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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
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
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.
- Spring '13
- The Lottery