Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1921-09-07
FARM CREDIT FIRMS
PLANNED BY BUREAU
Finance and Grain Mark ting Corpora
fions Along State Lines 5z:.
Projected. 1855 S#

NJ Hafm bureau #IedefaLlOnS$ including
several hundred thousand farmers in
the principal grain producing states of
the middle west are taking steps to-
ward launching cooperative finance
corporations and cooperative grain
marketing corporations along state
lines, as the best means. of advancing
the American Farm Bureau fedora
tons national marketing program, ac-
cording to G.. q. Gunnels, treasurer of
the national federation, who has sbeen
touring Minnesota. s IL
'The national grain marketing plan
worked out by the Committee of Seven
teen after eight months of inVestiga-
ton is absolutely sound and practicable.
in the opinion of the American Farm
Bureau alton. Mr.. $Gunnels said.
''Ihe farm bureaus Of the grain pros
ducing states are determined that the
farmer shall have his own corporation
through which he can put his grain on
the national and the world markets III
an orderly manner, at the lowest posi-
bic expense The q. S. Grain Growers,
Inc, established as the first step toward
putting into operation the recommends
lions of the Committee of Seventeen,
has been confronted with tremendous
obstacles. The organization Of a IL
nance corporation to provide. credit for
the marketing of the farmers grain has
faced even graver obstacles. Few
states have passed legislation to put
cooperative enterprises on an equal
footing with other business projects.
:.Many state farm bureau declarations
are taking steps to form their own
farm credit corporations to provide
better means Of financing the produc-
ton and marketing of farm products.
Several are seriously considering the
organiza ton of the grain producers OF
their states into cooperative associa-
lions. so that these state organizations
will .l,e ready to fit into the national
marketing program of the Committee OF
Seventeen as soon as it can be put into
operation on nationwide scale.
ssThe cooperative marketing enter.
prise has been built from the bottom up.
First came the local cooperative eleva-
tor, the local shipping association OF
livestock raisers, the local cooperative
creamery. Then came state declarations
Of these local units, such as the Mime
sofa TdIM3 uNlcucAdlAUl has JuSl
launched for the marketing of livestock
and dairy products. .s HE
''The farm bureaus of the grain pro-
ducing states take the unalterable posi-.
ton that they have a grave obligation
to the farmers. They are determined
that the farmer shall not be asked to in
vest his money nor contract his grain
in any project until the farm bureau,
the organization which launched and
financed the Committee of Seventeen
and is responsible for its plans, knows
that those plans are being. put into oper-
alton on a sane, sound business basis.
1t is better to go slowly, and be
absolutely right, than to rush into any
project blindly. The farm bureau is
the farmers business representative.
It's duty is to protect his interests.
When we SO before the farmers Of Min
nesota with grain marketing plan. we
intend to be sure it is right, and has a
fair chance Of success: 6.
There will be no attempt to organize
Minnesota farmers to market their 1921
crop under the plan of the Committee
Of Seventeen, Mr.. Gunnels said. Some
grain will be moved through existing
organizations which co-operated in the
formation Of the q. S. Grain Growers.
he said, shut farmers will not be asked
to contract their 1921 crop to the ma
tiOllal organization ''%34 ST. ST 3&Esss5sS