Labor costs expected to rise 10% in 2013 - The Packer

Labor costs expected to rise 10% in 2013

02/27/2013 01:32:00 PM
Tom Karst

Barr said the world’s emerging markets will continue to look to the U.S. for farm commodities. China and India will account for 70% of the world’s increase in the middle class through 2030, and the strength of those economies will dictate much of the export strength of the U.S., he said. Because of recent strength in grain prices, Barr said U.S. specialty crop producers won’t likely see much acreage moving out of crops like corn and soybeans and into fruits and vegetables.

 

Cash Receipts: US crops ($billions)

Year                   Fruits and nuts                       Vegetables and melons

2009                        19.3                                             20.5

2010                        21.8                                             20.1

2011                        24.2                                             20.9

2012(f)                    25.4                                              20.3

2013(f)                    23.6                                              20.6

Source: USDA

(f) forecast


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