Price Election Modification
On February 28, USDA’s Risk Management Agency (RMA) announced a $5.50 increase in the price election from its initial December announcement of $41.50 ($43.75 in California), to $47.00 per ton for all growing areas. Beet growers deeply appreciate RMA’s review and consideration of more-recent marketing data from our cooperatives that clearly justified an increase.
A very special thanks to John Doxie, president of United Sugars Corporation, for joining ASGA President Mauch and Vice President Erickson to personally meet with RMA Administrator William Murphy and his associate administrator, Barbara Leach, along with key members of the Kansas City RMA staff, to the update them on the unique dynamics in the current sugar market.
Luther Markwart, author of Dateline Washington, is executive vice president of the American Sugarbeet Growers Association.