Michigan Farm Bureau Centennial | Wool Pool
Michigan Farm Bureau centennial site celebrating 100 years of Michigan Farm Bureau.
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Wool Pool

Among the Michigan State Farm Bureau’s earliest ventures was the Wool Pool, a cooperative service meant to garner better prices for the commodity, the value of which plummeted when the U.S. government dumped its surplus wool on the market after World War I. Early membership solicitors enticed hundreds of new members by promising higher prices for the devalued raw product—prices that wouldn’t rebound for many years. It was a shaky start for the young Farm Bureau, which learned a tough lesson in promising more than it could deliver.

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