Corn Bounces Back
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Corn Bounces Back         


Author: ecineleuf
Date: Aug 27, 2008 15:08

Cindy Zimmerman
August 12, 2008

The USDA August crop production forecast is a demonstration of just
how resilient American farmers can be. Despite June’s severe flooding
in the Midwest, U.S. farmers are still on pace to produce the second
largest corn crop in history at 12.3 billion bushels.

Much of the credit must go to Mother Nature for having pity on the
farmers she had just belted with flooded fields, blessing them with
almost picture perfect growing conditions for the past month.

That pushed the yield forecast up to 155 bushels per acre for corn,
which would be the second highest on record behind 2004.

“This is great news not just for corn growers, but for everyone,” said
National Corn Growers Association President Ron Litterer. “We’re
committed to meeting all needs and this estimate indicates we are
growing the corn this year to do so – and provide a solid carry-out
into 2009.”
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