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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.
- Spring '13
- The Lottery