CoBank Forecasts Improved Market Conditions for Sugarbeets in 2020

In 2019, the acreage planted to sugarbeets saw a significant decline along with the quality of crop. As result, sugarbeet processors struggled financially, but a recent report from CoBank, outlines how the 2020 growing season could be a perfect storm for sugarbeet farmers and processors to get back on their feet.

2019 Impacts

The 2019 sugarbeet harvest totaled 28.6 million short tons, a 14% year-over-year decline, the fifth largest decline on record. Production in three…

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