Beet '22

Sonoftheheir

Member
Arable Farmer
Location
West Suffolk
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Breckland Boy

Member
Mixed Farmer
Location
Breckland
Well I am 80ish% of contract delivered but nearly 500t short. Only two loads short of our estimated loads. Dirt tare at record highs and sugars at record lows. Directly attributable to the frost pre xmas.
As far as we can make out the frost insurance won't pay out for us. But at least they went in.
Really feel for those with beet still in the ground, somes fields look terrible around here.
 

Sonoftheheir

Member
Arable Farmer
Location
West Suffolk
Well I am 80ish% of contract delivered but nearly 500t short. Only two loads short of our estimated loads. Dirt tare at record highs and sugars at record lows. Directly attributable to the frost pre xmas.
As far as we can make out the frost insurance won't pay out for us. But at least they went in.
Really feel for those with beet still in the ground, somes fields look terrible around here.

I have the fields man coming this afternoon to give me his opinion. I’m guessing he will place a black cap on his head and pass sentence.

I think we’re about 60% in so I guess we’d be better writing them off?
 

Rookie

Member
Arable Farmer
Location
Lincs / Notts
Will the £15m cap be reached as there could be a lot of beet tonnage affected as I'd imagine a mid December trigger start date is a lot earlier scenario than had been expected.
 

robbie

Member
BASIS
Haha! Standard. How much area? How many loads to cover the harvesting cost etc….tough call. Although I will say; touchwood; I’ve been delivering all day today with no rejections 🙈 I wonder if standards have dropped now the insurance has officially been triggered to try keep it coming in…
Probably that and the fact they just haven't got any beet going in at the moment. My man reckons there was little more than a good sized mole hill on the flat pad this morning.
 

Flatland guy

Member
Location
Lincolnshire
According to my calculations the £15 million cap for frost losses will pay for 555,555 tonnes of sugar beet@ £27/ tonne. Taking data from Rookie's post 1203, British sugar had processed 25,500 tonnes of beet in a day, allowing for dirt and sugar content let's say an adjusted 19000 tonnes of beet a day. Average 30 days a month equates to 570,000 tonnes. So effectively the frost insurance at most is only going to pay for one months supply of beet at low sugar, high dirt tare!
 

alomy75

Member
According to my calculations the £15 million cap for frost losses will pay for 555,555 tonnes of sugar beet@ £27/ tonne. Taking data from Rookie's post 1203, British sugar had processed 25,500 tonnes of beet in a day, allowing for dirt and sugar content let's say an adjusted 19000 tonnes of beet a day. Average 30 days a month equates to 570,000 tonnes. So effectively the frost insurance at most is only going to pay for one months supply of beet at low sugar, high dirt tare!
Don’t forget the >30% loss at £13.50; it’s only the 15-30% gets the full 27. So the money will go a little further. But it’s an interesting point. What % delivered are the factories at present?
 

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