The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1922-09-22
GRAIN GROWERS
AGENCY FORMED
o.c. sS-sr-r IS suola .os q
ON1AH SOUL seqsn
ED nv u44,.,-
CAPITAL OF $4,000
Prominent Men Are Interested
In This New Farmer
Enterprise

The u. S. Grain Growers Sales
company of Minneapolis. produc-
ers' sales agency which will market
grain for formers of Minnesota,
North and South Dakota, and Mon
signed United States Grain Grower
contracts, has been organized and
is about to begin operations in Min
neapolis Articles of incorporation
were filed today vita Mike Holm,
secretary of state.
Incorporators are ]. F. Reed,
president of the Minnesota Farm
Bureau Federation and a member
of a committee of three in charge
of u. S. Grain Grower affairs si2ee
that corporation was re- organized
seven weeks ago; Thomas E. Cash
man of OwatoEAa, member or the
Minnesota Farm Bureau Fedora
tons executive board and Z. H.
Cunningham of Cresco, Iowa, secre-
tary of the Iowa Farm Bureau fed
Grafton and now president OF the
u. S. Grain Growers, Inc.
The company has an initial CAPT
tai stock of $4,000; $4,000 in com,
mon and $4,000 in preferred. all
fully paid up. The capital invest
ment will be Increased as rapidly as
possible. it is said. The U. S. Grain
Growers Sales Company, Della
ware corporation and subsidiary,
of the u. S. Grain Growers, Inc,
will hold the majority OF stock In
the Minnesota corporation. North
west members of the Grain Growers
will have control through a local
board designated by the members.
The temporary board of directors
will be composed Of Mr.. Reed, Mr.
eastman, B. F. Nelson OF Benson
secretary of the Minnesota Farm
ers' Grain Growers association;
Harry Green of Leal; Nd, I Gram
Grower member, and w. S. Hill OF
Mitchell. S, D.. president of the
South Dakota Farm Bureau FEEDER
alton and a member of the Farm
Bureau committee that had charge
of the recent re- organization Oh the
U. S. Grain Growers.
The u. S Grain Growers, lnc.,
has approximately $500 mempers
in the spring wheat area, OF Wncn
number 5.O00 are in Minnesota and
the remainder in South Dakota.
Contracts signed by these members
represent more than iS.ooV,OOu
kbnshels Of grain high theys NAYS KS
agreed to sell through the agency
for at least five years. the agency
will handle grain OF all xmas.
Vile Mimi. has been selected as
MINNEAPOLIS manager and is now
preparing to open Offices. Mr. Ha,
gen has had Is years of successful
Experience in the grain business at
Minneapolis and Duluth. He retir-
ed two years ago to personally op-
crate his farm.
In announcing trt plan to north,
west sales agency, Mr.. Reed issued
the following statement:
at is the hope of the directors
that much of the grain marketed
will be handled direct from coun-
try elevators to millers and export,
ers. But in order to dispose OF all
grain coming to the company,
seat on the Minneapolis chamber OF
erain will be handled in the man
ner provided in the U. S. Grain
Grower contracts and the. growers
will at all times be protected: FAR
mers who have signed contracts can
Iook forward to their being made
directive within short time, tnougn
none needs to consider thSt MS
agreement has been called until ne
RECEIVES a formal notice from the
constituted grain grower autnorl'
ties. No.
mers' Grain Dealers association
have Endorsed tae company ana
pIan of organization and will use II
as a selling agency for its mem
1T is the hope Of directors of the
Minneapolis agency that the de:
mand Of grain producers for their
own marketing agency will be fully
met. IL producers are loyal TO the
company and Send their shipments,
II will become an important factor
in the grain market"
Announcement of the incorpora-
ton of the Minneapolis company
marks the completion OF the hrst
step of the u. S. Grain Growers, as
recently re- organized, to open sales
agencies. Mr.. Reed, working with
Mr.. Cunningham and r. A. Cowles
of Bloomington, ILL.,, the third mem
her of the new executive committee
of the Minnesota Farm Bureau
voting practically all his time for
six weeks to getting the company
organized and ready for business.
The movement has the backing
of the Minnesota Arm Bureau
Federation, cosaty directors in ses-
fai runok having V0t-