The Mankato free press., 1923-07-20

art from A to z. This VIII conclude
our letter Of today.
BUREAUS TO BACK COOP ELE-
VATORS
Farm Bureau officials in all grain
growing counties Of Minnesota are
asked to see that every possible
bushol Of the 1898 crop goes to mar =
in letters that went from the state
headquarters st ST. Paul this week.
The iettsl. calls special attention 10
The arr&n gem snt for financing farm
er- owned elevators that has been
Pc rfected by Offices OF the U. 8.
Grain Growers Sales Company Of
Minneapolis, This Is farmer
owned sales agency, established
more than a year ago, with funds
supplied by the Farm Bureau. The
financing arrangement, Farm Blu
rerau leaders say, will relieve hun
Ireds Of farmer owned elevators all
over Minnesota, OF all obligations to
conM lssion houses. In former
years, commission houses have
supplied elevators with operating
e6 q practical monopoly on the ele'
maDt that has been compiled by T.
H. Hagen, manager OF the farmers
conceGn at Minneapolis, the ne v
Intermediate Credit Bank OF 81.
Paul will supply elevators with
y, or,zing capital up to $4,000. thus
enabling them to enjoy freedom
rom commission firms hitherto un-
known. Since the announcement
of our financing arrangement, CO.
.perative grain marketing has
shown an activity never before
known. says Mr. Hagen. Farm
or owned elevators all over the
state are writing In, asking for de-
tails and expressing a determination
to ship 10 the farmers company,
now that they are in position, A.
nancially, to do So"
THE SLUMP IN PRICES
Who killed cock robin-or, IN
other words, who or what should
bear the onus of the slump In pric-
60 OF farm products and the hard
times experienced by the farming
ciasses-was discussed by DR.. B. H.
Hfbbard Of the University Of Wis
consin at the afternoon session Of
Cattle Feeders Day at University
Farm on Friday. June 20. DR.. Hib-
ards subject was The General
Agricultural Outlook"
No act Of commission or omm1s-
sion by the Federal Land bank sys-
tenn was responsible, DR.. Htbbard
said. Neither did the packers put
the prices down. He pointed to a
steadily falling wheat market as
evidence that the new tariff law had
failed to halt the decline In various
farm products, much less elevate
prices as politicians had contended
would be the case. The tarif," ne
said, lis about the biggest joke that
has ever permeated the minds Of
statute makers"
"As an agricultural class we are
left with a surplus OF goods" DR..
Hibbard said. Our customers are
still bankrupt. Demand for goods is
altogether different than the need
of goods. American farmers are Like
goods and the rank and file OF his
customers departed The few Gus
toners left wanted to buy on time
and the time isn't up yet"
DR.. Hibbard secuted the idea that
the issue Of more money would save
the day. Reduction Of output by
farmers Ia just about as probable as
a message from Mars" he said. he
also took issue with the proposition
that the farmer IL entitled to the
costs Of production. This address
may have cost me $400 and may be
worth no more than 30 cents to
you," he said in illustrating his
point
DR.. Hbbard said that things are
bound to adjust themselves whether
we do anything or, not. This will
take time. Increased efficiency ana
by system Of cooperation, are things
which will help bring about .
change for the better. The move
ment from the farm to the towns
and cities Is more likely than any
thing else to solve the problem OF
oYerproduction. Efficiency Is going
to be more and moro a factor In all
human effort, he added.
Beef producers Of the state were
told by Dr.. Hubbard that the peopI.
we're going to eat more dairy beef
than ever before. Were going to
eat It." he said, because we have
1t and because the dairy cow is one
Of our most economical producers
or human fO0Q. ChOiCe DeeI l5
prosperity food. The laboring man,
for one, gets along without the good
cuts Of beef when employment Is
slack and times are hard"
Prof. F. G. King Of Purdue uni
versity, who preceded DR. HibbaI u
on the afternoon program, gave the
results Of experiments in cattle
feeding at his institution. Feeding
trials at Purdue were started in
1905 and have been conducted. ever
since, he said. They have shown
that the original cost of the cattle
fed constituted 47.S per cent Of the
total expense in fitting for market.
The second large item was the feed
costs which amounted to 38.9 per
cent. The experiments had demon.
Btratsd that the most profitable sys-
tenn for Indiana beef producers to
follow 10 to give @ full feed Of corn
because It permits Of better mar
ket finish aad increases the profits
from the hogs following the cattle,
Htlago Is not an especially good feed
unless used with cottonseed or LIN.
ssed oiimeai. Some concentrated
! protein 10 needed with the roughage.