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Sweet corn: 5 cents an ear, or 35 cents in today’s dollars. Rib-eye steak: $2.49 a pound, $17.50 in today’s dollars. Coffee: 66 cents a pound, $4.47 in today’s dollars.
December 1, 2023 at 7:06 AM. A combine harvests corn to be used for ethanol as a tractor hauls a grain cart on a section of farmland in Michigan on Thursday, November 16, 2023. ... Right now, it ...
If demand for corn is high and projected revenue-per-acre is strong relative to other crops, farmers will plant more corn. In 2007 US farmers planted 92,900,000 acres (376,000 km 2) with corn, 19% more acres than they did in 2006. The U.S. has doubled corn yields over the last 40 years and expects to double them again in the next 20 years.
An RFA lobby document states that "In a January 2007 statement, the USDA Chief Economist stated that farm program payments were expected to be reduced by some $6 billion due to the higher value of a bushel of corn. [32] Corn production in 2009 reached over 13.2 billion bushels, and a per acre yield jumped to over 165 bushels per acre. [33]
The USDA in December further revised down US egg supply estimates and raised price forecasts for 2025. Beef (+5% annually): US cattle inventory is at the lowest level in more than 70 years ...
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.
In 1995 the USDA released a report stating that the net energy balance of corn ethanol in the United States was an average of 1.24. It was previously considered to have a negative net energy balance. However, due to increases in corn crop yield and more efficient farming practices corn ethanol had gained energy efficiency. [3]
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