American Crystal Sugar Company President Tom Astrup says the breakdown of this WHIP+ program for sugarbeet cooperatives is different. “The traditional disaster program was designed for a farm level claim. With the cooperatives, especially all of the sugarbeet cooperatives across the country, the company is an extension of the farm. This really became a cooperative level claim that had to be worked out.” Astrup says the monies will be divided by each cooperative. At this time, it is unknown what that exact breakdown looks like between the three local cooperatives. “There’s 2018 and 2019 losses. For American Crystal, our loss was in 2019. There will be a breakdown of that money for each cooperatives for each year. Then, we’ll have to figure out how that gets distributed to shareholders on a fair basis.”
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