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Show Gunnison Sugar Company Announces Terms of 1938 Beet Contract BEET ASSOCIATION AND SUGAR COMPANIES REACH AGREEMENT ON TERMS FOR 1938 CONTRACT ON A 50-50 BASIS SETTLEMENT Following meetings held the last few days at the offices offi-ces of the stats farm bureau comes announcement that the Utah state beet association and sugar manufacturers of this state have successfully terminated negotiations over terms of the 1938 boot contract. Beet association representatives from all areas in the state where sugar beets are produced, decided their interest would be best served by demanding a fifty-fifty basis of settlement, the same as used in Iho Gulinison Sugar company's territory during 19"C md 1937. This form of contract, while not readily acceptable by all sugar companies, finally gained their approval. It specifies a fifty-fifty division of the net pr"ce ds received from all sugar mialnufa.ctured and molasses j reduced. re-duced. Such a, basis of settlement has been sought by Utah beet growers for many years, but not until VX)C was it accepted in principle, or otherwise. The Gunni son Sugar Company was the first to meet the require-j ments of such a. contract in 1936 and in 1937, and very readily did so for 193S. Following its approval last Monday by all sugar manufacturers of the state, beet association officials, as i well as processors, expressed the belief and hope that such a favorable contract plus the government soil con-1 sorvation act and sugar act benefit payments, will make the price per ton sufliciently attractive to stimulate the signing of beet acreage so that Utah's quota of sugar allotments shall be maintained. And this can be done only by each factory district getting a full aereag'-. Locally, soil conditions, coupled with the favorable outlook for irrigation water, makes prospects in the Sanpete and Sevier valleys, served by the Gunnison Sugar company, exceedingly bright. Officials of lhat company express the hope that 10,000 aere of beets will be signed within the next two weeks. This volume, under un-der normal growinLr conditions, will insure a capacity run and circulate hundreds of thousands of dollars throughout the two counties, for raw material, supplies and labor, say nothing about the value of the by-products for stock feed. Gunnison Valley News, |