DTN Ag Business Benchmark

Russians (and Others) Are Coming

In a major drought year, an irrigated Kansas farm and dryland farms from France, China, Iowa and South Africa contended for top yields in this global comparison by Purdue University and the von Thunen Institute of Farm Economics. But what Russia and Ukraine lack in yields they compensated for with land costs one-tenth of those in the West. (Chart courtesy of Purdue University)
Cheap land had trumped low yields for corn powerhouse Ukraine. Until Russia's annexation of Crimea, the former Soviet Union had been on track to make the FSU the world's No. 2 corn exporter.

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