US farmers heading for record corn yields

Published 2024년 11월 27일

Tridge summary

The United States is set to achieve a record corn yield of over 12 tons per hectare this year, a significant increase from the yields of the 1940s, due to advances in agriculture. Over 90% of U.S. corn acreage is planted with genetically modified seeds, making the U.S. the world's leading corn producer. However, the U.S. faces growing competition in the global market, especially from Brazil, as China, a former major buyer of U.S. corn, has shifted its focus due to tariffs and trade disruptions. The most promising markets for U.S. corn are the Philippines, Indonesia, and India, and future prices are predicted to decline due to a potential record harvest, although a reduction in Chinese production could impact the global market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year, the United States expects a record corn yield of more than 12 tons per hectare. This was noted by Andrew Swanson, agricultural economist at the University of California at Davis (UC Davis). The expert analyzed the cultivation of corn in the country and assessed the prospects for the development of the global export market of the crop. Ot emphasized that in the 1940s, corn yields were six times lower. It has increased due to advances in hybrid seed genetics, biotechnology and precision farming. The advent of genetically modified (GM) corn varieties, first introduced to the market in 1996, allowed farmers to significantly increase production. Today, more than 90 percent of U.S. corn acreage is planted with genetically modified seeds that are resistant to pests and herbicides. “Corn is the most widely planted crop in the U.S., both in terms of acreage and production. U.S. producers harvest about 200 million tons of grain from more than 36 million acres, making the United ...

Source: UkrAgroConsult