File:Illinois Agricultural Association record (microform) (January 1931- December 1934) (16487491399).jpg

Title: Illinois Agricultural Association record (microform)
Identifier: 5060538.1931-1934
Year: 1931- December 1934 January 1931- December 1934 (Jan0s)
Authors: Illinois Agricultural Association; Illinois Agricultural Association. Record
Subjects: Agriculture
Publisher: Mendota, Ill. : The Association
Contributing Library: University of Illinois Urbana-Champaign
Digitizing Sponsor: University of Illinois Urbana-Champaign

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AL ASSOCIATION RECORD PACE SEVEN t\U I ■\i: thi ;)i( sc- f- rii ■ \m *- To 1 I'e va 26 pr. lined an* «n( Tl- pr. ceil Ian to ' mil Un ittees have year CtlonB n C. I, for n hU rir th.> ass imi red of 80 val made le big >perty ut. in II tax ass nil 40 to ; uo.« I antial on city for and Com- yen lown- rati illow- tun i9:n seF if the rat pe claaaes of locally assossoil Iperty, ox('«>pt such property a»- ped HKainst railroads: Net DtHTfHsc xn .'.ssessed \'aliiulloii.s of l>ro;K>rly l»:tt-ovpiiipiitH ... $45:i,28l,:tl3 til HIIti flly lolM UIKl ;npf4»vciiipntM 202.1»:!.«1N iiunal i»ro;ierO IH6,I';7,»«» Jvpiage reductions in aBscK.")*! jations from 1930 to 1033 w.re U per cent on lands and ini- ienien(>', 17.SG per cont on town city lots and improvements. 3LM7 per cent on perBonal k>erty. The Iobh of 40.66 i>er of estimated values of farm Is and improvements from 1 !•:)(> p33 com;)uted in the index ibers of values slvon by tho led States Department of .Ar- jltiire, may be compared with 1 reduction of :.'6.84 per cent in Issod valuations of all lands and Irovements. It seems clear that lictions in assessed valuations )finds and improvements lafinpd Tar behind the loss in actual les, that the avernce basis o;' Issment oi' rural real estate in lois had increased from a'mut i Ur cent of actual values In lO'to Ibout 50 per cent of actual val- ;in 1933. the Inck of any inlormation ;otal actual values of town and lots, including improvements, of personal property In any it is not possible to compute t)R of assessed valuations to ac- J values for olthor of these clas- ;of property. Such assessment 1>« can be computed only by compiling a fair volume of sam- pies of such properties, either lots or personal, taken at random, the total assessed vahiatlons of which can be compared with the total amounts in cash voluntarily paid for the same properties. The same method can also be used in com- putiuK the average ratio of asaess- inents to cash values of lands. In 1933 substantial reductions in assessed valuations of lands were made in the following coimtiA: IVrcenlatre Of Dei-rraM' In Valua- tions ul J,«auc)s, 1»32 tn 19»a. IVri'ciilage Coiiiitir of l)eof€'asP Kdgar ...........' 24.98 1 unihorlMiid 20.92 .Macoupin 20.65 I»lHtt 20.14 Mni'shall 20.02 Ford . .. . k 20.01 Sliriby 20.01 Mclx'aii 19:94 Morgan 19.72 Kankakee 19.55 Crawford 15.56 ANNOAL REPORT S OF Some idea of the extent to which farmer-owned and controlled or- sanizations are carving: a niche for themselves in the business of the state can be gained from the reports submitted by each com- pany upon the close of last year's business. Sponsored and directed to a large extent by the Illinois .\ g r icultural Association, these Wot'idVord .■;.'.'.'!;;!.!.■.■.■.■. ,\vo6l'f>'"P«"' 01 "'**' *^^* ^^^^ farmers forced by \Vlnneha«o ' .".' \ \ '. '. .' .* .*.' ".'."." . 1 l.»4 ^iTumstances to organize their M«i)o„ouKl. H.8» !'"" ♦"" '^'P.«se« have done a job Coles ' 10 48 '*" shame many similar Mercer .. . . . . *.'. ..!..!!!!! lo!4; k^""P>'sea functionine for private Ktepheii.'.on ...'.'...'.'.'.'.'.'.'.. lo!o61 S^'" Honders-on 10.00 i Probably not so well known but ' exti emely important to the proper conduct of farmer-owned business- l-<'e 9.93 Kle 9.89 (irundy 9.84 Jo DavlesN 9.56 Wlilteslde 8.32 Carroll 7.65 Williiuii.^on 6.93 J««rfcrH«»n 5.09 Saline county Is the only county repoiting a large increase In as- sessed valuations of lands. The in- crease over the assessed valua- tions* of lands in 11)32 appears to bo 10.96 per cent. ea is th« Illinois Agricultural Aud* Iting Association. Tliis company completed 34 0 audits for its mem- bers during 1933. which was a gain in membership of 17 over 1912. Karmeis Mutual Ite-insuranco Company increased the amount of insurance In each of its clastlf^ cations' to $38,000,000 of fire, hail, tornado, and li^^htning inaurance in force, an Increase of *$10,400.- 000 over 193:'. Only eight .\ears old. Farmers .Mutual, in offering protection at cost, ju.stifies great- er expansion of its serviees during the present year. From an humble beginning sev- en years ago, Illinois Farm Sup- ply (■ompan>' has grown to bo th» laiKCst purchasing organization of petroleum products serving farm- er-owned and operated companies in the United States. During 1933, Ful■n^ .'Supply handled 40,000,000 gallons of petroleum products, re- ceived its largest net income of $1L'8.L'87. and returned a ijatrouage refund to Its affiliated companieai of $100,000. Since its founding it has returned to its owners and patrons in the form of ;)atronaKe dividends approximately $350,000. The succe.«8 of these various f a r m p r-owned companies has drawn the attention of leaders and business men in all walks of life. Kxcept where selfish motives prompt adverse criticism, peopl* in the towns and cities are ap- plauding farnitrs for their .spirit, determination and aucecss in help- ing themselves through group ac- tion.
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,Y ORGANIZATION CAN VE THE PROBLEMS OF

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