Tuesday, October 23, 2012

Farmers expect better next year after the summer drought record leads to higher prices and provides surface tension


Des Moines, corn fields seem surprisingly green. Midwest produces half of the corn crop in the world and especially Iowa, even in the midst of the worst drought in living memory while the untrained eye can see the brown casual brand, like a cigarette burn on the mat a pool table.

But appearances can be deceiving.

in Boone, Iowa, 30 miles from the state capital, traffic supported 200,000 miles to agricultural progress, the United States the largest agricultural fair. In this case, only talking about the drought.

Pam Johnson, senior vice president of the National Corn Growers, says he can not remember one as bad as this in 40 years of farming. "My parents say I have to go back to the 1930s at all comparable," she said. In June, his farm in northern Iowa has a half-inch of rain. "They are usually one week. In July, we have seven tenths of an inch for the month. "Rain can be soon, thanks to Hurricane Isaac, but it is too late for the corn crop in the United States.

United States

97m hectares of corn planted for harvest this year - the highest since 1937. If all goes as planned, the harvest of this year saw a new record of nearly 15 billion bushels of corn (a bushel is 24 million metric tons). It is too early to say what the outcome will be, but the U.S. Department of Agriculture has reduced its forecast of $ 10.8 billion. Dan Basse, president of AgResources analyst independent agriculture, says that this figure is likely to fall. "We lost 4 billion bushels of corn. It is the biggest loss in history, and we lose another, "he said. The USDA said counties in 38 states that are "affected areas". Approximately 72% of farming areas affected by drought.

corn prices at record levels, suggesting that corn growers could be one of the few winners in this situation. However, many have sold their harvest before the drought struck the country, and those who have less corn for sale now.

But for the livestock industry, not enough. Jeff Erb, a Boone County farmer who grows a few kilometers from the series, said he has not seen a dry summer since 1985. "It was not so bad," he said. "Temperatures pushed 109 or 10 days after the other. Streams are dry pastures have been since June

"Many of you have used their winter supplies this summer."

cost of corn is $ 8 a bushel - double what they paid last year. Large round bail of hay cost $ 150 - $ 160 - price as last year two. And while their costs have skyrocketed, it is unlikely that farmers will put their prices up. "We do not control everything," he said.

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