Economist: Record corn crop possible despite drought

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

U.S. corn production, slashed dramatically by drought in 2012, could rebound to a record-large crop this year if yields improve moderately, said an agricultural economist from Texas A&M University on Monday.

The economist, David Anderson, also said pork production could top beef in 2014, pushing beef into third place in U.S. meat production. Poultry and pork production are on the rise while beef is held back by high feed costs and drought-damaged grassland.

"What we're trying to do is make it to the next crop," Anderson said, describing how livestock producers face several more months, at a minimum, of tight feed supplies.

High commodity prices will encourage farmers to plant roughly as much corn as last year, he said, and with higher yields, "you get a record crop," with lower prices that will ease the financial squeeze on livestock producers.

During a presentation at the annual American Farm Bureau Federation meeting, Anderson said corn plantings were likely to match the 97 million acres of 2012 and yields could run around 150 bushels an acre. With an average amount of abandonment, that would bring a crop of 13.4 billion bushels, topping the record of 13.092 billion bushels in 2009.

Large plantings allow a record crop even with below-average yields, said Anderson -- "It just doesn't have to be as awful as last year." The 2012 crop averaged 123.4 bushels an acre.

U.S. corn and soybean production as fallen for three years in a row with harsh weather pulling down yields. Drought persists in the Plains and western Corn Belt although rainfall levels in the eastern Corn Belt are improving.

On Sunday, Chad Hart, an Iowa State University agricultural economist, said corn, soybean and wheat yields "will likely remain below trend line in 2013" but production totals could "bump up." He did not suggest harvest size.

Demand for U.S. meat will be stable to growing this year, with beef output falling and production of poultry and pork rising, said Anderson. Pork exports are booming.

"I think it certainly could happen," Anderson told reporters, for pork output to exceed beef in 2014. "They're very close at that point."

Beef production may begin to rise in 2015, he said, responding to high market prices.

The U.S. Agriculture Department projects a decline in beef production while pork increases this year to within 6 percent of beef's total -- 24.8 billion lbs for beef vs 23.3 billion for pork. Poultry was forecast at 43.3 billion lbs in a USDA report last week.


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


1325 Bushel Grain Cart

Equipped with a 22” computer balanced auger with 5/16” flighting,the unloading speed is 50% faster than smaller grain carts with ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form