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Before prices plunged last summer, Henebry said he sold some corn for $5.50 to $5.70 per bushel and then for as much as $6.21 per bushel delivered to the grain elevator.
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.
The value and production of individual crops varies substantially from year to year as prices fluctuate on the world and country markets and weather and other factors influence production. This list includes the top 50 most valuable crops and livestock products but does not necessarily include the top 50 most heavily produced crops and ...
Put another way, it is the price of hogs, per hundredweight, divided by the price of corn per bushel. Since corn is a major input cost to hog producers, the higher the price of hogs relative to corn, the more profit there is in feeding hogs. [1] In dairy farming, the milk-feed price ratio is a measure of the value of 16% protein ration to one ...
Other analysts say it adds around 20 percent, or just under 80 cents per bushel at current prices. Those estimates hint that $4 per bushel corn might be priced at only $3 without demand for ethanol fuel.". [123] These industry sources consider that a speculative bubble in the commodity markets holding positions in corn futures was the main ...
The units by which the yield of a crop is usually measured today are kilograms per hectare or bushels per acre.. Long-term cereal yields in the United Kingdom were some 500 kg/ha in Medieval times, jumping to 2000 kg/ha in the Industrial Revolution, and jumping again to 8000 kg/ha in the Green Revolution. [1]
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]