Quantcast
  Free Trial!
  Today’s Best Stocks!   



Stocks

Trading Ideas

Short Term
Long Term
All Trading Ideas


Trading Lessons

Strategies
Courses
Interviews
Glossary
All Trading Lessons


Daily Stock Setups

Connors Daily Battle Plan
Haggerty Professional
Kaltbaum Intra-day Set-ups
Short Term PowerRatings
Long Term PowerRatings
TM Indicators


Trading News

Markets Updates
Technical Alerts
Breaking News


PowerRatings

Short Term
Long Term
Charts


Indicators

Stocks
Market Bias


Quotes

Markets
Stocks
Charts
Level II
Historical Data
Options


Trading Contests

Up or Down


 
State farmers to plant more corn
Sunday, May 11, 2008; Posted: 10:24 AM
Stocks RSS
May 11, 2008 (Reading Eagle - McClatchy-Tribune Information Services via COMTEX) -- -- Farmers across the country are expected to plant 8 percent fewer acres in corn this year than in 2007, but Pennsylvania farmers will plant 1 percent more corn than last year, according to a crops expert in Penn State's College of Agricultural Sciences.

Nationwide, corn growers intend to plant 86 million acres of corn for all purposes in 2008, said Greg Roth, professor of agronomy.

The corn price outlook remains strong, due in part to the continued expansion in ethanol production. Corn acreage in 2007 was the highest since 1944.

Pennsylvania farmers intend to plant 1.43 million acres of corn this year, compared to 1.41 million acres in 2007.

Pennsylvania is a corndeficit state that is home to extensive animal agriculture, Roth noted.

"We feed a lot of animals, and farmers here are especially sensitive to the price of corn because they import a significant amount," he said. "So if they have a chance to offset some of those higher prices by growing their own corn, they are going to do that."

Another factor in the corngrowing equation, Roth explains, is that Midwest farmers are facing high nitrogen-fertilizer costs.

"But in Pennsylvania, we have the opportunity to reduce some of these production costs because we can offset some fertilizer costs with animal manure," he said. "We are also seeing more manure being exported to grain farms and the value of that manure has grown in accordance with its nutrient value."

Growing corn in rotation with alfalfa and other soil-nitrogen-fixing legumes also reduces the need for fertilizer, Roth said.

"In many of our extension programs this winter, tactics for improving the effectiveness of fertilizer use and controlling costs in corn production was a hot topic," he said.

Agricultural experts expect the acreage planted in virtually all crops to be increased in Pennsylvania this year.

Higher commodity prices have one positive side, Roth said. The price of corn has been low for many years, which reduced the incentive for planting, he said.

Commodity prices were so low that farmers had to be subsidized to grow them, and that created low world prices that discouraged farmers from growing them in other countries.

To see more of the Reading Eagle, or to subscribe, go to http://www.readingeagle.com. Copyright (c) 2008, Reading Eagle, Pa. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

Morning Coffee with TradingMarkets -- Free Newsletter

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Stocks RSS





PREMIER SPONSORED LINKS
TRADE CENTER

The TradingMarkets Directory
Stocks
Quotes
Charts
How to Trade
Commentary and Analysis
PowerRatings
Training Classes
Tools
Stock Scanner
Daily Market Bias

Options
Quotes
Charts
How to Trade
Commentary and Analysis

Forex
How to Trade
Forex Momentum Index
Pivots

E-mini/Futures
Quotes
Charts
How to Trade
Daily Market Bias

How to Trade
Stocks
Options
Forex
E-mini/Futures
Glossary

Tools
Short Term PowerRatings
Long Term PowerRatings
Stock Screener
Quotes & Charts
Stock Indicators
Market bias Indicators

PowerRatings
Short Term PowerRatings
Long Term PowerRatings
Industry PowerRatings
PowerRatings Charts
Training Classes
PowerRatings Strategies
Search PowerRatings

Trading Contests
Up or Down Stock Contest
#1 - Win $1000 every month

Up or Down Forex Contest -
Win $1000 every month


Premium Subscription Services
Short Term PowerRatings Free Trial
Long Term PowerRatings Free Trial
TradingMarkets Subscription Free Trial
Daily Battle Plan Free Trial
Gary Kaltbaum - Intraday Breaking Alerts Free Trial
Kevin Haggerty Professional Trading Service Free Trial
Forex Force with Mark Whistler Free Trial

RELATED SITES
Nothing but forex





All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.