Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-01-01
Canadians Growers In
Wheat Pool Successful
MARKETING PLAN PROVING sue
CEssFUL IN FACE OF JUMRY
MARKET HOW TT is DONE
By Robert Fuller

Wheat growers OF the united States
both organized and unorganized, are
watching with keenest j interest the
wheat marketing III Canada Up there
between so and So per cent of the
growers have risked their future
hopes in a pool of their grain, in the
effort to bring into their own pockets
some of the millions Of dollars in an
nual profit on wheat.
If Canadian wheat growers can
solve the marketing problem of their
three to four hundred million dollar
crop each year, then American wheat
growers will be convinced that the
plan is practical and can be applied to
9heir own billion dollar harvest.
Briefly, with wheat prices sticking
close around the $3.50 mark, it might
be said that the Canadian growers
plan is receiving the acid test How
ever, those well informed on the sub
ject insist that the growers are stick
ing to their guns and that they have
come through 1924 with flying colors
and are more firmly entrenched to
carry on with the 1925 yield
Bankers Are Financing the
Growers Organization
First Of all the Canadian wheat
growers and bankers are working
hand in hand. The province banker
realizes that the farmers welfare is
his welfare, and he has made and is
making it his business to see that
the wheat growing farmer is financed
The first year, which was in 1928
The Canadian Bankers Association
financed the wheat growers organiza-
ton with approximately $15,O0O,000 at
s IL per cent This year, the bankers
raised the ante to $25.O0O,OOO at s per
cent.
The association was organized and
is conducted as follows: First of all,
one cent a bushel is deducted from
the growers price. this going to re-
serve fund. AT this stage of the fight
another cents bushel is deducted
for the purpose of building grain stor-
age quarters and elevators
This year the association has paid
81 per bushel on delivery. At the end
of the season all funds received for
wheat in excess of that price will be
divided pro rata. The number Of Can
adam wheat growers pooling their
grain this year has been reported be-
tween sixty-five and ninety thousand.
AS a result of this wheat pooling by
growers, Canadian bankers report
that more than fifty per cent Of the
farmers viii be able to meet their
interest payments on mortgages this
year, condition that has not existed
since shortly after the war
Binding Contract with Growers
Prevents Bolt
The farmers contract with the or
ganization is binding to the extreme
made so to prevent the timid from
rushing TO dH independent HldIhGL
when prices break sharply, as happen
ed once since November L. when the
Winnipeg high for hard wheat adjust
ed to Chicago quotations.
If the wheat growers bolts and deliy
ers to Independent buyers he mus
pay fine of rs cents per bushe1 and
is subject to suit by the association
The cost of joining is So, this going
to the general expense fund. The mar
keIlng or selling agency of the organi
cation is of course Of first Importance
The year just closing has been a very
jumpy one in wheat. The organization
has a good sales agency, small it is
admitted, but efficient. A margin of
Is cents is set at all times between
the cash payment to growers and the
market price.
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