NDSU Extension Service Projects Commodity Planning Prices for 2013

Short- and long-term agricultural planning price projections for North Dakota
are available, says Ron Haugen, farm economist with the North Dakota State
University Extension Service.

The publication shows 2013 price projections for crops and livestock produced in
the state and price estimates for future years. Price projections are given for
the major crop commodities, including wheat, durum, oats, feed barley, malting
barley, oil sunflowers, nonoil sunflowers, corn, soybeans, canola, flaxseed,
winter wheat, dry beans, dry peas, lentils, alfalfa hay and mixed hay.

Price projections for livestock and livestock products include beef steers and
heifers at various weights, cull cows, slaughter steers, slaughter hogs,
slaughter ewes, slaughter lambs, feeder lambs and milk. The publication also
provides historical prices as a reference.

"The estimated short-term planning prices should be used as a guide in setting
price expectations for 2013 production," Haugen says. "These planning prices can
be used for preparing annual enterprise budgets and annual whole-farm cash-flow
projections. The short-term prices should not be used for planning capital
purchases or expansion alternatives that would extend beyond the next production
year."

Posted in

Tagged keywords...