
Corn revenues could easily surpass $40 billion in the United States this year as farmers rush to take advantage of rising interest in ethanol, according to a recent report issued by the US Department of Agriculture.
With prices reaching upward of $3.50 a bushel, farmers intend to plant roughly 90.5 million acres of corn in 2007. That’s 12.1 million acres more than in 2006 and the largest amount in more than 60 years. Iowa remains the top corn state with 13.9 million acres-a more than 10 percent increase over last year.
Ethanol production in the United States has risen dramatically in recent years. According to the St. Louis-based National Corn Growers Association, the ethanol industry consumed more than 1.8 billion bushels of corn in 2006, producing 4.9 billion gallons of renewable fuel.
Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
RELATED ARTICLES
Legacy Landowners: The Salazar Family
My family has been in New Mexico and Colorado for a very long time. Oftentimes …
Western Wildfires – Past Present & Future
This is the second in a series of posts by Field Reporter Joe Nick Patoski …
$500 Million Everglades Deal Postponed Again
Florida Gov. Charli It’s been almost two years since Florida Governor Charlie Crist announced the …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.