| Show GENCY FOR SON M coo PIN is NOW FORMED farmers national grain corporation is now in legal existence with the filing of articles of incorporation at wilmington delaware the farmers national grain corporation po ration a central marketing agency for the grain cooperatives of the united states came into legal existence with headquarters in chicago this is the first national commodity cooperative sales association to be I 1 set up under the guidance guida nee of the federal farm board similar organizations for the wool and mohair and livestock cooperatives are in the process of formation and will be completed at an early carly late date 0 organization of the cooperatives handling 1 abid other commodities on national or regional lines dependent de t upon the particular commodity is being fostered by the farm board in the hope that they too will vill put themselves in position to take full advantage of the provisions of the agricultural marketing act the farmers national grain corporation po ration is organized on a strictly cooperative basis which will vill make use to the greatest extent possible of all existing farmer owned grain gra in i marketing facilities the organization will have adequate capital and if given the support of existing farmer owned grain marketing associations ciati ons will handle annually a volume considerably in excess of bushels of grain general and active management of the corporation po ration will be in the hands of a general manager who the bylaws by laws provide shall be a person acceptable to the said federal farm board this corporation provides a medium through which the federal farm board may make loans to cooperative grain marketing associations both for current marketing purposes and for the acquirement of physical facilities such an organization if properly managed and properly supported by the farmer owned grain marketing associations should not only reduce local and terminal marketing costs ad ald eliminate much waste in marketing but also should exert a strong influence toward greater market price stabilization |
