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Colorado Agriculture Will Post Record
Estimated net Farm Income in 2011 COLORADO FARM InCOME AnD PRODUCTIOn ExPEnSES COLORADO FARM INCOME AND PRODUCTION EXPENSES
2003 - 2012
(In Millions of Dollars)
(In Millions of Dollars) C olorado’s agricultural producers benefited
from unexpectedly strong market prices for
livestock and crops in 2011, leading to estimated
record net farm income of $1.7 billion. Gross farm
revenue for 2011 is expected to increase by nearly
$1.5 billion, to $8.6 billion, topping the previous
high of just under $7.5 billion recorded in 2007.
Estimated 2011 cash receipts for most of Colorado’s major crops are far above the levels forecast
a year ago, with hay up 32%, potatoes up 51%, and
corn up a remarkable 62%. Total livestock cash
receipts are estimated to surge to a new record of
$4.6 billion in 2011, eclipsing the previous record
of $4.3 billion in 2007. A strong recovery and
growth in Colorado’s dairy industry, along with
record cash receipts for producers of sheep, lambs,
and specialty livestock, contributed importantly.
Estimated total farm production expenses are up
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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