Business

Sugar Co. Payments May Be Modern Record

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(credit: American Crystal Sugar Co.)

(credit: American Crystal Sugar Co.)

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MOORHEAD, Minn. (AP) – American Crystal Sugar Co. has told its farmer shareholders that this year’s sugar beet crop is projected to bring them average payments of $57 per ton.

Spokesman Jeff Schweitzer says that would be a modern record.

The Grand Forks Herald reports that the high payment would join a record yield this year of 26.3 tons per acre.

The projection could change. The final payment decisions for each crop are not made until the following fall.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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