The United States imports 30% of its sugar, while the remaining 70% is extracted from domestically grown sugar beets and sugarcane. More than 1 million acres of sugar beets are cultivated annually in the United States, with a market value at harvest exceeding $1 billion.[5] GM sugar beets are grown by more than 95 percent of the nation's sugar beet farmers. [citation needed] Of the domestically grown sugar crops, over half of the extracted sugar is derived from sugar beets, and the rest from sugarcane.