The forecasted sugarbeet payment for the 2018 American Crystal Sugar Company crop is $48 per ton with a $4 unit retain. ACSC President and CEO Tom Astrup said it’s a lower payment because of many little reasons and two big reasons: fewer harvested acres and lower forecasted sugar recovery. “I hope that ends up being conservative, but until we really get the cold weather needed to hold and process them into early May, we just assume sugar recovery will be less than last year,” Astrup said. “We’re also a little concerned about what the sugarbeets went through with the very cold temperatures during harvest. The crop needs to heal so it can store successfully.” Astrup told stakeholders this wasn’t a record crop at 28.9 tons per acre, but at the end of the day, it was close to what was expected.
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