The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Paul is now part of the fourth generation in America that is involved in farming and hopes the next generation will be involved also. Through his blog he provides analysis and insight to farmer tax questions.
Continuing our post from yesterday:
Most of the growth in the future will continue from South America and the Black Sea area, although at some point, Africa will start to dramatically increase their acres (if they can solve their infrastructure and other issues).
When total corn ethanol acres is about 1% of total world crop acreage and Brazil sugarcane is about the same, I find it interesting to think that grain prices will drop dramatically simply if we eliminate the ethanol acreage. The total increase over the 10 year period is about the increase in world production for less than 6 months.
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