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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Mar 12, 1920
Page
18
A company is being formed to improve milk marketing and reduce buying by weight. It will price by fat percentage and expects to cut surplus in Black Hawk County by 50 percent in year one and 100 percent in year two. Central stations will collect milk for a Waterloo factory with daily surplus around 30 000 pounds and projected first year business of 1 million dollars.
After interviews with county farmers the plan is deemed practical and beneficial to milk producers and investors. The company will be governed by fifteen directors elected by stockholders annually. At least ten directors will come from Black Hawk and Buchanan Counties with stock sales ensuring each locality can elect a director yearly. Three fourths of authorized stock must be owned and controlled by milk and cream producers for the institution.
The Waterloo Milk Products Company pledges sufficient capital to buy all regional milk, ensuring producers do not lose money on sales. It promises higher monthly payments than current markets, boosting dairy herd profits and land value while extending production. Stockholders need not sell unless they prefer higher returns from the company.
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