Jasper County Democrat, Volume 23, Number 60, Rensselaer, Jasper County, 23 October 1920 — County Agricultural News [ARTICLE]

County Agricultural News

Department of Farm Welfare Conducted by County Agent

Mr. Proulx has gotten up a very interesting statement regarding the cotton seed meal prices in Indiana. The following is his statement verbatim : “The two principal protein concentrates which Indiana' farmers purchase in order to re-enforce their farm grown feeds are tankage and cottonseed meal, both of which are purchased strictly on the protein basis. The price of tankage containing 60 per cent protein still remains firm, at SIOO.OO to SIIO.OO Ser ton and is the only feed that as not experienced a drop in price, due probably to less available stocks pn hand. Quotations on the new crop of cottonseed meal are now available. High grade cottonseed meal which contains 43 per cent protein and which was sold in Indiana last November in carload lots for $83.65 per ton, is now quoted at $54.60 per ton ,a drop of $29.05, while low grade cottonseed meal containing 36 per cent protein is now quoted for $49.60 per ton. It is impossible to prophesy the price which will prevail throughout the 1920 crop, but since farmers purchase this mead ‘on the protein basis, they will find that protein in high grade meal costs less than protein in low grade meal.. Purchasers will do well to secure price lists from brokers or dealers on both 43 per cent and 36 per cent protein cottonseed meal. Actual quotations Oct. 7 on carload lots, delivered to Indiana points were: 43 per cent protein cottonseed meal, $54.60 per ton. 36 per cent protein cottonseed meal, $49.60 per ton. It is an easy matter to figure out the actual cost of the protein in each grade of meal by using one of the following methods: Using first the unit basis method of calculation, the 43 per cent cottonseed meal at $54.60 per ton becomes $1.27 per unit, obtained by dividing $54.60 by 43; while the low grade 36 per cent cottonseed meal at $49.60 per ton becomes $1.38 per unit of protein, obtained also by dividing -*he purchase price, $49.60, per ton by 36. Since a unit of protein in the low grade 36 per cent meal costs $1.38 and a unit of protein in the high grade 43 per cent meal costs $1.27, a saving of 11 cents per unit is made by purchasing the high grade cottonseed meal. This 11 cents saving on each unit multiplied by the number of units of protein in a 30 ton car which is 1290, by multiplying 43 by 30, shows an actual saving of $141.90 in favor of the high grade 43 per cent cottonseed meal on each car load.

Many farmers find it easier to j work this problem on the pound ba- ) sis. The 43 per cent protein cot-. tonseed meal at $54.60 per ton j would become $2.73 per 100 pounds and since each 100 pounds contains I 43 pounds of protein, one pound of protein would be $0.0635, obtained by dividing $2.73 by 43. The 36 per cent meal quoted at $49.60 per ton likewise gives the price of $2.48 by 36, the number of pounds bf protein in 100 pounds of meal, 'we obtain $0,069 as the cost of one pound oif protein in the 36 per cent meal. Since a pound' of protein in the 43 per cent meal costs $0.0635 and in the 36 per cent meal costs $0,069, the difference in cost, namely $0.0056, is the saving on one pound of protein when the 43 per cent meal is purchased. Since there are 25-800 pounds of actual protein in a 30-ton car of 43 per cent cottonseed meal, this amount multiplied by $0.0055 will! show j that $141.90 is saved by purchasing ! high grade meal. I It is just as logical for Indiana ' corn mills to grind the corn and cob ; together and sell it for ground corn throughout the cotton belt as it is ; for the cotton oil mills to add cot- ! tonseed hulls to the meal and sell ' the mixture as cottonseed meal throughout the corn belt.” Firmer*’ Federation Meeting*. The reports that have come from the township Farmers’ Federation! meetings held last week in Newton,' Milroy, Jordan, Carpenter, Barkley, I and Marion townships show that these meetings we're well attended. Their business transactions such as ejecting their directors and setting their regular meeting night were carried' out very successfully. Russell Van Rook and the county agent attended the Walker, Wheatfield and Carpenter township meetings. All 'three meetings had a very large attendance of very enthusiastic farmers. It is a real pleasure to attend such meetings and to come in contact with the best citizens of our county. Ear-to-Row Demonstration. There will be an Ear-to-Row demonstration on Garland Grant’s farm, Friday, October 22, at 2 p. m. Mr. R. S. Thomas, assistant in the Soils and Crops department at Purdue will be here to assist in holding the demonstration. The object of the demonstration is to .prove that one ear of com will produce more com to the acre than another ear. Spotted Poland China Meeting. There will be a. meeting of the Spotted Poland China breeders in the County Agent's office Friday October 22, at eight o’clock. > An armload ot old papers for Be at The Democrat office. 1