NEWS
Thu Sep 5, 2013 07:45 AM CDT

(Dow Jones) -- As the U.S. Department of Agriculture scrambles to boost sugar prices and keep processors from defaulting on government loans, one sugar company recently borrowed more.

The $71.2 million loan, made to American Crystal Sugar Co., a sugar-beet processor in Clay County, Minn., was reported on the USDA's website Tuesday. The loan represents 20% of the $355 million processors owe by the end of the month. The USDA said it would announce later this week whether any defaults occurred on $41.7 million in outstanding loans that were due at the end of August.

It is rare for sugar ...

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