While production in 2011 declined overall average

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Unformatted text preview: olorado. Even in drier areas, wheat varieties bred at Colorado State University resisted and tolerated the drought well. The recently seeded 2012 wheat crop is emerging with promise as planting and early post-planting conditions improved from the previous year. Cash receipts for wheat in 2012 should nearly match 2011, withPage16 prices remaining far above long-term historical averages and production prospects favorable. Corn prices, however, will likely have as much impact on wheat prices next year as any single factor. Cash receipts for corn in Colorado are estimated at $976 million in 2011 and are forecast to reach the milestone of $1 billion in 2012. To put these figures into perspective, the state’s corn producers garnered in excess of $400 million for the first time in 2008 and achieved $604 million in 2010. Corn has suddenly become the leading revenue generating crop in the state, responsible for a dominant 33% of cash receipt totals for all Colorado crops. If dry land corn yields improve in 2012, Colorado corn continued on page 18 INDEXED COMMODITY PRICES Index 100=January 2002 5...
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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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