OCR Text |
Show Final Checks For Sugar Beets To Be Sent Out Soon Sugar beet growers of Salt Lake, Utah and Millard Counties will receive in the" next few days $113,400 as a final payment for beets grown in 1950, according to H. J. Sanders, district manager of the Utah-Idaho Sugar Company. Com-pany. Checks will be mailed Saturday Sat-urday of this week to 1125 growers of this area. This will bring total payments for the 1950 crop to $1,738,000 compared with $1,097,000 for the year previous. The final payment for this year js more than $80,000 greater than the final payment a year ago. Total payments for all beets grown for Utah-Idaho Sugar Co. and its wholly owned subsidiary, Gunnison Sugar Inc., in 1950 in seven mountain states was just short of approximately $17,000,000 compared with $12,334,997 the year previous. This year's greater returns to growers of this area are accounted account-ed for by higher average yields of sugar beets, larger acreage, higher average sugar content of the beets and higher market price of the sugar sold, Mr. Sanders explained. This year's settlement with Central and Southern Utah grow-' ers is made on the basis of a net return of $6.84 per hundred weight of refined sugar made from 1950 beets compared with a net return from 1949 beets of approximately $6.63 Mr. Sanders reported.. The sugar content of 1950 beets in this district is 16,617 per cent compared with 14.8 per cent the year previously. Final payment this year for sugar beets of this district was made at the rate of 90 cents per ton of beets compared with 34 cents per ton paid last year. Total payments for 1950's beets were at the rate of $13.69 per ton of beets compared with $12.31 for 1949. This year's total includes direct company payments of $11.-40 $11.-40 per ton and payments made by the government from funds collected col-lected from refiners and beet processors pro-cessors under the Sugar Act of 1948 of $2.29 a ton, compared with last year's direct company payment of $10.00 per ton and a processing tax payment of $2.31 per ton. "Prospects for the future of the beet sugar industry in Utah continue con-tinue bright," according to Mr. Sanders, with 1951 yields expected expec-ted to be higher than those of last year. "More than 75 per cent of this year's crop is being harvested har-vested mechanically this fall, and labor is plentiful. Growers generally gen-erally report that they expect to plant more sugar beets in 1952 than this year." The initial payment for ..beets grown in 1951 will be mailed Nov. 20 for all beets delivered up to Nov. 5, according to terms of the contract, Mr. Sanders reports. |