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ONE OF THE biggest private sugar cane growers on the island is serving notice that it cannot continue to sustain more years of losses.

Edward Clarke, chief operating officer and general manager for Sagicor Barbados, the parent company of Barbados Farms Limited, admitted yesterday that the agriculture-based company had been in the red but was being propped up by Sagicor.

The revelation came as the Government and the Inter-Sugar Partnership Limited signed an agreement to finance the restructuring of the sugar industry and build a new state-of-the-art facility at Andrews, St Joseph.

Please read the full story in today’s Daily Nation, or in the eNATION edition.