The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-05-29

announcement -! e'iS HSINu
tural Credit Corporation ut its Min
neapolis headquarters this week
that it will continue its livestock
loaning operations in North Da-
kota for another year will mean
that farmers in the state will con-
tinue to increase the number of
dairy cows, beef cattle, and sheep
at rapid rate.
The announcement was followed
by statements from the Great
Northern. 500 Line, and Northern
Pacific railroads at the main Off
ces in the Twin Cities that addition
al agricultural agents would he en-
pIoyed to work in North Dakota
and, with county agents, CONNER
cial clubs. banks. and farmers
clubs. cooperate with the Corpora
ton in placing more and better
livestock on the farms.
There will be no changes in the
plan whereby the Agricultural
Credit Corporation makes it posi-
BILE for farmers to buy good dairy
COWS and sheep and pay for them
in three years at six per cent in
terest, A. u. Kemp. president of
the corporation announced. The
system Of paying for the animals
purchased with their own produce
cream checks. wool and lambs,
has worked out so successfully in
North Dakota that it will be con-
tinued.
Nearly 81 100000 in dairy cattle
and sheep have been placed on
North Dakota farms by the cor
poration in the past two years and
scores Of communities have been
The cream shipments
from I.akota were doubled in a
year through this system of buying
dairy cows. Minot, through its
of Commerce. placed
$40 COWS in the vicinity alone by
loans, and several other
localities in the state are figuring
on starting campaigns.
Not Done For Profit
"The Agricultural Credit Cor
poration is the only organization
in the United States that is max
ing loans to farmers without any
attempt at making profit" said
c. 7. Jaffray, chairman of the
board of the corporation and presi-
dent of the 500 Line. What we
want to do is to get more dairy
COWS. beef cattle. and sheep on the
farms of North Dakota. When we
accomplish this we will not have to
worry about hard times for the
farmer will always have some in
come whether grain crops do we'll
or not"
One of the best examples of
what the corporation is doing for
farmers in North Dakota is offered
by Paul Mosal, a farmer living in
Pierce County, who purchased
eleven good grade cows through
County Agent H. K. Danielson Of
Rugby through the corporation at
a laid down cost of S1.O94.O0. Mr..
Mosal had sixteen cows before the
county agent tested and found they
were all being MIXED at loss.
The scrub cows We're found to be
producing from less than 100 to
ISL pounds Of butter fat year, or
less than it cost to kee- them. The
eleven cows purchased from the COR
poration averaged 248 pounds per
COW during the first year and Mr..
Mosal is paying off his loan from
his cream checks. Scores of like
cases have been found by the cor
poration buyers throughout North
Dakota.
Other states are also taking adj
vantage Of the three year loans.
At Onamia, Minnesota, new
creamery was started on the
strength of the number Of dairy
cows put into that community by
the Agricultural Credit Corpora
ton. At Great Falls, Montana,
dairy cows are being purchased by
farmers through this organization
and G. A. Norris, chief of the dairy
division of the state department Of
agriculture, has put the state buy
ers at the service of the farmers to
get cattle in this way.
Bankers Endorse Work
Resolutions were passed last
week in several district meetings
OF the North Dakota State Bank
er's Association endorsing the
work Of the corporation and as a
result OF meetings with local bank
ers, the expert buyers employed by
the organization have been placed
at the command Of any local bank