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Sugar Prices

(credit: American Crystal Sugar Co.)

Low Sugar Prices Cut Into Crystal Sugar Farmer Payments

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.”

11/04/2013

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