Word: beetly
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...Ford Campaign Manager Howard ("Bo") Callaway for trying to influence Government policies to benefit a Colorado ski area owned by Callaway's family. This year Haskell sponsored legislation that would have set up a new Government agency to regulate imports of sweeteners, and thus benefit Colorado's sugar beet growers by, in effect, raising domestic sugar prices...
...past five years Pat has been expanding, and trying to beat the wild fluctuations in crop prices, in another way: bringing to the farm lands the concept known in industry as vertical integration. Like other growers, he resented having to take his beets for milling to the nearby American Crystal Sugar Co. plant. One reason: the company's officers, then based in Denver, insisted on shutting down the mills on weekends, even during harvest time when beets must be ground up quickly before they rot. Recalls Pat: "We were at the mercy of people a thousand miles away who just...
Benedict estimates that it costs $300 an acre to raise sugar beets. At an average yield of 15 tons an acre, and a depressed price this year of around $21 a ton, the typical beet grower will receive $315 an acre, producing a thin profit in view of the heavy investment required. But Benedict's mechanization and tight management enable him to grow 20 tons an acre, worth $420, enough to promise a worthwhile return...
...downtown Salt Lake City, 326,500 acres elsewhere, insurance companies with $383 million in assets, the Salt Lake newspaper, eleven radio stations and two TV stations, $36 million in Times-Mirror Co. shares (3% of the total company stock), and controlling interest in a department-store chain and a beet-sugar firm...
...price fluctuations set the stage for a bitter controversy that has raged in Washington for months. Senator Frank Church of Idaho has turned beet red and Senator Russell Long of Louisiana has raised cane in an attempt to boost Government price supports for sugar, now 13.5? per Ib., to 17?. They are opposed by the Carter Administration, which insists that a price floor higher than 14.4? per Ib. would be inflationary. Last week the battle turned ugly when makers of corn fructose (a sugar substitute) accused the Administration of withholding documents needed to prove their charge that Carter...