USDA Report Good News for Ethanol

Cindy Zimmerman

NASSThe USDA Planted Acreage report out Monday was good news, although it does not yet reflect the damage from Midwest flooding.

Corn planted area is reported to be 1.31 million acres more than was estimated in the March intentions report at 87.3 million acres, down just 7 percent from last year. That is the second highest since 1946, behind last year’s total of 93.6 million acres. If it were all to make it, growers would harvest 78.9 million acres for grain, down 9 percent from 2007 and the second highest since 1944.

RFAPutting the acreage report in context with respect to America’s ethanol industry, Renewable Fuels Association President Bob Dinneen said it shows how American farmers are capable of meeting the growing demand for feed, food, fiber and fuel.

“This report once again demonstrates that together with agriculture, American ethanol producers can help lead this nation in new, renewable energy direction,” said Dinneen.

National Corn Growers Association chairman Ken McCauley says his corn in Northeast Kansas looks good right now and it’s important to remember that there is plenty of corn being grown outside of Iowa.

“I tell you what, everybody is going to produce some corn,” McCauley said. “Iowa will produce a lot of corn and when you get down to it we’re gonna have a good corn crop and it could even be one of the better one or two or three.”

Listen to an interview with Ken here:

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