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Sugar beet farmers’ 1984 average of $12,810 in total cash income was substantially below the $22,918 for all U.S. farms, primarily because sugar beet farmers received only $2,524 in nonfarm income compared with $16,054 for all U.S. farms. Because sugar beets are a high-value crop, more than 20 percent of all sugar beet producers had farm sales of $250,000 or more, compared with only 6 percent of all U.S. farms. Sugar beet farms tend to be more indebted than most farms, but the sugar beet farms' average net worth, $281,547, Is slightly higher than the U.S. average, $251,845. Most production is concentrated In three regions: Minnesota and eastern North Dakota (35.2 percent of all production); California (18.8 percent); and Colorado, Nebraska, and southeastern Wyoming (12.8 percent). Sugar beets tend to be produced on farms which also produce livestock, mostly cattle, or other cash crops, mostly wheat, corn, barley, or soybeans. This report analyzes production and financial characteristics of sugar beet producers in seven regions. |
