Show BUSINESS BUSINESS' PITFALLS ALS IN fARM DISTRICTS Bankers Point Out Hazards of Unsound Practices and Help Farmers to Avoid Them AYS lAYS AYS in la in which bankers may discourage ago age unsound farm practices are described described de de- scribed by President F. F D. D Farrell atthe of at the Kansas State Agricultural College Collego in the American Bankers Association Journal He says In Kansas In connection with the Importation of at dairy cattle a n large shipment of very inferior interIor animals came camo into a county to be sold at au auction tion to to local farmers Tho The county agricultural al agent informed the bankers that the cattle would be a detriment to the community The Tho bankers ers refused to finance the hc purchase of the cattle cattle and the tho salo sale was abandoned abandon d. d The cattle were were shipped to another county The rhe county agent and the bankers there did as was done in the first instance instance and the second county escaped A UA year rear ago creamery promoters began began be be- gan trying try to capitalize the Kansas farmers' farmers desire to improve his markets by inducing communities of farmers to purchase creamery plants before production lon and local conditions justified justi justi- fied fled them Informed of at this by the State Agricultural College the bankers bank ban Ie ers era association sent warnings to every bank in iu the state leading many to refuse re refuse refuse re re- fuse to support the creamery promoters ers era until the tho college approved the plant for the community concerned This saved many communities loss from the premature establishment of at plants A third way bankers can discourage unsound practices Is to refuse to finance finance fin fin- ance ante farmers who wish to pyramid their enterprises a n temptation difficult to re re- re- re slat This is illustrated among farmers farmers farmers farm farm- ers who buy cattle for feeding pur pur- poses A farmer feeds two or three cars of ot cattle one year and makes a a. a good profit profi This Induces him to buy twice or three times as many the secand second second sec sec- ond and year still more the third and so soon soon soon on until he finally loses more by having having too many cattle on feed In a n year ear of at bad prices than h he ho made in several previous years with smaller numbers and better prices When bankers discourage discourage dis dis- courage bad practices their action Is a positive benefit to the farmers con con- |