roarintiger1 - 8/28/2016 09:52
coup - 8/28/2016 10:24
No need to cut acres, everybody needs to plant cheap NGMO seed corn. From what I read on here looks like a 20-30 bu yield hit is what a lot of folks think they will take.
Using 25 bu less production x 86.6 million acres=2.165 bu reduction in corn production. Am far from any expert, but would guess with that type of number corn price would probably @ least be in the $5-$6 bu area.
$3.50 ave price x 15 billion bu = $52.5 billion
$5 ave price x 13 billion = $65 billion +$40 acre seed savings x 94 million acres =$3.8 billion $68.8 billion
Cost savings to produce 2 billion less on Fertility @ $.50 cents per bu , plus $.45 bu savings dry, handle, store, and truck = $1.9 billion.
$68.8 billion + $1.9 billion= $70.7 - $52.5 billion = $18.2 billion loss
Looks like a far bigger hit to us NGMO raisers than the Viptera- China deal.
You go first. :
)
Since I am already planting 100% NGMO corn I have met the challenge, the ball is now in your court.