2-28 IAN Ag Revenues

 From beef to potatoes there is a large spread in outcome or make that income.

 I talked with Garth Taylor, agricultural economist from University of Idaho and he had a number of opinions that he shared with me. “Futures of cattle prices are at an all time record high, you have seen it in the headlines. 25% of our revenues from cash receipts are from cattle and calves are at a record high so that puts a little bloom on my rose. Yes, Paul Taylor is exactly right about the potato industry. When we make these forecasts and predictions, you have to look at that as a calendar year... not a crop year. we are marketing the 2012 crop right now. That is counted in 2013 as the calendar year. Non-contracted potatoes are in the pits. I have heard it is $2.30 a hundredweight. That’s a cattle feed type of thing. These are very high quality potatoes. That is going to feed into this 2013 calendar year even though it is a 2012 crop. how much that reaches into next year as we come into the summer and fall of next year, how that is going to work out, are they going to plant less acreage, but you see what that bleeds into. Bleeding that 2012 crop surplus 2013 projected revenues.