Agricultural Outlook for 2004 PURDUE AGRICULTURAL ECONOMICS REPORT
نویسنده
چکیده
Agricultural Outlook for 2004 . . . . . . 1 The Role of Combine Yield Monitors in the Choice of Crop Genetics . . . . . . . . . . . . . . . . 6 The Indiana Equine Industry . . . . . . . 8 What Landowners and Their Lawyers Should Know About Negotiating Coal, Oil and Gas Leases . . . . . . . . . . . . . 11 “Manure” Happens: The Future for Indiana Animal Agriculture . . . . . . . . . . . . 12 Who will benefit from GPS Auto Guidance in the Corn Belt? . . . . . . . . . . . . . . . . . . . . 13 2004 Top Farmer Crop Workshop . . . . . . . . . . . . . . . . 16 appy days could be here again as Indiana farm income prospects appear to be favorable in 2004. Higher incomes are expected to be led by higher corn, soybean, and wheat prices both for old crop in storage and for 2004 crops as well. Even though costs of grain production will be up sharply, strong crop prices are expected to more than offset rising input prices. Key to the strong grain prices will be rising demand due to the rapid growth in the U.S. and world economies, low interest rates, and a weak U.S. dollar which will stimulate agricultural exports. The fortunes will not be as positive for animals industries however. The beef sector will continue to be impacted by BSE, and continued large hog and milk production in combination with higher feed prices may prohibit positive returns.
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∗Akgul is a Ph.D. candidate with the Department of Agricultural Economics, Purdue University, West Lafayette, IN 47907, USA. †Villoria is a Research Assistant Professor of Agricultural Economics with the Center for Global Trade Analysis, Purdue University, West Lafayette, IN 47907, USA. ‡Hertel is a Professor of Agricultural Economics and the Executive Director of the Center for Global Trade An...
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