Kankakee Valley Post, Volume 11, Number 8, DeMotte, Jasper County, 9 January 1941 — GOVERNMENT OWNED CORN OFFERED FOR SALF AT 65 CENTS [ARTICLE]

GOVERNMENT OWNED CORN OFFERED FOR SALF AT 65 CENTS

Any farmer, livestock feeder, or operator wishing' to purchase corn which is owned by the Commodity Credit Corporation* and stored in Indiana, may purchase' it at the place where it is stored at 05 cents per bushel- or at the local market price, if the price is above 05 cents. ■This is corn of the 1937, 1938, and 1939 W-pps •’.rich was delivered to the Corporation by Ifoosier farmers in settlement of loans made under the Triple A program. According .to T.. Marshall Vogler, Chairman of the State AAA Committee, approximately 2.200,000 bushels of corn are stored in steel bins in 32 counties in Indiana. Tn addition. 7rmre than 35,000 bushels of corn, which is owned by the Corporation, is stored in elevators in Warren County Previous to this time, the ale price of the 1937 and 1938 corn varied with the amount of the charges ngainst it, and the 1939 corn, which wa< .inst recently delivered to the Corporation, had pot been available for sale. This new policy places all the corn owned by the Corporation on a uniform sales basis at a price approximately equal to - the amount of storage charges against the corn. Commenting on the new -ales policy, Rollin ,T. Stewart. Chairman .of the Jasper County AAA Committee, said, “This policy will help livestockfeeders in deficiency corn producing areas to obtain corn at a price that will enable them to continue normal operations. This will stabilize li\tjjp stock production and the prices rtf meat products.” he -aid. While the price of 05 cents is above the 1910 corn loan rate of 01 cents per bushel, many livestock feeders will prefer to buy old corn at a slightly higher price because of its lower moisture content arid .better feeding qualities. All sales of coim owned by the Commodity Credit Corporation will he supervised by County AAA Committees. who supervised the making of the original loans.