American Crystal had borrowed $71,790,000 from the USDA in fiscal - TopicsExpress

American Crystal had borrowed $71,790,000 from the USDA in fiscal 2013 to run its sugar processing plants, putting up 300 million pounds of sugar as collateral. Before Tuesday’s forfeiture, the co-op sold the USDA 105 million pounds of beet sugar for more than $25 million. The government immediately re-sold that sugar to biofuel producers for about $5 million, a $20 million loss to the government. startribune/business/226011811.html

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