Announcement of sugar beet payments

Great Western Sugar

Denver, Colora<lo 80217 (303) 893-4600 October 24, 197L A suhsi<liary of (;reatWestern United Corporation

CONT,f.\CT: F. Tc,ylor Carlin

419/j32-2656

Fremont, Ohln .. .... October ~6, 1972 .. ... . Sugarbeet payments

reached recorc; 1 eve, s in lhe s£=ven-s ta te growing c, r~a of The Great Western Sug2r C0mpany, parent company of the Norther~

Ohio Sugar Co~cany, ~nnounccd George E. Ml lber, Jr., president.

He nctcd thr.it total cash re::urns to sugc:1rbeet gro,1/ers set a

67-ycar high of $104.6 million on October

25

was mailed to 5,000 growers in final payme~t for their 1971

crop. G,enl W.cst"::in Sugar's growing c:1rec:; includes Colorad0, Kansas, Nebraska, Montana, Wyoming, Chio and Pllchigan.

Sugarbeet ~r('v,/1.;1·s i:, O'-iio ond M!:higci?: received $1.19 more per

ton fo, their· 1971 crop than i.:hey received for their i970 cror

beets. Tot;:il p::i'/r.:ents to the Nort:1crn Ghio Sugar Compar.y growers for their 197} crop lncluda $9.2 million from the Ccmpany a~d $1 .5 mill lo:, financed by n f~deral tnx on the sugar industry

under the Sugar Ac~.

-mor~-Great Western Sugar

October 24, 1972 ... Fremont, Ohio

11_{0f the $8.4 mi 11 ion figure, $1.2 mi 1l ion was ·paid to approximately}

800 growers in the Northern Ohio Sugar Company area,11

said F. Taylor Carl in, district general manager. 11_{The growers in this district}

received a final average payment of $1

.75

11

Excelient prices for sugar and above average beet yields per acre contributed to the record payments," Wilber co11mented. He added that the 1972 crop now being harvested iooks good, and if sugar prices continue strong, next year could be another fine year for Great Western Sugar growers and the Company.