Record-breaking Crop Year

No surprises here.


2007 CORN CROP A RECORD BREAKER, USDA REPORTS - Cotton, Rice Yields Hit All-Time Highs


WASHINGTON, Jan. 11, 2008 – The 2007 U.S. corn crop was one for the record books, with 13.1 billion bushels of production eclipsing the previous high, set in 2004, of 11.8 billion bushels, according to the Crop Production 2007 Summary released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). The 2007 production level was up 24 percent from 2006.

Driven by favorable prices, growing ethanol demand and strong export sales, farmers in nearly all states increased their corn acreage in 2007. Planted area, at 93.6 million acres, was up 19 percent from 2006 to the highest level since 1944, when...(complete article here).