Iowa farmers are apparently responding to the high demand — and high prices — for corn.
A USDA report issued this morning shows America’s farmers intend to plant 15 percent more ground with corn this season. In Iowa, the nation’s leading corn-growing state, farmers plan to seed nearly 14 million acres with corn. That is a 10 percent increase over last year.
The shift from soybeans to corn is prompted by the high demand the state’s growing ethanol industry has for corn — a demand that has driven the price of corn to a 10-year high.