FARMERS GROWING QUALITY CORN CROP IN 2014, MUST ALSO GROW MARKETS

AUGUST 2014

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(Posted Mon. Aug 18th, 2014)

The corn crop remains in strong condition according to the U.S. Department of Agriculture Report released today. With 72 percent of the crop rated good or excellent (as of August 17), corn maturation remains on-pace overall while quality continues to far surpass that seen in 2013, when only 61 percent remained in good to excellent condition at this time.

 

“Overall, the vast majority of corn growers see a corn crop in their fields that is well above average,” said NCGA President Martin Barbre, a farmer in Illinois. “Because corn farmers are expected to excel this year, producing quality crops in abundance, we have seen a decline in the price paid back to us. In some instances, the price now has fallen below that of production. This is a critical moment for farmers. We must speak up and make sure that the government does not take any action on our behalf to further jeopardize our markets or increase our cost of production. We must defend the Renewable Fuel Standard and stave off overly intrusive, unnecessary regulation. To build a better tomorrow, our markets must not just hold steady. They must grow. Modernized trade promotion authority legislation would help accomplish this by improving our nation’s ability to advance trade agreements that open markets for U.S. farmers.”

 

The crop progress report also tracks the stages of corn crop growth, with 70 percent in the dough stage and 22 percent dented, compared to a five-year average of 63 and 27 percent, respectively. Click here for an explanation of the stages.

 

Click here for the whole report on crop progress