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Unformatted text preview: ration of sheep and lamb producers and that part of
the state enjoyed good pastures in 2011. Encouraged and supported by strong prices, producers
are expected to raise slightly larger flocks of sheep
and goats in 2012. This sector should continue to
contribute historically large cash receipts to the
state’s agricultural economy in 2012, with prices expected to continue the upward trend, though
more moderately. were up 15% for the state’s hog producers in 2011
as a result. Export demand from Asia, fueled by the
weak dollar, should continue to support prices, and
the newly approved U.S.-Korea Free Trade Agreement could mean more sales of U.S. pork (and
beef) to that growing market in 2012 and beyond.
While 2012 cash receipts for hogs are forecast to be
in the $225 million range for the second-straight
year, this is 25% below the peak recorded in 2000. Hog production in Colorado has been steadily
declining in Colorado for the past decade. From
2000 to 2010, state hog production fell by 50%,
with annual cash receipts for producers falling
between $100 million and $150 million by 20082009. Responding to strong prices in 2010, the...
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