NEWS
CBO Projects Record Corn Crop
Chris Clayton DTN Ag Policy Editor
Wed Feb 6, 2013 04:59 PM CST

OMAHA (DTN) --- The Congressional Budget Office projects a record corn crop in 2013, a near-record soybean crop and lower prices for both.

In an early projection of crop production and the costs of government farm programs, the CBO forecast average corn prices at $4.51 per bushel next fall because farmers will plant 97 million acres with an average yield 161.5 bushels per acre and produce a 14.5 billion bushel corn crop.

CBO's numbers steal some thunder from USDA's forecasts set to be released next week leading up to the USDA Outlook conference set for Feb. 21-22.

The CBO ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories
WOTUS Conflict Hits Boiling Point
Ag Policy Blog
WOTUS Live in Some States
Washington Insider - Friday
WOTUS Injunction Granted
EPA: WOTUS Enforcement Begins Friday
Ag Policy Blog
WOTUS Injunction Rejected
Washington Insider - Thursday
Washington Insider