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Saturday, August 23, 2014

Too Much Corn With Nowhere to Go as U.S. Farmers Plan for Record

The ripening corn and soybean fields stretch for miles in every direction from Dennis Wentworth’s farm in Downs, Illinois. As he marveled at his best-yielding crops ever, he wondered aloud where the heck he’ll put it all.

“Logistics are going to be a huge problem for everyone,” the 62-year-old grower said, adding that he has invested in boosting output rather than grain bins. When harvesting starts in a few weeks, Wentworth expects his 150-year-old family farm to produce 10 percent more than last year’s record. “There are going to be some big piles of grain on the ground this fall.”

From Ohio to Nebraska, thousands of field inspections this week during the Pro Farmer Midwest Crop Tour show production of corn could be 1 percent more than the government’s estimate and soybeans 1.2 percent higher, according to a Bloomberg survey of crop scouts.

Months of timely rains and mild weather created ideal growing conditions, leaving ears with more kernels than normal on 10-foot (3-meter) corn stalks and more seed pods on dark, green soy plants.

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5 comments:

  1. How about lower prices??

    ReplyDelete
  2. WHAT? Is this true?
    Wait a minute! What about all the global warming freaks? What about the man made climate change nutjobs?
    Fair weather? Bumper crops?
    This can't be true!
    Have they been liars all along?



    (sarc)

    ReplyDelete
  3. Good! Maybe gas will go down, since some idiot in Washington thought it was a good idea to put corn in gasoline.

    All it does it run prices up, and performance and gas mileage down.

    ReplyDelete
  4. Have another drink of the global warming kool aid and you will see the light

    ReplyDelete
  5. 2:34 Please do some research. Ethanol is running about 50 cents per gsllon cheaper than pure gasoline. Furthermore, wha do you propose replace the oxygenate since MTBE has been banned. Ethanol allows the oil companies to blend 85 octsne gas with ethanol to make the 87 standard. Stop buying the spin put out by the poultry companies etc.that want cheap feed.

    ReplyDelete

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