NEWS
Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Fri Mar 27, 2015 01:25 PM CDT

Just a few years ago, Ukraine boasted some of the world's most profitable grain farms. Institutional-scale agribusinesses--some approaching 1 million acres-- accounted for more than 25% of the Former Soviet Union's output. Money from as far as China, the Middle East and European stock markets also helped add 21.7 million new acres of Black Sea crop production since 2005, versus just 9.8 million acres in the U.S. That growth spurt also led seed companies to believe Ukraine could easily double corn yields. USDA expected it to soon displace Argentina as the world's second largest corn exporter, after the U.S.

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