OCR Text |
Show SLIDING SCALE BEET CONTRACTS 1 I he experience of the past season in the beet sugar industry has demonstrated strikingly the big advantage to the beet growers of the sliding scale contract, under which the grower was paid for his crop according to the selling price of hte sugar produced. At the level of sugar prices early in the year, when ontracts for beet acreage were written, the companies could not safely guarantee the rates per ton which they had paid the previous year and which had imposed heavy losses upon them. I he great bulk of the acreage was written, therefore, on the profit-sharing plan, by which the grower is guaranteed guaran-teed a certain minimum price and receives an additional dollar per ton for each cent a pound increase in the price of sugar. Many of the growers within the territory covered by the Gunnison Gun-nison Valley Sugar company took advantage of the profit-sharing contract with the result that they participated in two bonusus amounting amount-ing to $1.50, thereby receiving $6.50 for the beets as compared with $5.75, the flat rate. The local company, struggling against many adversities and endeavoring en-deavoring to establish the Centerfield factory on the highest plane I of production and treatment, has taken the initiative this year and are credited with being the first to sign the profit-sharing contract submitted by the State Farm Bureau Sugar Beet committee. The1 state committee, representing the beet growers of the state, deliberated deliberat-ed long and conservatively on the adoption of the $5.50 minimum rate and the 48-52 profit-sharing proposition. The decision, however, is met with the hearty approval of the beet growers and it is predicted that the tonnage this year will be sufficiently large to keep the state factories running a much longer period than they did last fall. It is now up to the beet growers to assist in maintaining the factories. fac-tories. Get the habit and plant every available patch of ground to sugar beets. When you do this you help yourself, the valley and the state. |