While 2012 is anticipated to be another year at the

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Unformatted text preview: oducers exceeded $30 million only once between 1994 and 2007. Preliminary indications are that 2012 contract prices offered to growers are about 25% above the previous year. Total cash receipts for sunflowers reached an estimated record $40 million in 2011 and are projected to maintain that level in 2012. In contrast, total cash receipts of $16 million in 2011 for dry beans were at their lowest level in more than 20 years. Annual aggregate cash receipts for dry bean producers in the early 1990s averaged three times the current amount. Cash receipts for sorghum in 2011 are estimated to equal the record of $26.3 million seen in 1996, but are expected to decline sharply in 2012, to $15.4 million. Cash receipts for millet are projected at $22 million in both 2011 and 2012. Millet has potential to grow in its contribution and in the past has added as much as $30 million annually in cash receipts to the agricultural sector. While acreage of sugar beets has declined in recent years, production has been steady the past few years, mirrored by relatively stable...
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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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