Farms.com Home   Ag Industry News

Rogers Sugar extends grower contract

Rogers Sugar extends grower contract

The sugar beet processing facility in Taber, Alta. is the only one in Canada

By Diego Flammini
Staff Writer
Farms.com

A partnership between Alberta farmers and a local processing facility will continue for three more years.

Rogers Sugar announced a contract extension with the Alberta Sugar Beet Growers (ASBG) on Apr. 20.

The company’s facility in Taber, Alta. is the only sugar beet processing facility in Canada, which highlights the importance of the agreement, said Melody Garner-Skiba, executive director of ASBG.



 

“There is no other option for processing sugar beets in Canada, and it has to be a win-win because we’re partners in this industry,” she told Farms.com today. “With this renewed agreement our farmers and Rogers Sugar have stability in the industry, so they can make the necessary investments into their respective operations.”

The extended partnership also gives Alberta growers more options for their crop rotations.

Producers averaged 28.51 tonnes of sugar beets per acre and received $52.69 per tonne in 2014, Alberta Agriculture and Forestry reported. Producers grossed about $1,502 per acre of sugar beets that year.

Removing those potential revenues would hurt the ag industry, Garner-Skiba said.

Farmers have “been growing sugar beets in Alberta since the early 1900s and this crop has been a foundational crop for many of the multi-generational farms in the province.”

gorancakmazovic/iStock/Getty Images Plus


Trending Video

Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.