louisiana where cane is king jim simon. frank martin farms --1982
TRANSCRIPT
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Louisiana Where Cane is King
Jim Simon
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Frank Martin Farms --1982
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The Sugar Belt
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450,000 (+) acres in production 1.4 million tons of raw sugar27,000 related jobs$1.8 billion economic impact$800 million farm gate80% cane acreage is rented
Louisiana Sugar Cane Facts
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Raw Sugar Produced
Lily
Freeze
Katrina/Rita
Acres & 384
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Financial Condition •20 cents for 25 years•Real Price adjusted for
inflation—10 cents •Debt accumulation through
Hurricane years• Life Support
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2009 Crop• Wet expensive harvest• Growers averaged 24.5 cents per
pound• Moved the industry off life
support, out of intensive care
•Rehabilitation
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2010 crop• About 30 cents not till October• Clearing accumulated debt• Replacing worn out equipment• Deferred drainage work
•Doctor’s Release
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Mike Robichaux
“We’ll be able to pay off our crop loan completely. We’ll pay off about 1 1/2 years’ worth of debt because we haven’t been able to pay in full for years.”
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This Year’s Crop - 2011
• Optimistic for strong yields• Good prices • Some new acreage• Healthy balance sheet •Will Mother Nature be kind???
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Mills & Refineries
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Stored Raw Sugar
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Alma Plantation
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Cajun Sugars
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Cora Texas
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Lafourche Sugars
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LaSuCa
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Lula Factory
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Enterprise Factory
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Raceland Sugars
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St. Mary Sugars
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Westfield Factory
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Sterling Sugars
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Optimistic Future????• Refining ventures -- (new level of
competition in the marketplace for Louisiana raws)• Is there a new bottom to world prices?? • Grown in the USA - Users have
expressed the need for strong domestic production
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Expansion???
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Frank Martin Farms - 1982
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Frank Martin Farms - 2010
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28th International Sweetener Symposium
Sponsored by
American Sugar Alliance
Stowe Mountain LodgeStowe, Vermont, USA
July 29 – August 3, 2011
www.sugaralliance.org