Local

Low Sugar Prices Cut Into Crystal Sugar Farmer Payments

View Comments
(credit: American Crystal Sugar Co.)

(credit: American Crystal Sugar Co.)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Halloween Comes Early At Como Zoo’s ‘Zoo Boo’
  2. Local Cancer Survivor Medals In Invictus Games
  3. Survey: Franken Leads McFadden In Senate Race
  4. Tubby Smith Crashes Motorcycle Entrance
  5. Two Drown In Separate Incidents On Parley Lake

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.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,900 other followers