March 18, 2013
U.S. farmers are preparing to plant the most corn in nearly eight decades. According to a recent Bloomberg Commodities News article, American farmers are set to plant the most acreage of corn since 1936. Much of last year’s crop was ruined by drought, and adverse weather conditions have affected crops for the past three years.
Texas Tech University agricultural economics expert Darren Hudson said that since the demand for corn is still high, and drought conditions have subsided somewhat, producers anticipating a high price for the 2013 corn crop have shown an eagerness to plant as many acres as possible. But, he said, the larger amount of corn acreage could affect the cotton industry down the road.