OCR Text |
Show FARMERS' PROFITS SAFE Millions of dollars went glimmering glimmer-ing before the eyes of western sugar beet growers last week, when the price of sugar dropped below 11 cents a pound at New York. The, 1 drop in price means that the growers will not receive a bonus in addition to the guaranteed flat price per ton for their beets stipulated in their conracts, unless of course, the market mar-ket rallies later. A bonus of $1 a ton was to be paid for each cent by which the price of sugar exceeded exceed-ed 11 cents, seaboard basis, during November, December and January. Present unusual conditions illustrate illus-trate the advantage to the farmer of a guaranteed beet price. Last year conditions illustrate the advantage to a farmer of a guaranteed guarante-ed beet price. Last year conditions were running wild and the agitators tried to get farmers to refuse to sign contracts except at fabulous prices. Talk was started for factories to be built by the farmers, etc., etc. Where would the farmer have been tjday If thoy had followed such advice they would have been "busted". "bust-ed". Instead they now have a high contract price with certain profits guaranteed. When prices idrop and some one has to foot the bills, the agitators disappear. |