American Crystal Sugar Co. has come out with an initial payment projection of $37 per ton for 2014 crop beets — a dollar lower than last year’s projection at this date and likely a money-loser for farmers and shareholders, if realized.
The specter of minimal profits or losses from the 2013 sugar beet crop — on the tail of a phenomenally profitable crop in 2012 — has shareholders and growers of Minn-Dak Farmers Cooperative of Wahpeton, N.D., bracing for low or no profits for at least three years.
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