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$20.37 per cu.yd.. <br />through Front Range <br />Prices paid to <br />cases and establish, <br />If one assumes <br />These prices are for bulk peat sold mostly <br />nurseries. <br />land owners by operators were noted in two <br />ad a range from $0.75 to $2.00 per cu.yd.. <br />that the net value to the producers of both <br />bulk and packaged peat is approximately the same then the value <br />of all peat sold within the state would be about $20.00 per <br />cu.yd.. When multiplied by the annual excavation rate of 100,000 <br />cu.yds. it is estimated that peat industry revenues total around <br />$2 million annually. <br />Over the short term, variability in peat industry revenues <br />is directly related to activity in the building industry. Growth <br />in the building industry results in a higher demand for <br />landscaping, which in turn results in a higher demand for peat. <br />Over the long term, variability in the peat industry is probably <br />a function of regional population levels. The Minnesota <br />Department of Natural Resources (MDNR 1979) estimated that the <br />potential for long term growth in the horticultural segment of <br />Minnesota's peat industry was limited by "low per- capita use <br />levels and high transportation costs ". It could be assumed that <br />use levels in Colorado would be similar to those in Minnesota, <br />but that transportation charges would be higher due to the <br />mountainous terrain. The Minnesota study also found that even at <br />full expansion, capital expenditures and full -time employment <br />related to production and distribution would be small. <br />• 55 <br />