Show ACCEPT TERMS Utah Idaho beet growers and the sugar ugar refiners of the same section will seek their profits together during during during dur dur- ing 1932 under a straight participating ing lug contract that offers the farmers no guaranteed minimum price Both groups were in complete ac accord accord accord ac- ac cord on this plan at the Hotel Utah Friday night as the final session of ot ofa ofa ota a two vo weeks' weeks contract renewal conference conference con con- ference ended This his years year's accepted arrangement dependent entirely on sugar content sugar extraction and an unknown price for sugar gives the growers a 50 break with refiners Thus if the sugar extraction of tl this s years year's crop aver averages pounds per ton ton ton-a a fair average for some of the Utah and Idaho districts the districts the grower grow grow- er will receive as his share half hat of that average or 2 1371 2 1 pounds If 1932 sugar moves at 4 cents per pound the growers' growers return will be approximately per ton If the sugar brings 6 cents the growers' growers return will be around per tonIt tonIt ton It uIt is the most equitable participating ing contract we have ever been able to 10 work out J. J W W. Gillman president president dent of the Utah Sugar Beet Cooperative Cooperative Cooperative Cooper Cooper- association declared at the end of the session Friday George D. D Cobbley resident president president o of the Idaho Beet Growers association concurred in the statement The contract agreement now ac acceptable acceptable acceptable ac- ac stipulates that the first payment payment payment pay pay- ment November 20 will be made to the growers at 90 per cent of ot the October October October Oc Oc- tober price for sugar the refiners withholding the other 10 per cent to guard themselves against an unexpected unexpected unexpected downward dO trend in sugar The second payment will be made December 15 and subsequent payments payments payments pay pay- ments wi wUl 1 come quarterly until October October October Oc Oc- Oc- Oc tober of 1933 The return to the growers thus will depend on the average price of ot sugar throughout the year |