OCR Text |
Show Farsiiers Receive Offer Of $7 Per Ton For Sugar Beets A minimum price of $7 per ton and a 50 per cent participation in the profits, were guaranteed farmers for their 1929 sugar beets in a contract drawn up at a joint mooting of sugar manufacturers and directors of the Utah Sugar Beet Co-operative association, associ-ation, Saturday. The meeting was held at the Utah State Farm Bureau offices in Salt Lake City. Though the minimum price is not as high as the farmers hoped for it was all that could be justified at the present price of sugar and under the present conditions of the industry it was disclosed. In a prepared statement issued by the association it was pointed out that at present the price of sugar, net to the manuiacturer, is 54.40 a hund- red, while it would take beets with a 17.5 percent sugar content and a not price of $5.50 to justify the $7.50 minimum min-imum which, the growers at first requested. re-quested. If the price of sugar rises to $5.50 and the beets test 17.5 percent sugar, under the participating feature of the contract, the growers will receive $7.50 per ton regardless of the mini-' mum guarantee. |