TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

USDA: Highest corn acreage since 1936 expected

Daily Photo Galleries

Business Photo Galleries

By The Associated Press
Friday, March 29, 2013, 12:01 a.m.
 

USDA: Highest corn acreage since 1936 expected

Farmers intend to plant 97.3 million acres of corn this year, the most since 1936, the USDA's spring planting survey said Thursday. The survey said the 2013 corn planting forecast is up slightly from last year's 97.2 million acres. Corn remains profitable, as prices are holding strong at around $7 per bushel after last year's severe drought left the grain in short supply. In a separate report, the USDA said corn stocks fell 10 percent from a year ago to 5.40 billion bushels. Record corn acreage is expected in Arizona, Idaho, Minnesota, Nevada, North Dakota, and Oregon. And Iowa, the nation's leading corn producer, will plant an estimated 14.2 million acres in corn, the same as last year.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. EQT posts $110.9 million profit in latest quarter
  2. Rising number of health care workers have less than 4-year degree, study shows
  3. Health insurers will refund $5.2M to Pa. subscribers, group plans
  4. Dick’s cuts PGA professionals as golf business declines
  5. Study: Google dominates driverless car buzz
  6. Europe thirsts for U.S. craft beer
  7. Federal appeals courts disagree on Obamacare subsidies
  8. U.S. growth weakest since recession, IMF says
  9. 10 million Americans sought help to enroll in Obamacare
  10. Social Security spent $300M on ‘IT boondoggle’
  11. 1,600 StubHub accounts breached, N.Y. official says
Subscribe today! Click here for our subscription offers.