1、USDAs Annual Outlook ForumSugar and SweetenersFebruary 28,2025 Neil RockstadFarmer,Ada,MinnesotaPresidentAmerican SugarbeetGrowers AssociationThe Complexities and Costs to FarmFarming looks mighty easy when your plow is a pencil,and youre a thousand miles from the corn field.-President Dwight D.Eise
2、nhowerSeptember 25,1956|Peoria,Illinois LandOwnership:72%increase Compete against:Neighbors Ultra rich Hedge funds Premiums Proximity to home Outside endangered Species Subsurface drainage Taxes/Maintenance Rent:27%Increase Three years before beets Control pre-beet rotation Control fertilizer Contro
3、l pesticides Break disease cycles Post-beet yield drag Key during drier years CompactionWater:Non-Irrigated Cannot control Too Much Impacts timing of planting,spraying,harvesting delays$1,000/acre subsurface drainage Too Little Yield drag Loss of cropWater:Irrigated Water Availability Snow Pack/rese
4、rvoir level Melt too slow mountain absorbs the water Melt too fast,bypass farm Aquafer levels$500-$1,000/acre power Ditch,sprinkler and labor cost Wrong form:HailCooperative Shareholder Own(positive/negative value)Joint venture with owner Grower obligated to plant the crop to avoid severe penalties.
5、Cooperative does not make or lose money.Cooperative typically takes 50%of gross revenues Grower receives the rest Higher Cooperative costs Factory,piling grounds Warehouses,distribution centers Capital improvements Maintenance Labor+education&training Energy Transportation:factory/customers Environm
6、ental regulationsFarm Equipment Costs 2018 vs 2025340 hp Tractor:$369,570now$567,174up 54%24 Row Planter:$299,320now$422,165up 41%132 ft Sprayer:$88,000now$149,160up 70%12 Row Harvester:$230,000now$300,000up 30%Equipment and Inputs Fuel costs$1,000 to fill a tractor/day Specialized defoliators,extra