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Corn prices are now up about 10% over the past month. The surge came after prices hit 2020 lows last year due to oversupply, which eroded farmers' incomes and hit the rural economy hard.
The US is the world's largest producer of corn. [8] According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre.
1926 - Hi-Bred Corn Company is founded in Des Moines, Iowa, with $7,000 in capital. [7] 1931 - Roswell Garst agrees to produce/distribute seed. The following year Garst partners with Charles Thomas to form the Garst and Thomas Seed Corn Company. 1935 - "Pioneer" was added to the name of the company to distinguish it from other hybrid corn ...
Lost in the corn hubbub has been the rise of wheat, barley, and other grains. Grains as a whole (pun intended) have risen 54% in the last year, an increase that is devastating for food ...
Important Dates in Racing Champions/Ertl Company History [2] 1945 - The Ertl Company is founded by Fred Ertl Sr., in Dubuque, Iowa; 1959 - The company moves to larger facilities in Dyersville, Iowa; 1967 - Ertl is acquired by Victor Comptometer Corporation; 1971 - Ertl acquires Carter Tru-Scale; 1973 - Ertl begins manufacturing plastic model kits
Monsanto (NYS: MON) announced recently that it will raise prices of its DeKalb brand of corn seeds by 5% to 10% next year, citing increased costs and strong demand. What makes this odd is that the ...
A remarkable run-up in prices of wheat, corn, oilseeds, rice, and dairy products, along with sharply higher energy prices, have been blamed on supply shortfalls, strong demand for bio-fuels, and an inflow of $150 billion from investment funds. From a year ago, Chicago wheat futures have soared +120%, corn +20%, and soybeans are +80% higher.
During Halloween, Americans buy chocolate candy at almost a 2:1 ratio. But the growth market is in non-chocolate candy and Americans are buying less and less candy corn, consumer data shows, and ...