Unrest in the Middle East and North Africa, among other factors is contributing to a lot of market volatility and that has many ag producers worried these days. Josh Snellings, VP of Southeast Grain & Feed Association, and works for Palmeto Grain in Ridgeland, SC. Snellings told Rhonda Garrison farmers are looking for answers:
"We're getting phone calls every day about acres, about volatility, about the next price change in the market and it's becoming an everyday occurance for us."
Snellings made his comments at the Southeast Grains Conference in Charleston, SC
Former President Suggests Ethanol Connection to Food Riots
Speaking at USDA’s annual Outlook Forum, former President Bill Clinton warned that farmers shouldn’t use too much corn for ethanol. We must avoid food riots. In response, the Renewable Fuels Association pointed out – grain demand from American ethanol production represents just three percent of the world’s grain supply.
National Corn Growers Association President Bart Schott says, - every year, America’s farmers produce more than enough corn to meet all the needs of the expanding markets of feed, fuel and food both in the United States and across the world and the ethanol industry is no exception.
Ag Exports To Remain Strong
Ag exports are expected to reach a record 135.5-billion dollars in fiscal year 2011, that according to the USD's quarterly forecast for U.S. agricultural exports.