More Corn Expected This Year

Corn prices topped 8-dollars last summer and that is expected to encourage an expansion in planting of corn this year. As a result, USDA predicts the price of corn could fall 20 percent and the stockpile could double. USDA expects farmers will plant 94-million acres of corn this year. That’s about 2-million acres more than last year. That would be the largest area planted to corn since 1944. This information is found in a report released during the annual USDA outlook conference held last week.

Meanwhile, farmers are paying closer attention to their marketing strategies. Some are storing some of their harvest, rather than selling it. Analysts believe keeping the on-farm storage bins full is helping keep corn prices relatively high. About 64 percent of the nations’ corn supply is now being held by farmers. That’s up from 62.7-percent about one year ago. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.