It is estimated that the farmers’ elevators of Iowa handled $25,000,000 of supplies at retail in 1927-28, at least 50 percent of which was sold on credit. The amount of receivables carried on the books per company was $11,240. On this basis, the amount carried by 500 companies would be $5,620,000.

Receivables represent about one-fourth of the annual sideline sales. They ranged from 2 to 95 percent of annual retail sales. The percentage was between 10 and 30 for over half the companies.