The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-02-19
Steps Outlined in Formation
of National Marketing Agency

CHICAGO, Feb. ia national grain
marketing association, controlled by
farmers and operating terminal ware
houses, export and finance depart
ments and maintaining branch sales
agencies at the various terminal
markets, is provided for in the grain
marketing plan adopted by the Farm
ers' Grain Marketing Committee Of
Seventeen at Kansas City recently and
unanimously recommended to the
farmers of the United States. The de-
tails of the plan are now being worked
out. The next step will be a meeting
OF representatives of all farmers Or
CARNATIONS to discuss and adopt the
plan.
A subcommittee of seven was ap-
pointed to perfect organization plans
and to call meeting of all grain
marketing organizations to consider
hopes to have the new marketing sys-
tenn in operation in time to handle a
substantial part of the 1921 crop
The first step will be to organize a
grain growers national cooperative
sales agency-this agency to be a non
stock, non protit company, and each
| Individual farmer is to be a member
| OF this company whether he lives in
| Ohio or Kansas and whether he is a
| member of the farm bureau or the
farmers union.
To Organize Communities.
The second step will be to organize
| the grain growers in communities, the
same as Illinois has already organized
farmers elevators. The growers OF
grain in a community will effect an
| agreement to sell their grain to their
! local elevator company and the local
company will contract with the nation
al agency to handle their grain.
Each individual will have the priv
ilege of consigning his grain to be
sold or placed in a pool. This means
that two systems will be tried out
first, the farmers own company will
sell grain as it is now sold-second
there will be pool, which means the
grain will be stored and sold when il
can be disposed of to the best advant
J age. In either case, the grain is go
ing to market through the farmers
own machinery.
Controls Many Factors
The national sales agency will con
troll the following through the owner
ship of the voting stock:
A-Terminal agencies, which means
branch offices TO handle the grain fol
each natural grain district. Wherever
possible, use will be made of all farm
ers cooperative machinery, such a.
now exists. Efforts will be made tc
open boards OF trade to farmers co
operative agencies desiring TO operate
through seats on the exchange.
b Warehouse Corporations fol
storage facilities. 1t will be neces
sary to provide government licensed
warehouses from which warehouse re
ceipts will be issued and uacd as 4;
basis of credit
, Form Finance Body.
ca Finance Corporation il con
templated in order to provide farmer
controlled credit facilities so that the
country elevator may finance the
moving of the grain in an orderly
fashion. The capital stock to the
finance corporation will be subscribed
when growers are asked to sign III
their membership in the NatioEa
Sales Agency. The finance corpora
ton is designed only to supplement
existing financial machinery.
Dan Export Corporation will b.
organized with proper facilities fol
marketing the surplus in foreign cOun
tries.
E-Service Departments such a!
transportation, legal, statistical anC
others, necessary to furnish accurate
information on local. regional, nation
al and worldwide conditions Which
affect the grain trade.
The membership subscriptions o
grain growers will provide the nation
al sales agency with initial workin,