Two important government reports issued this morning show that American farmers and ethanol producers continue to meet demand. First, the U.S. Department of Agriculture (USDA) today made its first estimate of the 2011 corn crop, as well as 2011/12 demand. According to survey data gathered from farmers and historical yield trends, USDA is predicting 92.2 million acres of corn to be planted, 85.1 million harvested acres, and an average yield of 158.7 bushels per acre. This would produce a total crop of 13.5 billion bushels, an all-time record.
The 2010 U.S. corn crop is still on track to compete with previous years with both yield and production forecast to be the third-highest on record according to U.S. Department of Agriculture reports released on November 9. With a projected surplus of 827 million bushels, this crop demonstrates that U.S. corn farmers will continue to meet all demands for food, feed, fuel and fiber.
In this report, USDA reduced production and yield estimates slightly to 12.5 billion bushels and 154.3 bushels per acre.
2010 Corn Utilization and Technology Conference participants didn’t waste any time diving into showing and telling what’s cool in corn this week at the multi-day event in Atlanta. The biggest challenge facing attendees was absorbing all the information.
“This year’s theme, “Corn: America’s Renewable Resource,” was a very appropriate choice for 2010,” said CUTC Chairman Larry Hasheider in his closing remarks.