Analyst Predicts Corn Rationing in 2008

[lonestarnot]

March 31, 2008, 2:18PM

© 2008 The Associated Press

NEW YORK — A BB&T Capital Markets analyst said Monday corn rationing may be necessary this year, following a U.S. Department of Agriculture report predicting farmers would plant far fewer acres of corn in 2008.

According to the March Prospective Plantings Report, farmers intend to plant about 86 million acres of corn this year, down 8 percent from 2007, when the amount of corn planted was the highest since World War II.

Analyst Heather L. Jones said in a note to investors if the USDA estimate proves accurate, the year may produce just 200 million bushels of corn. That, she said, wouldn't be enough to meet demand, given current export and feed demand trends and higher ethanol demand. Both ethanol and animal feed are made with corn.

http://www.chron.com/disp/story.mpl/ap/fn/5662307.html

[soothsayer]

1. Why on earth are farmers planting less? Hope it's the end of high fructose corn syrup

anyway. let's go back to sugar.

[lonestarnot]

2. Bushitler's after mo money and fake food shortages.

[NickB79]

8. High fuel prices, high fertilizer prices, and you have to rotate crops

Or you kill the soil.

[SoCalDem]

3. Uh-oh..now you've done it.. I am suddenly craving

kellogg's Corn Pops :)

[lonestarnot]

4. Popcorn!

:popcorn:

[grasswire]

5. cat chow shortage?

Hmm. This could be interesting with five cats in the house.

[lonestarnot]

6. We need some good cat food recipes.

I don't know how much corn is in fancy feast, guess I better check.

[Wilms]

7. That could be a problem...

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