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.