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 ...

Quick View
  • Dr. Dan Talks Agronomy DTN Contributing Agronomist Dan Davidson gives his take on the Six Secrets of Soybean Success pro...
  • Mountain Top Prices North Carolina's mountain cattle producers have always been an independent bunch. But a new allia...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Saving Our Forgotten Harvest About 40% of America's food goes uneaten each year. This nonprofit is working to remedy that prob...
  • Look Beyond Yield Soybean industry increases efforts to promote the importance of oil and protein content to farmer...
  • Ask the Vet Is this fly-control mineral block safe for my whole herd?
Related News Stories
DTN Daily Ethanol Comments
DTN Daily Ethanol Comments
DTN Daily Ethanol Comments
Ethanol Blog
DTN Daily Ethanol Comments
Cellulosic Fuels Move On
Ethanol Blog
DTN Daily Ethanol Comments
Ethanol Blog
Ethanol Blog