American Crystal Sugar Company President Tom Astrup says there were many bright spots this past year, including a better-than-expected crop at a yield of 28.7 tons per acre and 18 percent sugar content. “In 2019 as a co-op, farmers harvested 7.5 million tons and left one-third of the crop unharvested. In 2020, you harvested 10 million tons. In 2021, you harvested 11.8 million tons, the third largest crop in the cooperative’s history.” American Crystal’s final 2020 crop/fiscal year 2021 shareholder payment is $60.58 per ton, with total shareholder payments at $568.9 million. Estimated payments for the 2021 crop/2022 fiscal year is $60 per ton. Astrup says the lower sugar content for the 2021 crop contributes to a lower payment.
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