World Corn Production Could Double Using US Methods!
The Federal Reserve Bank of Kansas City publishes several good Ag related articles each year. They recently did a quick snapshot of the US Ag Economy and one of the slides represented the current corn production for the world.
Current world production for 2009 was slightly greater than about 27 billion bushels. If each country could adopt our corn technology, it is projected that corn production would be about 50 billion bushels.
Sub-Saharan Africa could go from about 2 billion bushels of production to over 12 billion bushels alone.
Therefore, even though the world’s population will continue to grow, it should be able to handle the growth for many years by just taking advantage of the technology that we have now.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
Happy thought for the holidays…
From Paul Neiffer: “World Corn Production Could Double Using US Methods!” We lost Norman Borlaug this year, but his legacy……