Agricultural News
Plantings Report Reaction
Wed, 31 Mar 2010 17:28:08 CDTAfter analyzing the Prospective Plantings report, Matt Hartwig of the Renewable Fuels Association pointed out that - acreage for all major crops hasn't increased, therefore, needs for ethanol are being met through crop switching and not land use change.
At 7.7 billion bushels, the total amount of corn in storage is larger than the total amounts of corn harvested annually as recently as the early 1990s. According to Hartwig, this demonstrates - quite convincingly - that corn supplies are more than ample and will easily satisfy all demands with corn to spare.
According to Iowa Corn Promotion Board Chairman Tim Burrack, - U.S. farmers step up to the plate every year. They use top-of-the-line technology and modern farming techniques to ensure a high quality product. Ron Gray, Illinois corn farmer and former president of the Illinois Corn Marketing Board said the corn acreage increase - reflects America's capacity to meet the domestic market demand as well as sustain U.S. market share around the world at a competitive price.
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