Despite the severe drought in southern colorado a

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: gative impact of the poor housing market on the nursery and greenhouse industry, record net income for Colorado crops is estimated for 2011. Grain prices were projected to remain firm in 2011, but season average prices for many crops far exceeded even optimistic expectations, with wheat, corn, hay, potatoes, and sunflowers all bringing record average market prices to Colorado producers. Average annual total cash receipts for all Colorado crops for the 10-year period from 1993 through 2002 were $1.3 billion. The average annual total for the current 10-year period projects to an eye-opening 48% higher, at $2 billion (including estimated 2012 numbers). Modestly higher crop production input costs in 2011 were compensated by even higher revenues for many producers. Colorado wheat cash receipts are estimated at a record $572 million for 2011 as producers were able to market a record 2010 wheat crop at a record average marketing year price. While production in 2011 declined, overall average yields were better than many expected, due to timely rains in northeastern C...
View Full Document

This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

Ask a homework question - tutors are online