Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-03-18

these steps. This is exactly Whal aGo-
operative marketing association OF
growers must do. The experts work
ing for growers are selected and super
vised by the directors. who in turn are
elected by the growers.
Experts Needed.
The need for cooperation among
growers and the employment of eX-
perts is made more pressing by rea-
son of the fact that these experts are in
many cases now working against the
interests Of growers.
6. Organization without capital
stock OH a nun-dividend paying basis
is an essential principle which has a
number of advantages.
a. Through the simple eXpedient of
making the commodity stand on it's
own feet us collateral for the amounts
needed in the marketing operation, it
becomes unnecessary to raise huge
amounts OF capital stock. Efficiency
is thus promoted.
b. From legal standpoint this plan
is desirable. The Clayton amendment
to the Sherman antitrust act specifi-
cally provides that farmers associa-
tions organized without capital stock
and operating on a non-profit basis are
exempt from the PROVISIONS of the act.
c. This plan turns back all profits
to growers. Only operating expenses
are deducted. Since there are no divl:
dends no one is interested in joining
except growers Outsiders who fire.
quently give trouble in stock compan-
les are thus eliminated.
Among the farmers organizations OF
California the non-stock, non profit
plan has practically pre-empted the
field. 1t is not only legally necessary
in a large cooperative enterprise but
is the most efficient
Adjusts Supply to Demand
Farmers cooperative marketing as
sociations based on the principles here
stated benefit not only the growers but
also the public. It secures efficiency
by modifying wasteful methods of
handling crops, by eliminating unnec-
essary middlemen, by Standardization
OF the commodity, by better distribu-
ton and by making it impossible for
speculation to operate.
The law of supply and demand il al
lowed to operate without hindrancc de-
termines prices. The work Of coop
erative marketing association is to ad-
just the supply to the demand so that
this law may operate freely and fairly.
Where cooperative marketing asso-
Citations operate largely, rural life Is
more stable and farming offers a more
certain living to those who engage in it
by reason Of the fact that many Of the
elements OF chance are removed from
the industry.
The extension workers Of Kentucky,
Maryland, North Carolina, South Caro-
lima, Tennessee, Virginia and West Vir-
ginia in conference assembled at Roa-
noke Va, February 9. 1921, endorsed
the following statement covering the
subject of marketing farm products:
First: The present methods Of dis
tribution OF many farm products are In
some respects wastcful. causing enorm-
Gus losses to the grower as we'll as to
tho consumer.
Second: Any Improvement that can
be made in :he present system of dis
tribution promises to be of great value
to grower and consumer.
Greatest Hope of Relief.
Third: Cooperative marketing of
farm products by marketing assocla-
tions of grcers. organizing preferably
on the non profit, non-stock plan,
holes for the greatest hope Of relief
from the inefficiencics of the present
systems. At the same time we recog-
nize that the organiZa ton of our grow
ers will require considerable amount
Of time, educational work, and conserv-
ative and energetic work.
Fourth: Such marketing assOcit-
tions should be organized along purely
IN S'Sit''S S' VIZ
commodity basis, having a membership
composed solely OF growers and land
lords who receive part OF crops or rent.
We endorse The binding crop contract
plan as an important feature OF coop
erative marketing.
Fifth: Such marketing associations
should embody the principle of pooling
Of commodities by grade or quality.
Sixth: Experts should be employed
under the supervision Of duly elected
directors TO- manage the operations OF
marketing TO- the associations. The
directors should include representa-
tives of the public.
Seventh: l.: is recognized that much
demonstration work must be done along
the line of improving and standardizing
varieties, but it seems reasonable to
suppose that such efforts would be
more effective if we have cooperativa
marketing associations handling the
commodities than under the present
system.
County Agents to Assist.
Eio,,t. Eytensinn workers should