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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.
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.
That is, if the price of wheat in 2002 was $3.80, farmers would get an extra 58¢ per bushel (52¢ plus the 6¢ price difference). Fruit and vegetable crops are not eligible for subsidies. [39] Corn was the top crop for subsidy payments prior to 2011.
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 ...
Corn is the most valuable crop in Kansas – in 2022, farmers collected $3.6 billion from corn, at $7.2 a bushel, according to the U.S. Department of Agriculture. That’s $1.5 billion more than ...
Heck said he recently hauled corn as fast as he could to a local plant owned by POET, the world's largest ethanol producer, that offered to pay cash prices 42 cents per bushel, or about 10% ...
One major drawback with corn ethanol, is the energy returned on energy invested , meaning the energy outputted in comparison to the energy required to output that energy. Compared to oil, with an 11:1 EROI, corn ethanol has a much lower EROI of 1.5:1, which, in turn, also provides less mileage per gallon compared to gasoline. [7]
The price of corn in the United States has been increasing this year and is now approaching record highs. As of Monday, according to The Wall Street Journal, corn prices are up 50%, with the cost ...