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Wisconsin bankers' farm bulletin
(1913-1919)

Baker, Raymond
Wisconsin bankers' farm bulletin. Bulletin 38: how to borrow money to buy cattle PDF (1.0 MB)



WORK WITH     A Macoupin county, Illinois, banker thinks it advisable to
en-
THE BOYS       courage the young people. He comes to Wisconsin, buys bred
               heifers and sells them to farmer boys and girls, taking their
notes,
which their fathers sign, for security. These notes run ten months and draw
six
per cent. He plans to hold a public sale at the end of a year, at which every
boy
can sell his heifer if he so desires. The bank will take out the amount it
has
coming and give the balance to the boy or girl for caring for the heifer,
or the
boy may keep the heifer as a start in the dairy business.
BULL CLUBS In some sections the problem of securing good sires is a serious
                one. Often bull clubs are formed by the farmers themselves,
who
combine their purchasing power to get the services of good sires co-operatively.
In other communities, bankers, merchants and creamery owners furnish funds
on long time notes, making very satisfactory arrangements for their payment
at the end of a two year period. A system of leasing sires whereby a part
of the
money received from each farmer for service fees is used to pay the cost
of bulls.
is in use in several Wisconsin communities.
GET TOGETHER The plans described here have all worked out. They are
                    practical. There are undoubtedly many other successful
ones.
 If your community could be benefited by a similar plan, start it yourself.
Don't
 wait for the business men to make the first step. Live stock raising is
the biggest
 business in Wisconsin. Many country bankers realize it and they will meet
you
 half way for they see the importance of profit producing farm animals in
the
 proper development of their communities.
   "A healthy condition of the live stock industry is of greater impor-
tance to this nation than the building of the Panama Canal; more
valuable to the banking interests than all the gold mined in the western
hemisphere; more intimately connected with the well-being of our people
than any other industry in this broad land."-John C. Fletcher, Fort
Dearborn National Bank, Chicago
   A few suggestions about buying:
   1. In buying a bull. get as good a one as you can afford. The sire, if
a good
pure bred, is more than half the herd.
    2. If possible, buy from a breeder whom you know.
    3. Be sure you get stock from disease-free herds.
    4. Do not expect to buy good cows cheap. The poorest cows are those that
are for sale in most herds
    5. Your best investment is to get heifers which have not freshened but
which
have been bred to a registered sire of the same breed.
    6. Buy as near home as possible. You save expenses, and If animals are
not
satisfactory your chances for redress are much better.
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