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Estimated total farm production expenses are up 14 in

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Unformatted text preview: 2011 from 2010 due mainly to increased feed costs for livestock and dairy industries. Despite considerable operating cost increases, the estimated 21% jump in gross value of farm revenue is enough to reward Colorado farmers and ranchers with an additional $625 million in estimated net income in 2011 compared to 2010. Looking ahead to 2012, Colorado net farm income is projected to remain healthy at more than double the 2009 recession level. Production expenses are expected to continue to trend higher, limiting growth in net farm income. Export demand, especially to Asia, Canada, and Mexico, should remain strong and be a leading factor in determining 14 Year 2003 2004 2005 2006 2007 2008 2009 2010 2011a 2012b Gross Value of Farm Revenue Total Farm Production Expenses Net Farm Income $5,711.5 6,447.9 6,755.7 6,761.5 7,478.2 7,269.3 6,800.4 7,065.7 8,559.8 8,563.2 $4,828.5 5,119.9 5,379.8 5,843.9 6,203.1 6,161.6 6,092.8 6,030.7 6,900.0 7,000.0 $883.0 1,328.0 1,375.9 917.6 1,275.1 1,107.7 707.6...
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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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