Sugarbeets prices fall for first time in years

Published online: Sep 26, 2013
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Agriculture plays a key role in not only Montana's economy, but also nationwide.

For the first time in years, the price for sugarbeet crops has dropped significantly.

According to the Montana State University Professor of Agricultural Marketing, the price change is due to an oversupply, which in turn, drives prices down.

"It always comes down to demand and supply conditions. And the demand for sugar is relatively steady. It doesn't change a great deal. So primarily, it's what happens on the production side, worldwide and within the U.S. that determines what these worldwide sugar prices are and the U.S. sugar prices," says Gary Brester.

Brester says sugar adds millions of dollars to the Montana economy every year.

Source: www.kulr8.com