Colorado Corn
Cultivating Opportunities
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.
During these economically stressful times, rising food prices can lead to questions about how much profit a farmer actually makes. With 98.5 percent of the population not working in agriculture, it becomes easy to make assumptions based upon only the prices on the shelves. But, in all actuality, farmers must spend a large percentage of the price they will get after harvest on the inputs necessary to grow the crops that provide food, feed and fuel.