ECONOMIC ANALYSIS OF SUGAR BEET PRODUCTION: A CASE STUDY OF BALIKESİR PROVINCE, TÜRKİYE

The aim of this study is to make an economic analysis of the enterprises that grow sugar beet in Balıkesir Province. In this context, the cost analysis of sugar beet production was made, and the socio-demographic characteristics of the enterprises were examined. The data used in the research were obtained from 75 sugar beet enterprises which were determined by using 'Full Count Method'. The average cultivation area size of sugar beet was 11,7 da, and the yield per unit area was found as 7.326,49 kg da-1. The average product sales price for the season of 2019-2020 was $0,06 kg-1, and the average production value of sugar beet was calculated as $418,67 da-1, and the highest production value was obtained from the third group of the enterprises with $464,92 da-1. In the research, the production cost of sugar beet per unit area was found as $242,67 da-1, and the highest production cost was calculated in the second group of the enterprises. When the enterprises are considered in general, the gross profit of sugar beet per unit area was $240,79 da-1, and net income was $175,99 da-1, and the highest net income was calcualted as $222,81 da-1 in the third group of the enterprises. The study revealed that the average productivity value of enterprises in sugar beet production is 30.19. However, in the present study, considering the average of enterprises in sugar beet production, it has been determined that relative profit ratio is 1.73 and the highest ratio is 1.92 with the 3rd group enterprises. Results of the study proved that as the enterprise scale increases the productivity gained from the unit area, production value of the products, net profit and relative profit rates also increase whereas the product costs per unit area and kilogram decrease. Keywords: Sugar beet, economic analysis, cost, gross profit, relative profit, productivity, Türkiye.