Wisconsin Dairymen's Association / Forty-first annual report of the Wisconsin Dairymen's Association : held at Ashland, Wis., December 10, 11 and 12, 1912. Report of the proceedings, annual address of the president, and interesting essays and discussions relating to the dairy interests
Sanborn, A. W.
Co-operation among farmers, pp. 95-101 PDF (1.6 MB)
0Forty-first Annw.2 Report of the 100 cows would receive only one-tenth of the profit that Smith would with $1,000 of stock and only ten cows. This is not fair but it took many years of bitter experience to learn this one lesson. Many sooieties failed by making this fatal mistake. That $2,000 should be divided as follows: First, pay a fair rate of interest on the money invested by the stockholders, say 6%, which on $10,000 would be $600. This would leave $1400 to be divided among the members according to the value of the cream furnished by each, and of this $1400, Jones with 100 cows would get 10 times as much as Smith with 10 cows. Fourth: Simple, plain, accurate accounts open to all at all times, with prompt, clear statements of each consignment or at short intervals' and prompt cash settlements at regular stated intervals. Books should be, audited at regular periods. Fifth: Capable management. Here is where the farmer is liable to fall down. He has not been educated to pay the price which commands the best ability in any line. For example, one butter maker may be very dear at fifty dollars a month, while another is cheap at a hundred dollars. You may lose money by employing a salesman at $1000 a year, and a man at $2000 a year may earn large profits for the society. You must have .good capable men and in order to secure such it is necessary to -pay what others are willing to pay for equal ability and re- .sponsibility. Uusally officers and directors are paid no sal- -aries in cooperative societies. In Wisconsin we have one very successful cooperative s ciety organized strictly upon the principles here presented. The Wisconsin Cranberry Sales Company is a cooperative so- ciety organized seven years ago with headquarters at Grand Rapids, Wisconsin, for the purpose of grading, sorting and marketing the cranberries raised by its members. This so- ciety united with the New England Cranberry Sales Company :and 'New Jersey Cranberry Sales Company and formed the American Cranberry Company, with a capital of $9000 and managed by 9 directors, 4 selected by the New England Com- pany, 3 by the New Jersey Company and 2 by the Wisconsin Company. ARl sales business is handled through the Central Exchange which remits 80 per cent of sales to local company, balance 20 per cent is kept until the end of the season when it is properly divided after deducting expenses and placing a 100
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