42 COSTS OF PRODUCING SUGAR BEETS TABLE 16.—~Weighted average costs of production and returns to growers from the sale of sugar beets SUMMARY FOR UNITED STATES AND ANALYSIS BY STATES, 1921, 1922, AND 1923 [Per pound of sugar extracted from the sugar beets] Amount by which the returns to growers from the sale of sugar peets exceed? the costs of production of sugar beets? Average costs ! Pounds of sugar ex- yracted per bon of beets paid for by the factories ¢ Average ~eturns to growers from the sale of sugar beets State and year No allow- ance made for land rental and nterest on other capi- | tal 8 Allowance made for land rental and in- terest at 5 per cent on other capital No allow- ance made for land rental and nterest on other capi- tal § Allowance made for and rental and in- terest at 8 per cent on other capital United States: 3-year average ......_.._-. 1921 eae 11 1923 eee Pounds 263.9 268.1 263. 2 259, 6 Cents 2.35 2.41 2.26 2.34 Cents Cents 2.85 | 2.92 2.97 2.34 2.78 3.04 2.77 3.50 Cents 0. 57 —.07 .78 1.18 Cents 0.07 —. 63 .26 .73 Michigan: 3-year average... ---..-. 1921... mma 1922... ————— 1923... Ohio: 3-year average. ..-------... 1921 cee 1922 ee 1923 cee Nebraska: 3-year average... .-- 1921... i 1922... J. 19°" — Colorado: 3-year average... 192). 1922... 1923. Utah: 3-year average. 1921. __. 1922... 19023__ 229. 7 215. 5 229, 4 248. 6 3.10 3. 39 2, 79 3.01 3. 61 3.97 3.28 3.46 3.25 2.80 3.15 3. 82 . 18 ~. 59 .36 81 —. 36 —-1.17 —. 13 . 36 210. 1 205. 1 232.1 201. 2 2. 91 316 43 05 3.47 3.81 7: 2 ng 3. 66 2.92 2.96 4, 62 75 —. 24 . 53 1. 57 .19 -. 89 .02 1.03 252.2 274. 5 248.0 220 ( > NR 2.99 2.40 3.23 3. 56 91 .33 1.45 1.12 .45 —. 16 1.06 .63 ant 2f} 28" 2.85 7. 44 a . oY 29 . 62 94 .09 —-. 19 .04 .49 —. 05 -1.01 .38 . 67 .19 —-.72 . 58 .68 t When composite figures appear as in the 3-year average for each State and in the figures for the United Btates, Phare the data for the States investigated are combined, the acres of sugar beets harvested are used AS weights. . ! A minus sign (—) before a figure indicates that costs exceed returns by that amount. 3 See pp. 33-38 for explaination of methods of determining costs. . 4 The basic data from which the pounds of sugar extracted from a ton of beets were obtained were fur- nished by the U. 8. Department of Agriculture. Sugar extraction from beet roots depends upon the sugar content, the coefficient of purity, the general condition of the beet roots when sliced, the extraction and refining processes used, and the efficiency of the mills. These data are restricted to those beets for which costs were obtained in this investigation and, therefore, are not necessarily the same as the data published by the Department of Agriculture or those published in Concerning Sugar, which are averages for all beets sliced by all the factories located in the respective States. . 8 Land rental and other capital charges, paid and unpaid, are excluded from this cost. For the United States as a whole cash rental was actually paid on 5.4 per cent of the acreage planted and share rental on 41.7 per cent. On a large percentage of the farms, interest amounting to 20 cents per acre, or about 1.8 cents per ton, was actually paid on cash advances made by the factories to the farmers for the payment of contract labor. Many of these farms are mortgaged, and interest is actually paid on these farm mortgages at rates varying from 5 to 9 per cent and averaging 7.14 per cent. In order to put the data for all farms on a com- parable basis and simplify tabulations, however, all farms were treated as owned by the operators and taxes and overhead costs on this rented acreage were included as general costs and all capital charges, whether paid or unpaid, were segregated.