Analyst Says Iowa Likely Will Have to Import Corn
Posted at: 07/24/2013 10:15 AM
DES MOINES, Iowa (AP) - An analyst says Iowa will likely have to import corn to meet the demand of ethanol producers and livestock operations.
Iowa is the nation's top corn-producing state, but The Des Moines Register reports economic policy analyst Ross Korves says a delay in spring planting due to flooding and last year's reduced yields due to drought mean the state won't have enough corn to meet demand.
Korves works for Michigan-based ProExporter Network and spoke Tuesday at an Iowa Farm Bureau Federation event in Ames.
Korves says forecasts call for 149 bushels an acre this year. That's better than last year but far below the state's normal output.
The reduced yield comes as ethanol plants are resuming full production and poultry and pork operations see a small expansion in their operations.
Information from: The Des Moines Register, http://www.desmoinesregister.com
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