The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1929-04-12

FARM CO-OPERATIYES
SEEK FEDERAL AID

Washington = (FP)-Eoual tariff
privileges with the manufacturing in
dustries, revision of the federal farm
loan system and discon' .nuance of de-
velopment of federal irrigation and
reclamation projects until lands now
under cultivation are put on a profit
able basis, are the three major de-
mands to put up to Congress by the
new National ChamDer of .ASricultur-
al Cooperatives. Their legislativ,
'1Ogram mas been made pubic by c..
o. Moser of Dallas, p4 esident and
general manages of tne American
Cotton Growers Exchange, and Chas.
w. Holman of Washington, secretary
of the National Cooperative Milk Pro
ducers' Federation. These two spokes-
men have asked the House and SEN
ate committees to grant them special
hearings on their rural credit de-
mands.
In order that the federal rural
credit machinery may provide ade-
quate productive credit marketing
credit, and credit to enable coopera-
tives to expand their ownership and
operation of physical properties, the
Chamber asks:
1. The separation of the IL feder-
al intermediate Credit banks from
the IL Federal Land banks.
2. Creation of a federal interme.
date credit board, a separate and in
dependent body to supervise the fed
, eral intermediate credit banks.
3. Establishment of $3,000,000,
600 revolving fund to be placed at the
disposal of the federal intermediate
credit banks, and to be loaned to co
, operative associations to enable then
to acquire OF erect various types o.
processing plants, warehouses anC
; other facilities.
: 4. Authorization to the federal in
termediate credit banks, wheneve
needed, to draw upon the treasury il
e sufficient amount to increase thei
I capital stock so that the lending pow
! er of any single bank would be suf
e ficient to Gale for the needs of tn
n largest cooperative within its terri
e tory.
5. Reduction of the minimum tim
limit OH commodity loans now mad
by the federal intermediate credi
n banks on the security OF warehous
d certificates f1om months to so day
: 6. Authorization to these banks t
|, lend cooperative associations for mai
n keting purposes on warehouse RI
y ceipts, amounts not over 90% of tn
market value of the commodities
the time the loan is negotiated, prC
vided the commodities so pledged al
hedged on a recognized future col
tract market. The loan limit to (
II 1870 where commodities are M
Y hedged.
Dealing with export surpluses ar
,e the problem of stabilization corpor;
lie tions for the control of the surpluse
D. this farm coop group decided tn;
mo plan for surplus control of al
4 commodity could be permanently e
n ftctive, or even avoid disastrous col
e, sequences, unless provision is made
TO the legislation to control over-produ
te ton definitely"
S, In other words, the new federatiC
D. of farm marketing cooperatives is
r favor of a higher tariff on farm pr
ducts, and gentrous aid from the go
is ernment m processing and storir
o. crops under the auspices of the COO
re eratives, and in paying a higher pc
r. centage to the farmer on warehou
n RECEIPTS. 1t doubts the possibility
* increasing prices on surplus crops, b
demands restriction of productio
This last is possible only through vC
untary agreement, which none of Il
cooperatives' chiefs now think like
to be secured in the next cecade.