every man engaged in growing
grain of any kind for market seems
TO be primarily interested in the
savings that can be effected when
the new cooperative grain marketing
plan, proposed by the farmers grain
marketing committee of seventeen, is
finally in operation. This fact has
been evident at every one. of the
meetings held in the important grain
states.
Farmers have been marketing
grain in a haphazard fashion which
has operated to return the minimum
rather than the maximum of it's
market value to us. For instance
we have marketed approximately rs
per cent of our wheat within four
months after harvest. Orderly mar
keting, as has been frequently men
toned in connection with the mar
keting plan Of the committee of sew
enteen, refers to the possibility, |
under the proposed marketing pro
gram, of marketing only such part of |
the grain each week or month as is
actually needed for consumption |
Grains so marketed will meet cash
prices with cash grain and break the
chain of marginal speculation which |
has heretofore levied a heavy tribute |
on growers of grain.
"a stable market, one that is free
from violent fluctuations, is a most
important element which underlies
the whole marketing plan Most of
the grief and dissatisfaction resulting
from our present marketing system
can be attributed to our unstable
market. When the farmer can have
some reasonable assurance that the
market will not drop to a ruinous
figure and the miller and wholesaler
IAN also be reasonably sure that the
market will not advance by leaps and
pounds, an element of safety and
aneness will have been introduced
n grain marketing that will be gen
rally satisfactory.
Finance Essential
Financing a farmers marketing
Ian is the first essential factor in
ne form of subsidiary service cor
orations to be considered when we
spire to orderly marketing of our nj
rain. Finance has ever been the d,
lgaboo in farmers marketing or OF
mutations for, although the farmer al
the source of approximately one
alf of the wealth of the United De
tates, adequate provision has never s'
per cent of the paper discounted 81
I the federal reserve system last no
II was agricultural paper and al Gu
ough the farmer had no alternative ga
1t to sell his products on ruinous tn
arket, i.ss.stant demands were IN
ade for liquidation Tn
IF the farmer = now to enter the - -
arkets. and see FOR himself that -
5 business interests are protected,
must safeguard his commercial sh
with a strong financial siI
stitution that will protect agricul- us
raj interests and not fail him in tie
ne of stress. OF
"All large industrial and CONNER WI
Il interests such as oil, steel, rail tol
ads, boards of trade and large Pc
either own or control
cir own finance corporations or fl
nee institutions. The farmers have tar
desire to conduct a banking insti- car
ion, but a finance corporation sol
itch will sell short time securities. the
sed on actual quantities of grain in row
rage, will be able to furnish the ~.
'dit facilities that are open to other - 80"
portant industrial enterprises. Won
There is no better basis for credit WI
the world than wheat and other stel
lin foods, because humanity is de- a r
ldent upon food for its existence. one
Edit based on that security is as aoo
I'd as gold and does not involve IAN
< Am
A foru, gar,
""a"oe corporation yiel