The Dawson news. (Dawson, Ga.) 1889-current, 1924-02-19
FARMS REQUIRE
SAFE MANAGEMENT
EFFICIENT BUSINESS METH
DDS AS ESSENTIAL IN THIS
INDUSTRY AS IN OTHERS.

The adaptation OF efficient industrial
management methods to farming was
offered as the fundamental solution OF
agricultural difficulties by Walter w.
Head, president OF the American
Bankers Association, at a conference
OF bankers.
agriculture differs from most in
dustries in its need for efficient man
agement," said Mr.. Head "A thous-
and capable managers might direct
the constituent parts OF an industry
employing an amount OF capital equal
to that employed in farming with a
product of equal value. But, IN the
case of farming, with more than TO-
100000 people employed there must
be more than 100000 OF managers
each managing his own investment
his own farm. The success OF the IN
dustry depends upon the ability OF IN
Vulnerable managers.
In addition to economical produc-
ton the farmers prosperity depends
as well upon economical marketing. 1t
involves the raising OF products mark
etable as to quality and as to quaint
ty. Even more than in the held OF
production capable and efficient man.
agement is important in the held OF
marketing.
ability to barter and trade, to
foresee probable future developments,
to finance the movement or the stor-
age OF a crop. courage TO take the
action dictated by sound judgment, are
merely a few OF the requisites OF farm
management. The problems OF agrl-
culture basically are the same as OF
business generally. The solution OF
the farmers problem depends upon
the application OF the same principles
which are successful in other lines OF
Industry and commerce. Intelligence,
foresight. courage, cooperation with
and cooperation OF other business in
terest-these will bring satisfactory
results in agriculture as in all other
lines OF business.
Farmer Has to Keep Pace.
Today primarily the farmer needs
most of all a closer touch with his
fellow men engaged in other business
activities. The farmer, due to the
physical conditions surrounding his
work has lived by himself and to
himself 1t is little wonder that the
farmer has been bit backward IN
grasping the significance OF the steady
movement toward industrial centrali-
cation. The business world has moved
forward. The farmer-relatively speak
ing-has continued to use old meth
DDS.
In the last few years there has
been a change. Progressive farmers
have realized the need for adopting
as their own some OF the principles
which have been successful in other
business activities. The great agrlcul-
tural industry has undergone and is
undergoing a transformation. The
farmer-taking lesson from the his
tory of manufacturing adjust
his industry to the new conditions.
I'VE have heard much recently
about the plight OF the wheat farmer
Likewise. we have heard much about
the fact that wheat, after all, IS only
4 part of the agricultural output OF
America. and that it alone is but one
o. many factors which, together, de-
termine the degree OF agricultural
prosperity Such consolation does not
recognize the fact that, to some farm
ers-to many farmers-wheat is the
one crop upon which their prosper
ty depends.
Diversihcation Urged.
"Diversihcation is advocated as the
answer to this problem. The fact is
unescapably true that Investigation
relieves the damaging results of one
crop failure, either makes the farmer
Independent of outside assistance, or,
where outside loans are required,
makes their. early payment easy.
Bankers are rating a farmers credit
tv Investigation more than by the
amount OF land he owns. Bankers do
not want to acquire farms by the lore
closure route Bankers want their
loans repaid because repayment re
fleets the creation OF new wealth in
the community and consequent IN
creased prosperity for everyone
banker, farmer. merchant.