OCR Text |
Show ly $1.00 per hundredweight higher than the 193S-40 average under price ceilings establishehd by the Office of Price Administration. Base rate for benefit payments was raised one-third, from 60 to SO per hundredweight, raw value, of the sugar made from the beets, when the Sugar Act of 1937 was extended in December for three more years. Beet sugar production in the United States during the past four years has averaged approximately j 1,758,000 tons, with an all-time record rec-ord production of 1,894,000 tons in 1940. These production figures j compare with an average of 1,435,-I 1,435,-I 000 tons from, the four crops prior i to the sugar quota and payment system started in 1934. o o Sugar Beet Outlook Is Best In Years It looks like sugar beet growers I in Franklin county face the most favorable income outlook in more than 20 years. The chairman of the AAA committee com-mittee estimates that beet growgrs throughout the United States are expected to average between $8.50 and $9.25 per ton of beets, the largest return since 1920. The estl. mate compares with a U. S. average aver-age price of $6.75 for the three years 1938 and 1940, and Included both processor and federal benefit payments. In Franklin county the average price paid for sugar beets for the last two years is $7.37. Distribution of sugar to wholesalers whole-salers and private and industrial consumers during 1941 jumped to 8,090,377 tons, raw value, compared with the 1940 distribution of 6,890,-792 6,890,-792 tons, raw yalue, the previously highest figure. Greater production of sugar beets is needed in 1942 because of the war-stimulated demand for use of sugar cane for industrial alcohol used in munitions, and shipment of sugar to our allies. War in the Pacific also has cut off some of the normal cane sugar supply, ana unusually large distribution of sugar su-gar in 1941 reduced the "ever-normal gTanary" of sugar by more than a million tons. Wholesale prices for refined sugar su-gar have been placed approximate- |