I was just reading through the summary of the 2010 review from the Southern Minnesota Beet Sugar Cooperative in the January 2011 edition of "The SugarBeet Grower Magazine."
SMBSC's Todd Geselius reported that SMBSC's growers ended the 2010 crop year by delivering 3,094,801 tons from 114,893 harvested acres, resulting in an average yield of 26.94 tons per acre. "This is the second largest crop we have grown at Southern Minnesota, surpassed only by the 2009 crop," noted Geselius. "The sugar content ended the season at 16.23%." Overall, it was considered a great crop year.
I compared that to the results from some of the other sugar companies that reported in, and SMBSC seemed to be in line. For example, American Crystal Sugar Company reported 26.3 tons per acre (which was the highest average yield in their history) and just over 18% sugar content. The Michigan Sugar Company averaged 26.07 tons per acre (which was also second highest in their history) and 18.17% for grower sugar. Minn-Dak Farmers Cooperative harvested 3,108,000 tons of sugarbeets with an average of 27.15 tons per acre, with average sugar content of 16.8%.
Successful harvests are likely to continue to push land values and rents higher in the future. To learn more about your options for seeling or renting your land, please contact me at 320-894-7528 or firstname.lastname@example.org. I'd love to help you make the most of this market!