OCR Text |
Show Utah Poultry Association I Now Millionaire Concern Collectively speaking, Utah Poul-trymen Poul-trymen are now "millionaires", it is disclosed by the annual report of the Utah Poultry Producers' Co-operative Association, just released by Clyde C. Edmonds, general manager. The report shows that for the first time in the state association's 12 year's history, it will end the year with a net worth of more than $1,-000,000.00. $1,-000,000.00. This sum represents the member producers' collective equity in their cooperative organization. The net worth of the association is the amount its assets exceed liabilities. liabili-ties. It is made up of equipment, cash on hand, inventories and accounts ac-counts receivable, and is estimated to be 85 per cent liquid. This nt worth was accumulated from sur-' sur-' plus earning and from the cent a dozen scale-off on eggs handled by the Utah Association. The report also shows that the state poultry association did nearly $7,000,000 worth of business in 1933, despite the depression, subnormal buying and low prices. Most of this money was in new wealth brought into the state from other states and distributed among the association's 7,000 members throughout Utah and southern Idaho. The principal item of this business was in egg exports, which aggregated 500,000 cases or nearly 1,000 carloads and brought $3,500,000.00 gross or $2,800,000.00 net. The average net price per case was $5.60 during the' year. In 1932 a total of 600,000 cases of eggs were shipped to other states where they sold for a gross price of $4,200,000.00, thus netting the producers $3,500.-000.00 $3,500.-000.00 or an average of $5.70 per case. During the year just past 1,500,000 pounds of live and dressed poultry was also exported to other states where it brought $210,000.00 compared com-pared with about 750,000 pounds in 1932, making an increase this year of nearly 100 per cent,1 the report indicates. Feed also constituted a major item in the poultry cooperative's business in 1933 as shown by the report. re-port. During the current year 95,-000,000 95,-000,000 pounds of feed were distributed distri-buted among poultrymen for $1,200,-000.00, $1,200,-000.00, most of which sum was redistributed re-distributed within the state in the purchase of grains and other feed ingredients. Last year 109,500,000 pounds of feed were sold by the association for about $1,455,000.00. o |