WAHPETON, N.D. (AP) -- Minn-Dak Farmers Cooperative growers will have a tough time making a profit on their 2013 sugar beet crop.
Co-op President and CEO Kurt Wickstrom says Minn-Dak's anticipated $40-per-ton payment for the 2013 crop is down sharply from the 2012 payment of about $75 a ton. He says that's largely the result of depressed domestic sugar prices caused by imports from Mexico.
The Forum reports Minn-Dak producers will receive about $100 million less than they did for the 2012 crop.
The other sugar beet co-op in the Red River Valley of eastern North Dakota and northwestern Minnesota is American Crystal Sugar. That co-op announced last week that it expects to pay growers about $38 per ton for the most recent crop, with total grower payments down more than $300 million.
All content © Copyright 2001 - 2014 WorldNow and KTTC, a Quincy station.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Jodi Neyens at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at email@example.com.