Beet farmers face massive drop in payment for sugar beetsBeet farmers will be facing a massive drop in payment for their 2013 crop. This news comes after a summer with less than ideal farming conditions.
By: Michael Yoshida, WDAZ
Beet farmers will be facing a massive drop in payment for their 2013 crop. This news comes after a summer with less than ideal farming conditions.
American Crystal sugar beet growers and employees received notice this week that there will be a drop in payment for sugar beets. American Crystal Sugar is currently forecasting that payments for the 2013 crop year will be 38 dollars per ton of beets. This is a drastic drop compared to the 68 dollars per ton paid for the 2012 crop.
Representatives for American Crystal say the drop is a result of saturation in the sugar market as well as lower sugar content in this years crop.
Crops were impacted by various weather conditions throughout the spring and summer. WDAZ spoke to a farmer last week who said he thought the prices were going to be lower.
Sugar Beet Farmer Robert Drees said, "American Crystal has warned us that the prices for the crop we are harvesting will be significantly less than last year's crop."
Throughout this week American Crystal representatives will be taking part in regular fall district meetings with employees and growers of sugar beets.