PD Poll Question
|News - Latest|
|Thursday, 24 May 2012 10:22|
Oregon's farmers, ranchers and fishing industry grossed a record $5.2 billion in 2011 – thanks to higher commodity prices, according to a report by the Oregon State University (OSU) Extension Service.
Click here to view the report.
Sales were up 19.1 percent from a revised $4.4 billion in 2010, the largest percentage increase since a 20.6 percent jump in 1979, said Bart Eleveld, the OSU Extension Service economist who compiled the report.
Of the 89 commodities identified in the report, 66 increased in sales compared with 2010.
He added that with stronger milk prices, dairies were able to afford better quality – and thus more expensive – alfalfa hay.
The last sales record was set in 2008 when sales were $4.9 billion. They plunged 15.1 percent in 2009, marking the biggest percentage drop in more than 30 years. Sales rebounded 5.8 percent in 2010.