The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-01-05
lOWDEN TELLS
DAIRYMEN OF
farmers NEED
,.vner Governor Says Warehouses
rrst Be Provided for SURPRISES
In BOuntiful Years.

oraha. Neb., Jan. 5.-If the farm
Il 10 continue to feed mankind.
= must be paid for his services
"a We must provide warehouses
- the SURPRISES in bountifEl
Ears. Frank G. Lowden, former
s,svernor of Illinois, told the Ne
. s-,ska Dairymen's association in
|sonyention here today.
sThe farmer believes in the value
II what he produces and knows
Ia II is indispensable to the world
4 Fertilization is to go on" he said.
<Uhen he sees that the total value
4 an unusually large crop is less
Z the markets of the world than
~ value of a small crop. he knows
.Sat something is wrong in our
-ethods of distribution. He does
81 need to be familiar with high
: mathematics to feel sure that
srelye million bales of cotton
night to be worth more than six
mliIion bales; for each of the
,veIye million bales will be genu-
nelly servicea5le sooner or later in
clothing the world.
"He has seen much improved
suanciaI conditions come to one
qreat section Of the country be-
ause of an a5normaIly short crop
N that staple. He can't persuade
himself that the boil weeviI is a
hanefcent agent of mankind, and
vet he is compelled to admit that
the cotton states are indebted to
that little insect for their improv-
ed financial condition.
I've know that no commodity
will be long produced below the
( asst of production, and therefore il
ought never be necessary to mar
ket any farm commodity below
such cost; for if that commodity
can be stored and held the world
will have to pay the cost some
day.
Solved Abroad.
These problems have been me-
and solved, in a large measure, il
Holland and Denmark and among
the fruit growers of California, by
the organization of farmers CO
operative societies. These soci
cites do not attempt to arbitraril!
| fix prices. They do study the prob
Asble demand and attempt to adjus
PRODUCTION to meet that demand.
Instead of throwing the entir'
seasons crop upon the marke
within a few short weeks, they pro
vide for orderly marketing of thei
products. The tendency of this i
to stabilize the market. And tn,
stabilizing of the market of an.
product is in the end best for tn
T consumer and the producer alike
1t is never a good thing for anyor
when any useful commodity is sol
for less than the cost, for unde
the inexorable laws of economic
curtailed production will follow
until prices abnormally high ar
Nhe result ANY commodity that i
Produced probably year after yea
will in a long series of years b
produced more cheaply than wher
there are violent fluctuations.
When the price of wheat o
Wednesday of one week is ten cent
more bushel than it was on til
Tuesday of the week before, thi
law of supply and demand ma
\ mean the difference between a prof
IT or loss upon a whole years wor
Of the farmer.
Profit or Loss.
While in every other industr
we are abreast of the most ad
vanced nations-in commerce, i
manufacture, in banking and mer
chandising-thcre is not a natio
IN the world that cannot teac
America something about farminc
\ This has been because of the grea
4 abundance of fertile lands in thi
sountry. so that we could exhaus
Sne field and then move on ives
and take up virgin land.
IF our farm is worn out it
our own fault. and if we do nc
restore it within a reasonable tia
it is not only our fault but it is a
act of positive treachery to tn
generations that shall come afte
usn