The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1924-10-16
Minnesota Farm Bureau Has
Ratified Grain Cooperative
Action Taken After Thorough In
vestigation of Grain Marketing
Company by Committee

At a meeting held last week the
executive board of the Minnesota
Farm Bureau Federation definitely
and unquakfedly endorsed the
Grain Marketing Company of Chica-
go, the corporation recently organized
under the cooperative marketing law
of Illinois, and in conformity to the
,Capper Volsted Act, the federal CO.
operative marketing law. This en-
dorsement was given after a complete
study of the objects, plans and pur-
poses of the company.
J. F. Reed, president of the Min
nesota Farm Bureau Federation, in a
statement issued following the action
of the executive committee said: "For
several months before this merger
was consumated a careful study was
made of it by farm organizations of
the country, including the American
Farm Bureau Federation. The OBJ
jects of consolidation and the pur-
poses to be achieved received care
full and minute investigation.
sThe bylaws of the company pro-
vide that cooperative elevators, grain
pools, grain associations and individ-
uals may take advantage of it's ia
cilities. =, - a,e-l-zt
"The grain will be handled at cost
and the difference between the cost
of handling and that received by the
company will revert to its customers
in patronage dividends. If the
present success of the company con-
tinues, it will be able to show ma
terial saving in the handling of grain,
which will be passed on to its patrons.
"Every step in this organization
has not only passed the most intri-
cate scrutiny of the producers in
terests but of the department of JUS
tice and the department of agricul-
ture at Washington.
"This company has been criticized
by those who know nothing about its
business or principles. This criticism
has come in part from those who are
Another class of critics consists of
those who, through ignorance Of the
formation of the company and its OBJ
jectives, have been misled into be-
lieving much of the criticism coming
from interests that will be directly
affected by the operations of the
company.
"This company is not fly-by-
night plan or scheme for the market
ing of grain. It is a going concern
that is today a large factor in the
grain trade. 1t is now handling
large part of the grain on the mark
cts and an enormous amount of ex-
port grain in such a way as to leave
no doubt that it will show large eco
Monies to those who patronize it.
eff grain producers are to own
this company they will first have to
patronize it in order that it may be
recognized as a true cooperative und-
er the law and that the property Of
the company may become the proper
ty of the producers. 1t will be fur
Their necessary for the producers to
work their own representatives into
the company during the period it is
manned by the experts from the
merged companies who are now di-
recting its marketing policies, and
who under the terms of the contract
will leave the company in five years.
"The opportunity given to grain
producers through the Grain Market
ing Company to carry out their long
deferred hope for the cooperative
handling Of their products should be
enthusiastically welcomed.