Posted 6/28/2020 11:41 (#8341237 - in reply to #8340745) Subject: RE: Long term corn outlook.
In ten years all inner city cars will be electric. In 25 years all long haul trucks will be electric. Corn shifted from a feed source to an energy source and pricing reflects that. Our food source has changed to a high percentage of processed foods. Animal agriculture has become industrialized. Over time genetically engineered chickens will replace ruminant animals as a meat source simply because of the efficiency of the feed conversion. So where does that take corn which is one of the most modified crops on the planet. To sum it up the whole ag/food/energy system has made a paradigm shift in the last ten years. Even large farms have become highly organized and efficient low cost producers. Here are some thoughts. The marginal lands need to go back to what they were and not crop production. Federal Crop insurance is actuarily not sound and needs to be eliminated and be replaced with wind/hail/green snap private policies. Over time soybeans will over take corn acres and we will see more specialty varieties with premiums and contractual arrangements with end users . We need to quit this tariff war. It is sending ag into an economic disaster. Wow, I said a mouth full here but I predict in twenty years it will all be true.