FARM BUSINESS NEWS
Minding Ag's Business
Elizabeth Williams DTN Special Correspondent
Tue Aug 26, 2014 01:26 PM CDT

Agricultural economists from around the world met in Des Moines last week to assess global competitiveness of the world's key corn and soybean producers. Using 2011 data, Brazilian soybean farmers and Ukrainian corn farmers scored highest profit margin, with a typical U.S. farm in Iowa coming in second ahead of Argentina for both corn and soybeans and ahead of Brazilian corn producers.

Why wasn't the U.S. first? "In the U.S., as profits increase, so do land costs for American farmers," explained Yelto Zimmer, a senior crop economist at the Thuenen Institute of Farm Economics in Germany. He coordinates the global ...

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