Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


RFA Pleased that USDA Expects 2013 Crop to be a Record-Breaker

Mon, 12 Aug 2013 18:17:50 CDT

RFA Pleased that USDA Expects 2013 Crop to be a Record-Breaker
The U.S. Department of Agriculture (USDA) today projected that farmers will harvest a record corn crop of 13.76 billion bushels in 2013, up 28 percent from last year and 5 percent larger than the previous record crop. USDA expects that farmers will achieve a national average yield of 154.4 bushels per acre; that would be the third-highest yield on record, despite farmers experiencing one of the slowest, wettest planting seasons on record.


"America's farmers have again risen to the challenge of producing abundant feed, food, and fuel for consumers around the world. After the disappointment of last year's drought-stricken crop, farmers have responded by producing what is likely to be the largest crop of all time," said RFA President and CEO Bob Dinneen. "By rapidly adopting new seed and equipment technologies over the past decade, this country's corn growers have distinguished themselves as the most productive in the world."


Dinneen continued, "While it is important to remember the crop is not yet in the bins, today's report should be the last nail in the coffin of the ridiculous 'food versus fuel' argument. Corn stocks are likely to hit an 8-year high and prices are at a 3-year low. Meanwhile, USDA is projecting food inflation to average just 2 percent in 2013, down from 2.6 percent in 2012 and well below the historical average of 3 percent. Meat prices are expected to advance just 1.5 percent this year, compared to 3.4 percent last year. All this while ethanol production, demand, and consumption continues to increase. Clearly, the link between the RFS, ethanol, and food prices does not exist."


Dinneen noted that USDA's report suggests livestock and poultry feed will remain as the top use of corn, accounting for 53 percent of total demand (when animal feed co-products from ethanol production are properly considered). By comparison, the ethanol industry is projected to account for 26 percent of corn demand on a net basis, exports will account for 10 percent, and food, seed, and industrial use will make up 11 percent. Additionally, feed usage is projected to be 15 percent higher than last year.


USDA expects global grain production to hit 2.43 billion metric tons in 2013, up 8 percent from last year and a new record. "Not only is U.S. corn production expected to achieve a new record, but world grain output is projected to soar to a new record as well," Dinneen said. "Simply put, there isn't a grain of truth to the notion that U.S. ethanol or the RFS are having any kind of meaningful impact on American or world food prices."



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.