OCR Text |
Show SUGAR BEET CONTRACTS APPROVED SALT LAKE CITY, Utah, March 5 (U.R) Sugar beet growers and manufacturers of Utah and Idaho were, in effect, partners today. Two weeks of negotiations have closed with a cut and dried participating contract whereby farmer and manufacturer split the profits or, perhaps the losses on a 50-50 basis. In its simplest form, the new 1932-33 contract provides that .50 per cent of the gross return the manufacturers receive in marketing market-ing sugar goes to the farmer. The remaining 50 per cent, of course, is retained by the manufacturer. Based On Sug-ar Price If sugar sells for 4 cents a : pound, and if 275 pounds of sugar i were extracted from one ton of beets, the farmer will receive $5.50 per ton; if six cents a pound, his return will be $8.20 per ton. |