Enough Seed for Spring Planting



 
The Iowa Corn Promotion Board, USDA and Monsanto report that farmers in the United States will have enough seed to plant this year’s crops. To the contrary, The Wall Street Journal reported that farmers were facing a shortage of seeds. According to the publication, demand for U.S. grain may increase as dry weather caused by La Nina threatens harvests in Argentina and Brazil.

Kevin Rempp, vice chairman of the Iowa Corn Promotion Board, says - we have not heard of anything that shows there’s any kind of seed-supply problem at all. Rempp emphasizes - the only way acreage will not be planted will be weather issues. An adequate supply of seed may help farmers increase acreage in the U.S., which accounts for about 44 percent of the world’s corn trade.

Bill Tierney, the chief economist at Chicago-based AgResource Company believes - some farmers won’t be able to buy their first choice, but there would be no statistically significant impact on corn seedlings or on corn yields. Tierney recalled that - many times I’ve heard about this possibly being a problem. It never materialized.


Filed Under :  
Topics: Business_FinanceEnvironment
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Locations: Chicago
People: Bill TierneyKevin Rempp




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