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Louisiana Where Cane is King

Louisiana Where Cane is King. Jim Simon. Frank Martin Farms --1982. The Sugar Belt. Louisiana Sugar Cane Facts. 450,000 (+) acres in production 1.4 million tons of raw sugar 27,000 related jobs $1.8 billion economic impact $800 million farm gate 80% cane acreage is rented.

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Louisiana Where Cane is King

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  1. LouisianaWhere Cane is King Jim Simon

  2. Frank Martin Farms --1982

  3. The Sugar Belt

  4. Louisiana Sugar Cane Facts • 450,000 (+) acres in production • 1.4 million tons of raw sugar • 27,000 related jobs • $1.8 billion economic impact • $800 million farm gate • 80% cane acreage is rented

  5. Raw Sugar Produced Acres & 384 Lily Katrina/Rita Freeze

  6. Financial Condition • 20 cents for 25 years • Real Price adjusted for inflation—10 cents • Debt accumulation through Hurricane years • Life Support

  7. 2009 Crop • Wet expensive harvest • Growers averaged 24.5 cents per pound • Moved the industry off life support, out of intensive care • Rehabilitation

  8. 2010 crop • About 30 centsnot till October • Clearing accumulated debt • Replacing worn out equipment • Deferred drainage work • Doctor’s Release

  9. 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.”

  10. This Year’s Crop - 2011 • Optimistic for strong yields • Good prices • Some new acreage • Healthy balance sheet • Will Mother Nature be kind???

  11. Mills & Refineries

  12. Stored Raw Sugar

  13. Alma Plantation

  14. Cajun Sugars

  15. Cora Texas

  16. Lafourche Sugars

  17. LaSuCa

  18. Lula Factory

  19. Enterprise Factory

  20. Raceland Sugars

  21. St. Mary Sugars

  22. Westfield Factory

  23. Sterling Sugars

  24. 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

  25. Expansion???

  26. Frank Martin Farms - 1982

  27. Frank Martin Farms - 2010

  28. 28th International Sweetener Symposium Sponsored by American Sugar Alliance • Stowe Mountain Lodge • Stowe, Vermont, USA • July 29 – August 3, 2011 www.sugaralliance.org

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