The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1930-04-18

(F1om Farmers Union HERALD
QUESTION: The Farm Board seems to change its policy oftener
than editions of the Herald are printed, so that no sooner
do we get our minds adjusted to explanations made by yn
than the whole program is changed. What will change next?
ANSWER: The program of the Farm Board in carrying out the
Marketing Act has not been changed in principle Only the
details of the program have been changed, The Farm Board
as a body did not in the beginning know much about details
of grain marketing. The board has had to learn a lot of things
We must have charity and patience with the board. The board
has undertaken a tremendously big task and has met with
great opposition at the hands of the powerful private grain
trade The private grain trade owns a large part of the ma
of money, but very little machinery with which to operate
with respect to the crop of 1929.
QUESTION:: Why did the board reduce the loan value O n No /
hard spring wheat from s125 to s1.2o?
ANSWER: The reason is that in the opinion of the board the differ
ence between the loan price o n hard spring and the loan
price o hard winter was too great. When the Farm Board
fixed the loaning value last fall, hard spring was given a price
of $125 per bushel Hard winter wheat wa given a price
of $11S, making a difference of seven cents The board has
now reduced No. 1 hard spring to S120 and made some other
changes in the spring wheat schedule. All durum loan values
remain the same with the exception Of No amber.
Duum is produced only in the northwest area. Number 1
amber has been raised from SLIP to $114, a n increase OF
two cents per bushel
Even with five cents taken from No. hard spring wheat,
you may still borrow more money than the local elevator
QUESTION: Why did you stop paying drafts through elevators
or storage tickets?
ANSWER: We stopped because elevator managers and others were
making mistakes mis- esan,n Many 1u drafts ats had to be returned because
ment to the banks.
ANSWER: Take your storage tickets, marketing agreements and
chattel abstracts to your friendly banker, or your elevator
manager, if he is friendly, have them made out properly and
send them in to be checked over here by our accountants.
and marketing agreements, properly made out arrive at
our Office.
We III handling government funds at the rate of many thou
sands OF dollars daily, and we are held responsible to the last
penny for the administration of these funds. We cannot af
ford to make mistakes.
QUESTION:: Must l be a member of the Farmers Union to get a
loan on storage tickets?
ANSWER: No. You must be a producer. You get a loan on your
w grain. You cannot get a loan unless you were the pro-
Queer of the grain and have a clear title to it. If the grain
is mortgaged, or there is a lien against it, the mortgage or
lien holder must either reinquish the claim IT join with you
in making the application for the loan. Your banker will
explain this and tell you what to do
You must also become a shareholder of the Farmers Union
Terminal association by the purchase of all, or a part, of one
tendo1ar share of stock. One cent per bushel up to, but
not more than ten dollars will be deducted for this membership
share. Il your storage ticket is for one hundred bushels. one
dollar only will be deducted. If for two hundred bushels, two
dollars; three hundred bushels, three dollars; four hundred
bushels, four dollars; one thousand bushels, ten dollars; one
thousand one hundred bushels, ten dollars. Ten dollars only
will be deducted and no more, even though your loan might
be o n fifty thousand bushels. This deduction is made but
once. When your tendolar share is paid for, no stock de-
auctions will be made again for 1880 o any succeeding year.
Any overcharge which has been n may be made on your