Friday, February 15, 2013

From Oil Boom To Corn Boom

Don provided the link.

The Dickinson Press is reporting:
Corn may have North Dakota producers seeing green this spring, as a shortfall in acres nationally last year could entice farmers to boost their planting of it this year, many ag experts predict.
According to the U.S. Department of Agriculture’s monthly national production and usage report and future predictions released Feb. 8, more than 12 billion bushels of corn were used last year, while only 10.8 billion bushels were produced.
“There’s about a 1.8 billion bushel discrepancy, so someone has to quit using 1.8 billion bushels,” Frayne Olson, North Dakota State University crops economist told producers at Tuesday’s Taylor Farm Institute. “So, who’s going to use less corn? The ethanol industry? Exports? The livestock sector? The answer is everybody.”
I assume The Atlantic is getting their staff ready to report, "Is The Miraculous Agricultural Boom in North Dakota Already Over?"

Not much talk about the Buffalo Commons any more. 

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