The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-06-16
OtY COOPERATION
CAN V MARKET
PROBLEM, IS VIEW
Essential to Proper Handing d
Grain, Jacobson Asserts to
Montana Growers
LOANS POSSIBLE BY UNITY
Operation Of Farm Storage Law
in This and Nsighboring
States Also Involved

Havre, Mont, June 16.-tFI-Farm-
ers of the Northwest and the nation
must support whole-heartedly the
federal farm board and the Farmers
National Grain corporation through
the accredited regional cooperatives
if benefits Of the cooperative market
ing program are to be realized, Rolf
jacobson, attorney for the Farmers
Union Terminal association, told
grain men here today.
Mr.. jacobson, speaking before the
Montana Elevator Dealers association,
In convention here, gave q brief OUT
line Of what the farmer and the grain
dealer must do If they hope to put
acFoss the program for farm retef.
Outlining the program, he emphA-
sized:
"First-Farmers must learn TO CO.
operate and to turn the bulk Of the
grain over to one central sales agency.
"Second-Tbe farmer must learn to
eel or to market instead Of permit
ting himself to be forced to ACCEPT
merely what bid Is offered on the
day that hts grain arrives ut market.
Thirdly proper handling, the
producers will have . part In the de-
termination Of prices, like the manu.
facturer OF an auto or q pair Of shoes
establishes the price for his product.
"F0urth-Control Of the marketing
machinery u essential II the farmer
is to have . part in price determine
ton for his product and control Of the
marketing machinery must be wrested
away from the SPECTATORS, who In the
past have controlled marketing ma
chineTy.
Muss ns.so N!afkesanS MIeenanesy
nov Is bne oplecuve, real farm re-
hei 70 pc brought about7
as outnneo tne 1atners ana the
prooucers mnst ouiio tne neeoed mar
keta1s n~lacLlne1y. Asuostan!lal start
mas been made IN the establishment
Farmers National Grain corporation
in the grain division. The credit re-
sources Of the federal farm board,
with its $5o0,Oo0 900 revolving fund,
and the resources Of the Federal In
termediAte Credit bank and back Of
the cooperative grain marketing pro-
gram. Not only are funds provided
for loans for facilities, but there are
funds for effective merchandising
loans ana Tor advances as supple
mental loans In addition to loans
from the intermediate Credit bank
and commercial banks.
THE Farmers National Grain, cor.
poratton loan pamphlet for 1890 has
been Interpreted as meaning that
there will be no pegged or fixed price
levels for wheat or other grains. The
pamphlet says that The Farmers
National Grain corporation will make
supplemental loans in such an
amount or percentage Of value A NAV
be determined from time to time by
the federal farm board. The corpor-
alton will take q second lien there
on"
osofese Snoui0 start On Farm
tue PRIMERS Union Terminal as
eoclatlon oelleves that the price de-
t~ern1anauon should start from the
49, I0otS up " placing the storage
IeserveS llrst on the farm. IN subter-
!nlnais ana tnen IN farmer-owned
teIminats. Inc farm storage laws Of
Aaontana ana North Dakota have CIV
~ ~ farmer 9 starting point. In
Nortn Dakota loans were made on
mo oI IMAM q million bushels OF the
~ : 9 stored on farms. With ply
steal possession Of the wheat. the |
e guide 4 ,.i ia a,,' Disatine:: VIII