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.
The Federal Reserve Bank of Kansas City publishes several good Ag related articles each year. They recently did a quick snapshot of the US Ag Economy and one of the slides represented the current corn production for the world.
The graph showed the actual production for 2009 and the anticipated production assuming each country would use our corn technology.
Current world production for 2009 was slightly greater than about 27 billion bushels. If each country could adopt our corn technology, it is projected that corn production would be about 50 billion bushels.
Sub-Saharan Africa could go from about 2 billion bushels of production to over 12 billion bushels alone.
Therefore, even though the world's population will continue to grow, it should be able to handle the growth for many years by just taking advantage of the technology that we have now.
I hate to be nit picky, but I went to the graphs and they were making the assumption that the yields on the foreign acres would be the same as in the US if they used that technology. They just don't have the soils or the weather that we have to make that even close to possible. That is with a few exceptions, of course, like maybe the Ukraine, or maybe some aprts of Asia. I suppose some of the more marginal acres could come into production in other countries, but perhaps they are already using those acres. Or , more precisely , that is only what they have is marginal acres. So, I think the possibility of World production doubling is not even possible. BTW, I enjoy your blogs a great deal. Keep it up. gbosfarm