The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1921-04-06
Committee of =
Reports April 6
NATIONAL SALES AGENCY PRO-
POSED IN DRAFT OF NEW
MARKETING PLAN.

in the action of the national delega-
tions representing the grain grow
ers of the country in convention in
Chicago, on April 9th, when the re-
port of the American Farm Bureau
federation's Committee of Seven
teen" will be submitted for adoption
of alteration. The Committee of Sew
enteen have completed their work of
drawing up plan for improved facii-
ties and methods of marketing of
farm products and their report now
awaits the action of the representa-
tives from the various states.
Some publicity has been given to
the plan to be submitted to the Chi
cago convention and many members
of the Farm Bureau organization, as
well as those of other farm organiza~
tions, are familiarizing themselves
with it.
Marketing Plan Drafted.
The Committee of Seventeen has
voted unanimously to recommend to
the farmers Of America a grain mar
keting plan based on the local cooper
ative elevator or local farmers coop
erative associations, and on notion
al sales agency. 1t is proposed to in
corporate the national sales as nom
stock, non-profit cooperative mem
bership organization, which will pro-
vide for the marketing Of grain thru
five year contract with farmers CO.
operative elevators of shipping or
ganizations.
Grain growers will take member
ships in the National Sales Agency.
! They will then affect an agreement
with their local cooperative elevator
or with their own local grain pro-
ducers' association, to deliver their
grain on the basis of a sales con-
tract or a pooling contract for five
years. The local elevator or grow
ers' association will sign a similar
contract with the national sales agen-
cy. It is contemplated that the ma
tional sales agency will control
through ownership Of the voting stock,
gz4sthe following:
4 As Terminal Agencies. = Branch
sales offices will be provided at i'm
portant grain marketing points to ham
die the grain for each natural grain
distict. Wherever possible, use will be
made of all farmers cooperative
machinery now in existence. Efforts
will be made to open boards Of trade
to farmers cooperative organizations,
so that they can sell through the ex-
changes if they so desire.
B. Warehouse Corporation. In
connection with the branch sales of
fees, it will be necessary to provide
government licensed warehouses,
from which warehouse receipts will
be issued and used as a basis of ere
dit. These wareouse facilities will be
acquired through lease, purchase or
erection.
C. Finance Corporation. = A fin
ance corporation is contemplated to
provide adequate farmer-contolled
credit facilities whereby country ell
evators may properly finance the
moving of the crop in orderly fash
ion. The capital stock Of the fin
ance corporation will be subscribed
when growers are asked to sign their
memberships in the national sales
agency.
D. Export Corporation. = The
farmer-controlled export corporation
will provide facilities for marketing
the exportable surplus of grain.
E.. Service Departments. The
service departments are designed to
furnish accurate information on To-
cal, regional, national, and world
wide conditions affecting the grain
trade. Transportation, legal, statis-
tical and other departments will be
included
Initial Funds from Members.
The membership subscriptions Of
the producers will provide the ma
tional sales agency with it's initial
working capital necessary for the ac-
QUESTION of facilities for the imme-
diate handling of grain on consign-
ment. Later the running expenses Of
the sales agency will be obtained by
assessing a handling charge on the
grain marketed through it's office.
Farmer Companies.
Farmers cooperative elevator COM
panies, composed of growers and or
ganized on the patronage dividend
! basis, are to be asked to contract with
Continued on last page.)