V 



§tate of {Montana 



©ffice of the (Bouernor 



tl^elena, filHontana 59820 



406-444-3111 



TED SCHWINDEN 



GOVERNOR 



As the largest industry in Montana, agriculture is the linchpin of 

 the state's economy. A shift in the economy of the agricultural sector 

 is quickly reflected in our state's overall economy. 



While improved crop yields and livestock prices in 1987 brought a 

 measure of economic improvement to the agricultural sector, the current 

 drought resulted in significantly decreased production in 1988 for both 

 grains and livestock. However, lower production resulted in substantial 

 price improvement — reminding us of the sometimes ironic impact Mother 

 Nature can have on our farmers and ranchers. 



As the business of agriculture becomes increasingly competitive, 

 the need for accurate and timely information becomes crucial. The 

 agricultural statistics presented within this bulletin provide essential 

 information for making informed decisions. I am certain that this 

 publication will prove useful when making the decisions that will 

 ultimately determine the success of an agricultural business. 



"ED SCHWINDEN 

 Governor 



