Show re 1 1 1 THE EBS his NEW bosmon by WALTR WALTER W HEAD first vice president american bankers association the tha farmer today Is more than a tiller uller of the soil ile he Is a business man ila raising ang crops Is only a part of his bis business it if he ha Is a real up to date P twentieth century farmer problems ot of marketing dis tribu jl iw tion and financing ng I 1 aro are qually imbor 1 ifa 0 A tant the complexity of I 1 M cur modern eco organization walter waler W head makes tt it necessary tor for the tanner farmer to understand and assist in solving these problems if he is to succeed in this new role as a business man the farmer steadily lias has advanced to a better position there was a time when tile the farmer was dependent wholly upon private marketing agencies whose lu interest terest was not always identical with his own whose greed tor for profits sometimes out matched consideration ol of the tanners farmers need today there are many great operative cooperative co marketing organizations that handle a large part of 0 the tanners crop and win tor for him more liberal treatment from the private agencies which still handle the bulk of his production today the farmer also has his own onn operative cooperative co agencies of 0 credit it not satisfied with the terms upon which his local capitalist Is willing to ad vanco money upon a land mortgage the farmer can go directly to the federal land dank bank which by reason ot of tax exemption and other advant advantages agea incidental to its governmental character can loan money at a rock bot tom rate ot of interest in addition the federal government has established another group croup ot of banks which permit the local bankers by rediscount privileges to extend the thearter th earmer barmer credit tor for his current operations aills on a more favorable lavo rable basis than ar before it he ha thinks leip ly p local ly 4 jt Is not euln clentry responsive to 1 eed this same legislation enables him to loin join with other tanners farmers in a operative cooperative co marketing asso association clatiOn and arrange tor for credit direct fia troi the government banks new credit facilities for years it has been the farmers complaint with considerable u ill 11 cation that he be alone of 0 all producers has been forced to market his bis crop on the buyers terms because of 0 his inability to use his products in swage as a basis lor for credit today the agricultural credits act authorizes authorises autho rises the acceptance of 0 warehouse receipts on perishable nonperishable non agricultural Dro produces ducs as collateral for loans the same as in the case ot of sugar or other commodities ot of commerce these developments have rel relieved level the farmer from rom what seemed to be persecution by shortsighted short sighted tightfisted grasping grain dealers landlords and bailers tor for there were some borne bankers who were guilty ot of very thing who thought ot of the farmer principally as a weak and ignaut igloi ant opponent in a came whose only stake was the collection ot of a high rate ot of interest the farmers suspicion ot of the banker arose because of misunderstanding because he judged bankers as a class by the derelictions derelict ions of a few ew today with these sources of govern ment controlled credit available at his call the farmer cannot charge or even suspect that the bankers are conspiring to do him harm As the real farmer has taken advantage of these opportunities he has made himself a business man like other successful business men he la Is equipped with credit to finance his operations he Is able to make use of laborsaving labor saving machinery he Is able to barter with buyers of his products as their equal |