Industry Insights

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Industry Insights

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Ag TRENDS Articles

Sugar Beets

Jan 26, 2024, 10:52 AM
Title : Sugar Beets
Short description : Industry information for Sugar Beets in the Pacific Northwest. Updated 3/31/2024
Survey link : https://www.surveymonkey.com/r/SugarBeetsSnapshot
AgWest Farm Credit’s 12-month outlook for sugar beets suggests profitable returns.
  • Timely plantings and favorable weather which will benefit sugar beet production
  • Strong sugar prices have producers optimistic about the upcoming season

Profitability

Beet growers anticipate a profitable year due to strong sugar prices, increased demand and timely plantings. They expect strong contract prices, with sugar prices exceeding $70 per ton in Idaho. Cost reductions in fertilizer and diesel will further enhance grower margins. Producers face challenges due to higher wages, labor shortages and rising interest expenses. Nevertheless, producers are optimistic with near-record profits forecasted from this year’s sugar beet crop.



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Sugar Beets Small Grains Profitability Outlook

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