- Joined
- Jan 3, 2009
- Messages
- 2,605
- Points
- 0
US Economy will rise due to huge overseas demand for food produce.
U.S. Agricultural sector is projected to boom in 2010. US Economy to rise due to huge demand in China and India.
The U S crop demand is projected to rise due to huge demand in the world.
This year China and India, the world's most highly populated country's, drought has been a huge problem. Also, recent floods in Bangladesh have destroyed large amounts of crops. Rising population worldwide and production of energy from crops would affect a rise in demand and prices.
The U.S. Agricultural sector is projected to boom due to rising demand of crops.
The United States is more than able to continue supplying domestic and international customers with necessary feed grains, according to the U.S Grains Council, the leading organization for developing export markets for barley, corn, sorghum and their co-products.
At the same time, barley, corn and sorghum growers can rest assured that exports are making a critical contribution to the disappearance of grains and their co-products, according to USGC President and CEO Ken Hobbie.
The USDA projects U.S. feed grain supplies for 2009/2010 higher with corn production more than offsetting a reduction in supplies as 2008/2009 corn exports are raised 50 million bushels.
Corn production for 2009/2010 is projected at 12.8 billion bushels, up 471 million as higher forecast yields (153.4 bushels per acre to 159.5 bushels per acre) more than offset a small reduction in harvested acres.
The report stated U.S. corn supplies are projected at a record 14.5 billion bushels, up 134 million bushels from the previous record set in the 2007/2008 marketing year.
Corn exports are projected 150 million bushels higher "reflecting reduced foreign production prospects and stronger expected import demand from Mexico and Taiwan" said Mr. Hobbie.
Sorghum production was raised slightly from 380 million bushels to 381 million bushels. Barley was raised from 203 million bushels to 207 million bushels. Sorghum and barley exports are projected to remain steady due to stable demand in Mexico and the Asian markets.
U.S. Agricultural sector is projected to boom in 2010. US Economy to rise due to huge demand in China and India.
The U S crop demand is projected to rise due to huge demand in the world.
This year China and India, the world's most highly populated country's, drought has been a huge problem. Also, recent floods in Bangladesh have destroyed large amounts of crops. Rising population worldwide and production of energy from crops would affect a rise in demand and prices.
The U.S. Agricultural sector is projected to boom due to rising demand of crops.
The United States is more than able to continue supplying domestic and international customers with necessary feed grains, according to the U.S Grains Council, the leading organization for developing export markets for barley, corn, sorghum and their co-products.
At the same time, barley, corn and sorghum growers can rest assured that exports are making a critical contribution to the disappearance of grains and their co-products, according to USGC President and CEO Ken Hobbie.
The USDA projects U.S. feed grain supplies for 2009/2010 higher with corn production more than offsetting a reduction in supplies as 2008/2009 corn exports are raised 50 million bushels.
Corn production for 2009/2010 is projected at 12.8 billion bushels, up 471 million as higher forecast yields (153.4 bushels per acre to 159.5 bushels per acre) more than offset a small reduction in harvested acres.
The report stated U.S. corn supplies are projected at a record 14.5 billion bushels, up 134 million bushels from the previous record set in the 2007/2008 marketing year.
Corn exports are projected 150 million bushels higher "reflecting reduced foreign production prospects and stronger expected import demand from Mexico and Taiwan" said Mr. Hobbie.
Sorghum production was raised slightly from 380 million bushels to 381 million bushels. Barley was raised from 203 million bushels to 207 million bushels. Sorghum and barley exports are projected to remain steady due to stable demand in Mexico and the Asian markets.
