Tag: Exports

Study: Corn exports add $74.7 billion to the U.S. economy

Exporting corn and corn products doesn’t just help improve a farmer’s bottom line, it provides a jolt to the entire U.S. economy. A new study from Informa Economics concluded that the export of U.S. corn and corn products generated $74.7 billion in annual economic output in 2014.

Sales of all U.S. grain feed products contributed $82 billion. The U.S. gross domestic product was boosted by $29.8 billion thanks to the export of corn and corn co-products.

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Market drives planting intentions: Some stick with the tried and true while others try to reduce costs

Pestorious.2015-0693A quick (unscientific) survey of Minnesota corn growers reveals that the market is very much behind the decision-making process, but for some that means staying the course, while others seek means to lower their costs.

Myron ‘Mickey’ Peterson, who farms with four brothers in Sacred Heart, Minn., says they plan to stick with what has been working for them for a number of years: the same corn and soybean varieties, planted in a 50/50 rotation on about the same amount of land — roughly 3,000 acres among the five partners.

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Commodity Classic draws largest crowd ever down to the Big Easy

Written by Jonathan Eisenthal

Better farm prices are right around the corner and farmers, the eternal optimists, want to be ready.

So this year, at Commodity Classic — the annual gathering of the National Corn Growers Association, American Soybean Association, National Association of Wheat Growers and National Sorghum Producers — for the first time ever included the Association of Equipment Manufacturers, who brought an expanded trade show exhibition.

“You could spend a whole day and not get through it — it was maybe one-third bigger than previous trade shows,

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