Colorado hay prices soared in 2011 in response to

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Unformatted text preview: or corn and other livestock feedstuffs. As a result, cash receipts reached a record estimated $397 million in 2011. Hay cash receipts had been projected to fall to $300 million in 2011, but surprisingly robust feed demand from Colorado’s strengthening livestock and dairy industries added to the short national supply, putting upward pressure on prices. Fortunately, hay production in the state, while down slightly from 2010, was not a disaster in 2011. Hay prices for 2012 could fall substantially, but only if the Texas-centered drought is broken. Barley production in Colorado has fluctuated dramatically in recent years, with production under 5 million bushels in 2007 and more than 10 million bushels in 2010. Production in 2011 and 2012 is projected at around 8 million bushels. Cash receipts for barley have moved into a higher range, between $30 million and $45 million, in the past five years. While 2012 is anticipated to be another year at the low end of the range, recognize that 18 total cash receipts for Colorado barley pr...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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