News

Sugar payments down in 2013

Sugar payments down in 2013 Click to Enlarge Photo: American Crystal, crystalsugar.com

Nov 5, 2013 at 4:40 am

MOORHEAD, Minn. (AP) — Low sugar prices are cutting into payments to farmers at American Crystal Sugar Co.

The Moorhead-based cooperative is telling its growers to expect a "massive reduction" in payments for this year's beet crop.

In a company blog, American Crystal CEO David Berg says growers will be paid just $38 per ton. Last year, Crystal's farmers were paid more than $68 per ton.

KFGO-AM reports Berg says most of Crystal's growers will lose money, and in many cases, "they will lose a lot of money."

The company says the reduced payments are mainly due to lower sugar prices, but also reflect much lower sugar content in this year's crop.

Mike Tanner

Posted By Mike Tanner

News Director

Mike Tanner's Profile

Leave a Comment

Current Weather

For Central Minnesota

Temp: 81°F (27°C)

Dewpoint: 58

Wind: 5 NW

Weather: Clear

Full Forecast | Live Radar

Community Calendar