The people's voice. [volume] (Helena, Mont.) 1939-1969, 1941-06-25
TheCO-OPTIMIST
Of the F. u. G.. T. A.

n OF the t ~. NJ. / +. "A.
It's Empty to Him
Loan Values Listed
1t Isn't Cricket
Up On His Toes
Get Your Copy Now
Now that the government has re
leased the loan values on all accepted
grades OF wheat, of durum, of rye and
of barley, with the loan value Oh
wheat with protein content above IL
percent, the farmer has a fairly good
preview of the price the crop will
bring this fall He does not have to
worry about the price taking a nose
dive just when his wheat is ready to
market-unless he has no place to
store the grain. Then he is in what
the Irishman calls "a purity fix" To
such a farmer the loan value Will
mean about what the widow said
when she returned from the funeral
of her Scotch husband. On the
clothes line were a pair o breeks"
of the late deceased and as they
broke on her tear-dimmed vision, she
exclaimed: "Toom tae me moo" -
which in English is Empty to me,
nowl" The farmer without storage
facilities for his grain can look at
the tempting loan values and cry;
Empty to me, nowi"
This price list of loan values was
Immediately relayed on receipt to the
local Farmers Union elevators and
local elevators affiliated with the
Farmers Union Grain Terminal Asso-
citation. The local elevator managers
know what to do about getting the
loan, how to get the papers properly
drawn and how to handle the grain
to the best advantage of the farmer.
The Farmers Union Grain Terminal
Association is all ready to serve and
this is worth noting-it makes no
service charge for its work in MAX
ing the loan and, later on, when 1t
may seem wise to pay off the loan and
take back the grain, it makes no
charge for its services.
That is not the only point worth at
tention by the producer of grain, in
a. ,a,af loon hfc Soma
farmers-a few of them even mem
bers of the Farmers Union-go else
where to put through their loans, and
pay a service charge, to bootl or
course the question arises of the mat
ter of loyalty to a farmer-owned and
operated marketing agency AS the
English say: at isn't cricket" for
man to join his own farm organiza-
ton and then go back on 1t and take
his business to some outsider. But
aside from that sentiment, there is
a big and practical reason why the
farmer should put his loan through
his own Farmers Union grain market
ing set-up. When he does that, he
will know where the papers are, in
connection with his loan and that the
grain will be marketed for him, with
out delay, ON days notice. When
the market price goes above the loan
value-he wants to take advantage of
that rise and get several cents
bushel more. But If there's a delay
due to the fact that his papers are
not in the hands of those who make
a business of marketing grain, that
rise in price may, is and can be lost
to him.
That is just common, horse sense
and any farmer-whether a Farmers
Union man or not-can grasp the
business aspect of that situation. The
farmer who gets his loan would not
mind getting d few cents more than
the loan. He could use the money
and it is human to want an income
When he makes his loan through the
Farmers Union Grain Terminal Asso-
citation or any of its local elevators,
he is up on his toes, ready to take
without delay of any price
advance ABOVE the loan Vdlue. lie Is
in position to move quickly-and he
has to, because others will be doing
the same. But if he has to hunt all
over for his papers and locate his
grain, before he gets around, the mar
ket may have dropped to the old level
or lower.
There is no mystery and no secrets
about this loan business or this term
inal marketing agency's methods Any
farmer can write and get copy of
the schedule of loan values. 1t is his
for the asking-and it is a good thing
to have handy. They can't put any
thing over on you, if you have in your
hand the loan value for the grade and
kind of grain you have threshed. But
the farmer who is not a Farmers I'm
ion member or who has no share in |
a local Coop elevator wants to re-
that the farmers in the or
ganization made 1t possible for him |
to get the service and the advance |
without cost to him, any
time he asks for it.