Crystal Sugar CEO Says Shareholders To Lose MoneyThe head of American Crystal Sugar Co. says it's likely that most shareholders in the sugar beet cooperative will lose money this year.
Patrol: Chaska Man Dies After Head-On Crash On Highway 13A 71-year-old Chaska man died Tuesday after suffering injuries in a head-on collision on Highway 13 in the south metro. The State Patrol says the crash happened just after 4: 30 p.m. in Burnsville.
Low Sugar Prices Cut Into Crystal Sugar Farmer PaymentsLow 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."
Security Present At Crystal Sugar Annual Meeting Locked-out American Crystal Sugar Co. workers say they were surprised by the amount of security at the company's annual shareholder meeting, but Crystal's leader downplayed it.