NEWS for North Dakotans
Agriculture Communication, North Dakota State University
7 Morrill Hall, Fargo, ND 58105-5665
February 17, 2000
An annual publication containing short- and long-term agricultural price projections that North Dakota producers can use for planning is now available from the North Dakota State University Extension Service. The publication lists year 2000 price projections for crops and livestock produced in the state as well as price projections for future years.
"Price projections are given for the major crop commodities including wheat, durum, oats, feed barley, malting barley, oil sunflower, non-oil sunflower, corn, soybeans, canola, flax, dry beans, alfalfa hay, mixed hay, rye and potatoes," says Ron Haugen, extension farm economist at NDSU and one of the publication's authors.
Price projections for livestock include beef steers and heifers at various weights, slaughter hogs, slaughter ewes, slaughter lambs, feeder lambs and wholesale milk. The publication also shows the historical prices as a reference.
"The estimated short-term planning prices should be used as a guide in setting price expectations for the year 2000 production," Haugen says. "These planning prices can be used for preparing annual enterprise budgets and annual whole-farm cash flow projections."
Producers should use estimated long-term prices for planning capital purchases or expansion alternatives which extend beyond the next production year, Haugen says.
To obtain this free publication, titled "Plotting a Course 2000" (EC-1090), contact a county office of the NDSU Extension Service, call (701) 231-7882 or write to NDSU Agriculture Communication, Distribution Center, Box 5655, 10 Morrill Hall, Fargo, ND 58105-5655. Requests also may be faxed to (701) 231-7044 or e-mailed to dctr@ndsuext.nodak.edu The publication will soon be available via the Internet at http://www.ext.nodak.edu/extpubs/agecon/market/ec1090w.htm.
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Source: Ron Haugen (701) 231-8103
Editor: Dean Hulse (701) 231-6136