A state-of-the-art $103 million Crystech molasses desugarization facility is completed, turning about 200,000 tons of molasses into top-quality sugar each year.
The first full year of operations is completed for a $7 million Hillsboro wastewater treatment facility, one example of the company's ongoing environmental commitment.
Due to severely deflated prices and an oversupplied domestic marketplace, American Crystal, along with many other domestic producers, opts to forfeit sugar to the government for the first time in nearly two decades.
A Payment-in-Kind program (PIK) helped rebalance sugar supply and demand, resulting in about 100,000 acres of sugarbeets (including 33,000 at American Crystal) not being harvested and about 290,000 tons of sugar being removed from the domestic market.
The company ramps up efforts to promote "Gold Standard" agronomic practices that enable shareholders to grow a better crop, regardless of the weather.