| Show BUSINESS PITFALLS IN FARM I 1 bankers printout point Poin tOut out Hazard unsound practices and help farmers to avoid them A S in which bankers may W WAYS ago ago unsound farm practices are ai e de ie ascribed scribed by president F D farrell fairell of I 1 the he kansas state imitate agricultural college follega Jol lega in the american a Daul bankers cors association borna J journal 1 iio says i in kansas in conn connection atlon with tho the importation ot of dairy cattle a lar larga 16 of oe very ery int eilor animals andio canio into a county to be sold at auction to local ocal fa farmers imeri the county agriculture al agent informed the hankers bankers that the cattle would lie be a detriment to the community the bankers refused to finance tile the purchase of the cattle and tile the was abandoned the cattle were shipped to another county the county agent and the bankers there did a as casdone was done la in the first In instance stanco the and tho second county escaped A year ago creamery promoters bogan boban trying to capitalize tha Kansas farmers desire to improve his markets by inducing communities of 0 farmers to purchase pui chase cie creamery amery plants before production and local conditions justified them informed of this by tho state agricultural college the bankers association sent warnings to every bank la Is the stati state loading leading many to refuse to support the creamery promoters rs until the college approved the plant for tho the community concerned this saved many communities loss from the premature establishment of plants A third way v ay bankers can discourage unsound practices practIce 3 Is to refuse to fin ance farmers who wish to pyramid their enterprises a temptation difficult to il resist this Is illustrated among farmers who ho buy cattle tor for feeding purposes A farmer feeds two or three cars cais of 0 cattle one ona year and makes a good profit this induces him to buy twice or three times as many the second year stillmore still more the third and so on until he ha finally loses moro more by leaving lla having ving too many cattle ori on teed feed in a year 0 ot Z bid bad prices than he made in several pi previous evious years with smaller numbers and better prices when bankers discourage bad practices their action Is a positive benefit to ta the farmers concerned |
