ACSC Beet Share Values Down From Recent Past

A year ago, the average value for American Crystal Sugar Company stock was $5,540 per share. “If we look at this year, there was certainly a disappointing (ACSC beet) payment; to top that off, we had a long, drawn-out harvest and I think, in general, there’s a lot of guys trying to figure out what to do for next year,” said Acres and Shares President Jayson Menke. “So at this point, we’ve had a total of three sales right around $4,200/$4,250 per share; there certainly seems to be a gap between where buyers and sellers are. We just really haven’t found a groove yet.” Buyers and sellers remain far apart, but in a thinly-traded market, Menke says that could change quickly.