Managing for Profit
Corn growers deal with the soft economy
Corn is being grown below the cost of production, but there are several programs underway to help increase demand and disappearance of the crop that is about to be planted. National Corn Growers Association President Chip Bowling is one of those most concerned about the market price of corn. He says corn growers depend on livestock producers for demand, and for the past couple of decades, they’ve created demand through ethanol. Bowling, who farms in Maryland, says the big topic for corn growers during Commodity Classic and beyond is ethanol demand and its use. The other big topic is preserving crop insurance subsidies provided in the farm bill. In the midst of the struggling farm economy and depressed corn market, there are efforts by some to eliminate those federal subsidies, which Bowling says would be a mistake.
AUDIO: Chip Bowling (3 min. MP3)