USA: Malting barley budget projections positive for North Dakota in 2012

Despite higher costs and uncertain grain markets, crop budget projections indicate strong returns for 2012, Andy Swenson, North Dakota State University Extension Service farm management specialist, was quoted as saying by Cattle Network on December, 19.

“With few exceptions, all crops show positive returns to labor and management in all regions of North Dakota where the projections were made,” Swenson says.

Malting barley and corn look positive for 2012. The projected returns for malting barley average out at $110 per acre, with the range from $95 to $125 across the state.

“The main concern for growers is whether malting quality and its associated price used in the projections can be attained,” Swenson says. “The average return from corn across all regions is $100. However, the range across regions is $65 to $150 per acre, which is a wider range than barley. The highest returns for corn are projected to be in the southern Red River Valley and the southeastern regions.”

21 December, 2011