MOORHEAD (KFGO-AM) -- It looks like another tough year for shareholders of American Crystal Sugar.
In a blog posting by President and CEO Dave Berg, he says the crop is disappointing in both tonnage and sugar content.
He says the entire Red River Valley acreage will be down from last year and below the projection heading into the planting season. Berg says from a financial perspective, it will be another poor year for the member-owned cooperative.
Crystal has sugar beet processing plants in Moorhead, East Grand Forks, Crookston in Minnesota and Drayton and Hillsboro, North Dakota.