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re: Who owns all the sugar cane farmland by Thibodaux and Hwy 90 area
Posted on 9/12/19 at 7:23 pm to The Mick
Posted on 9/12/19 at 7:23 pm to The Mick
The land you can see from Hwy 90 in Raceland was most recently owned by Prudential Life Insurance- not 100%, but they may have divested that to MA Patout & Sons who own the Raceland mill.
For the most part, all the cane land in LA is owned by old families and rented out to sugarcane farmers for a percentage of the crop. The mill gets a percent, the landowner gets a percent, and the farmer keeps the rest.
Over the last few years, some farmers have been able to buy some land for themselves, but it is a VERY small percentage of their total acreage- like 100-500 acres out of 4000 acres total farmed.
For the most part, all the cane land in LA is owned by old families and rented out to sugarcane farmers for a percentage of the crop. The mill gets a percent, the landowner gets a percent, and the farmer keeps the rest.
Over the last few years, some farmers have been able to buy some land for themselves, but it is a VERY small percentage of their total acreage- like 100-500 acres out of 4000 acres total farmed.
This post was edited on 9/12/19 at 7:25 pm
Posted on 9/12/19 at 7:48 pm to subMOA
My family owns a large portion. My great grandpa bought as much as he could back in the day. Whoever farms it just sends in a check of whatever every now and then. I don't think it's very much though.
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