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Announcement regarding 1972 sugar beet crop and 1973 payments

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(1)

Great Western Sugar

Comp=y P. 0. Box 5308, Terminal Annex

Denver, ColoraJo 80217 (303) 893-4600

/\p, i

1 11, !

5

/3

1i=t r · h~ K.. i:vctns

303/H93--i~7t

111 (Dct;') ':,031:,77-321,') (!'light) A subsidiary of GreatWestern United Corporation

~.

(,.. • , 1 •• ,:, per tcr. 01: ,l)..p r i 1 ,.,r Lv, .

This ·,..;i 11 noke '!:he. ~ro,,2.rs I rcturr. $1.

7l

lf'·)/e pt•· t.c,r, fo1· tn::! i r

i hE' (8 yea: :) l::; tor~, of the Cx:~r,!1';'.

the ,..

..

~ .... . .JlA~ ct t : s f i ilc• r,ct:J by a the s~g::!( ind1..:s:;\/·

l

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(2)

Page 2

Denver

4/11

/73

Final payment for the 1972 crop will be made next October since

under the terms of the beet purchase ~greemcnt, the grower's total

return for his crop is tied to thP net price to be received by the

Company from the sale of sugar in the marketing year to end

September

30,

1973.

"If current rrarket trends continue anc given r,ormal sugar content,

average gross returns to growers should be excellent," saicJ the G\..'S

President. "Including the Northern Ohio Sugar Coinpc:ny end G\•/5

factories in five Western states, to date we have contracted

approximately

304,000

acres of sugarbects c1.1ci sti 1 l nee~

37,000

more 3cres for optimum factory operations. Contracting is in

progress c;nd the Company hc..pes to pi ck up the needed ac:·eage, 11

Wilber said.

References

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