Montana's wheat values surpass US$1B in 2011, the second year in a row the state has achieved this and only the fourth time it's ever reached the mark; analysts value crop at US$1.3B
February 20, 2012
– Montana’s wheat values surpassed US$1 billion in 2011, the second year in a row the state has achieved this and only the fourth time it’s ever reached the mark, the Billings Gazette reported Feb. 18.
Montana’s 2011 wheat crop was valued by analysts at $1.3 billion amid strong lasting prices. In 2010, the value was $1.4 billion.
Montana’s wheat values have only surpassed the $1 billion mark four times, all in the last five years. The recent trend is due largely to wheat demand in rapidly developing countries and weather problems that have plagued the world's other wheat-growing areas.
The primary source of this article is the Billings Gazette, Billings, Montana, on Feb. 18, 2012.