Northwest colorado has the greatest concentration of

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: 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...
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