According to Larry Steward, president and CEO of Rocky Mountain Sugar Growers Cooperative, the total number of acres committed in the six-state coverage is about 40,000 aces less than the initial targeted amount of 172,000 acres. Although he did not have the exact figure available at press time, he did say Wyoming and Montana are the closest to meeting their acreage goals, while Colorado and Nebraska are lagging.

The growers in Wyoming and Montana are getting real close, Steward said. At this point it looks like we need the most acres in Colorado and Nebraska. Steward added that planting is still not completed in all areas, so final figures are not yet available.

As for the negotiations, Steward said Tate & Lyle has been very supportive and open. Talks between the two groups are now taking place via phone. Cooperative attorney, Randy Wilson, was already active on Wednesday in negotiation.

In consideration of the lagging acreages, both companies are now working with each other for the best solution. We are now working to agree on a purchase price that will be most beneficial and fair to both companies, Steward said.

The initial price of six-state sugar beet processing facilities was $78 million.

Steward indicated the biggest problem now may be negotiating a purchase price before the targeting closing date of June 29. It doesnt leave us much time, Steward said. But everyone is working as hard as they can get this deal through.

The continued support of the growers is extremely important. Once current negotiations are concluded, all growers will be advised concerning the new purchase arrangements.