Dethroner » energy http://dethroner.com Where every man is king. Tue, 24 Mar 2009 14:58:53 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Alarmist Corn Planting Forecast? http://dethroner.com/2008/03/31/alarmist-corn-planting-forecast/ http://dethroner.com/2008/03/31/alarmist-corn-planting-forecast/#comments Mon, 31 Mar 2008 14:56:52 +0000 Jason http://dethroner.com/?p=4077 The US Department of Agriculture has shared that CORN FORECASTS ARE LOWER THAN LAST YEAR but don’t worry, when farmers read this… they’ll probably plant more corn. Really, thats what the Department of Agriculture said.

I’m just doing my piece, making sure you all know — the price of corn in 2008 may be 3x its price in 2005 or $6 a bushel. Get to plantin’!

Farmers are expected to plant 86 million acres of corn this year, the Department of Agriculture predicted Monday, down 8 percent from 2007, when the amount of corn planted was the highest since World War II. The decreased supply could drive corn prices even higher—a cost for food producers that could be passed on to consumers.

According to the Agriculture Department, corn planting is expected to remain at historically high levels but could be down this year because of the high expense of growing corn and favorable prices for other crops, such as soybeans.

Corn is in en vogue, being used for more than just popping, dog food and Coors. Seems ethanol production is up and using a meaningful amount of corn. I’ve been hearing tales of corn-fuel since the 70’s and I’m not sure what to believe there.

Farmers Expected to Plant Less Corn [AP]

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