Belize Sugar Industries Announces Record-High Dividends for Cane Farmers

Belize Sugar Industries Announces Record-High Dividends for Cane Farmers

Belize Sugar Industries (BSI/ASR) announced today that the cane farmers’ associations can expect to receive record-high dividends on the per ton for sugar cane. BSI/ASR will be paying out to farmers, eighty-six dollars and twenty-eight cents per ton, the highest it has been since 2015. The company’s Director of Finance, Shawn Chavarria, spoke to the media today explaining that there are several factors at play that has accommodated this, including favorable world market conditions.

Chavarria said that the situation makes the company hopeful that a collective bargaining agreement can be reached with the farmers in preparation for next season. He noted that the increased payout per ton is proof that the structures in place thus far are favorable to the factory and farmers. 

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