Fargo, ND (American Crystal News Release) – American Crystal Sugar Company held its annual shareholders meeting in Fargo, ND, celebrating another record sugarbeet crop, while acknowledging significant market challenges. Thursday, shareholders reviewed crop and financial results from the 2024 crop year (2025 fiscal year ended August 31), discussed the cooperative’s performance in fiscal year 2025, and shared market conditions impacting the forecasted results for fiscal year 2026.

The 2024 sugarbeet crop yielded 32.2 tons per acre, and growers harvested a total of 13.2
million tons. Sugar content was above average at 18.5 percent. The increased sugar content,
good beet storage and processing results, and a favorable sugar market resulted in a net
payment per ton of $78.00.

Crop production in 2025 was unequaled, with a total of 13.3 million tons of sugarbeets
harvested this fall. Although this is a new record for harvested tons and a fair sugar content of
18.0 percent, declining world sugar prices and excessive imports are making for a very
challenging sugar market, bringing the forecasted net payment per ton down to $43.85.