OCR Text |
Show SUGAR BEETS AND TARIFF Raising the tariff duty on Cuban sugar from $1.60 to $2 per hundred pounds is absolutely essential for the maintenance of the sugar beet industry indus-try In our country. American beet sugar cannot cofnpete with Cuban raw cane sugar and pay the farmer a living price for beets. The sugar beet crop is nearest to a quick cash asset of anything the farmer puts in the soil. 'Within thirty thir-ty days from the time he begins lifting lift-ing his beets a large part of them has been paid for, and within ninety days practically all the proceeds of the season's work are to his credit in the bank or have been used to liquidate liqui-date his outstanding obligations. When the farmer puts his beet seed into the ground he knows that, whatever what-ever his output, he will receive a certain minimum price per ton for it and that, while his financial return will vary with the yield and possibly to a certain extent witli the price of sugar, there is no possibility of the crop being left on his hands, or of It's being compelled to sacrifice it at a price far below the actual cost of production. |