Trends in World Corn Production

by Brent Gloy

Following last week’s analysis of the trends in global corn consumption, this week we look at global corn production.  We examine which countries are the most important corn producers and how production area and yields have changed.  Much like corn consumption, a small number of countries dominate corn production.  This makes what happens in these countries particularly important to corn supplies in the short and long term. Continue reading

Trends in Corn Consumption

by Brent Gloy

Increases in agricultural productivity and aggressive expansion of cropland acres have made increased demand growth critical to improving the economic situation in agriculture.  With that in mind we thought it would be interesting to look at some of the trends in global corn consumption. Continue reading

2017 Net Farm Income Forecasted Lower, But Conditions Better Than a Year Ago

By David Widmar and Brent Gloy

Last week the USDA provided an update on net farm income estimates, including the first look at 2017. With this report, the USDA confirmed net farm income would be lower for the fourth consecutive year. However, the USDA’s latest estimates were not all bad news. This week’s blog post analyzes the latest USDA estimates and why conditions in 2017 are better than the outlook a year ago. Continue reading