Date: January, 2009
Abstract: United States (U.S.) farmers are constantly in pursuit of higher yields through the use of key crop inputs. Higher grain prices intensified this process as U.S. net farm income reached a record high in 2008 (see Figure 8.1). But the story will become more complicated in 2009. A number of factors are driving up the cost of production while grain prices are leveling off. This will make a repeat of 2008 profit levels unlikely. However, the fundamental story of rising demand remains intact and will ...
Research Type: Archived N. Am. Outlook