Richmond Palladium (Daily), Volume 93, Number 11, 12 January 1923 — Page 22
PAGE SIX
CO-OPERATIVE BUYING AND SELLING SAVES
$40,500 FOR COUNTY'S FARMERS IN 1922
THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., FRIDAY, JAN. 12, 1923.
j By THEODORE C. DAVIS " Savings of as much as five and six cents a pound on wool, .important savings in buying, by cartots, such bulk commodities as coal, fertilizer, mill feeds and twine, and, further, in ordering direct from the manufacturer, and better livestock prices, are some' of the advantages that Wayno county fanners have received through the co-operative buying and selling agencies that have been promoted or supported by the county, farm bureau. It is conservatively estimated that the savings have' amounted, during the past year, to a total of $40,500 en a total of $272,530 worth of business done. The Wayne county system .of cooperative marketing is carried on through a number of organizations, formed either for buying or selling, or, in some cases, for both. Co-operative Elevators The chief agencies are the co-operative elevators, of which there are four in operation and one in process of organization, at Pershing, Centerville, Economy, 'Williamsburg and Fountain City. "While the farm bureau was not responsible for tfceir organization, it is interested in their progress. Farm bureau members are stockholders and patrons and the rational policy of the farm bureau as announced at the Chicago convention will stimulate still greater interest, since the American Farm Bureau Federation will center all its strength on extension of co-operative marketing during the next year. The national svstem will be founded on local co-opera- i
uve ukb ours. Besides the elevators, other co-op-
iame agencies are the Richmond
dairymen s co-operative plant, and
xne Township purchasing committees functioning wherever there are no el&r tors. ' Functions of Elevator The co-operative elevator functions both as a buying and selling agency, disposing of grain and sometimes handling livestock and buying coal, twine, fertilizer, mill feeds, and sometimes tile, lumber, and other building materials and fencing. It thus offers a ready, complete market for products and source of supplies. The elevators are organized on a stock basis. After dividends are paid on the capital stock, extra profits are pro-rated among the patrons according to the business they have done with the elevator. Thus it is the only complete buying and Felling agency or commodities nroducprl nr rakci nr '
the farm, which is owned and controlled by the farmer. Other Methods . In townships without co-cperative elevators, purchasing of bulk commodities is done by township committees appointed by the farmers association. This committee may buy through the Federated Marketing Service, the central state agency, through the local rfpaler, or direct from the factory or mill. A small fee is charged to cover expenses, and the financing nnri His.
tribution are managed by the commit-1
tee members. The customers pay "cash at the door." The livestoc-K shipping association, as a strictly selling agency, is gaining Eround raDidlv in this sprtion nf h
state and very oon there will be few
points without their local associations. The ones already in operation are a Droved success and nro intpp-ral mrta
of the farmer owned : terminal com
mission firms which in turn are tied up' in a national livestock marketing plan. Six ot gthese i terminal firms have been established, at Indianapolis, Chicago, Buffalo, St. Paul, Omaha, and St. Louis. - ... -
None but farm bureau members is
permitted the uso of thes selling agencies except upon payments of a service charge, which equals the farm bureau due3. Wool Pool The wool pool functions when the local quotations and terminal market prices are far apart. A large part of the wool of the county was sold through this pool during the two years when local prices were too far below mill prices, 20,000 pounds being shipped two years ago. There was no pool last year as growers were agreed that prices were close to real values. There was a slight loss for poor and medium grades and a great profit on best erades of wool the first
'year while in 1921 there was a profit
ot one to six cents a pound on all medium and good grades of wool. In most counties where pools were operated last year there was an average net saving of five cents a pound.
wnne prices in many counties which did not pool, were lower than here. As a rule growers of medium or best grades of wool get better prices through the pool than are possible locally, while poor wools bring a better price from home buyers. Explains Loss While results have- been favorable to the producer in almost all cases of co-operation in marketing, knockers have found a handle in apparent losses suffered by co-operative elevators during the deflation. In most
cases these losses were due to too large prices paid for grain, so that when the elevator lost the farmer gained, and in complaining that he as a stockholder or patron had failed to receive as large dividends as usual, he failed .to consider that he had re
ceived larger prices than usual for his grain. Co-operation also has enabled farmers to get a better quality of goods. In mill feeds, in addition to a saving of five to ten dollars a tnn tvio analy
sis is one to three percent higher than what is ordinarily sold. Shows Savings By co-operative buying of certified seed potatoes, a saving of nearly ?2,000 was realized over the price
quoted by seed houses, and many more thousands through use of better seed which gave a 25 to 100 per cent higher yield than home grown seed. 1 Pooling of orders for fertilizer in the county saved several thousand dollars in one season, and helped, with other pools, in the corn belt to bring the price down from the war level, where it probably would still be if not for the pool.
It has never been the Intention of the buying or selling agencise to work injury to the local dealer who would deal fairly and reasonably with us, rather we have encouraged home trading wherever possible. With elimination of wasteful jobbers and other middlemen's more wasteful practices, it is becoming more and more possible to secure supplies at a reasonable price from local dealers. : The farmer has yet to' gain much by education In marketing probJems, particularly in becoming acquainted with different grades of commodities. Few farmers yet know wool grades, and not many more are well acquainted with more than- two or three grades of the grains and hays. Cooperative selling has helped many to find out what the market wants and to change their methods so as to improve their product and supply the demand. Another of the big results of the co
operative buying and selling has been in attracting farm bureau membership; to the farm bureau which has been responsible for these activities. With the exception of four counties, Wayne had the largest proportion of its farmers aslarm bureau members, of any county in the state. In its co
operative marketing activities, it
, stood even higher than fifth place
Farmers Mast Lock After United States Markets "Our farmers, who look to foreign markets for their surplus, should stop to consider that our home consumption of meat decreased nearly seven pounds per capita in 1921, mostly owing to unemployment. If this decrease could be overcome, it would be worth more than a 35 per cent increase, in exports.. We talk glibly of giving credits to foreign countries to increase our farm exports. I wish to say with all responsibility for the statement, that a billion dollars spent upon American railways will give more employment to our people, more advaneft to their industries nnrl mnVe
assistance to our farmers than twice
mat sum expended outside the fron
tiers or ine united states." secre
tary Hoover.
FAR
MER
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