Farmers in the US state of Georgia, are expected to plant approximately
170,000 additional acres of corn this year to help supply the increasing number
of ethanol plants.
With corn prices soaring to US$4.04 per bushel, the best corn prices in a
decade, Georgia's acreage is expected to jump about 38% from 280,000 acres
(113,312 hectares) last year to 450,000 acres (182,109 hectares) this
Higher corn prices have already resulted in higher feed costs for poultry
and beef producers, and farmers have responded by reducing production, in turn
creating higher prices for consumers
Experts believe farmers will plant fewer peanuts and less cotton to
accommodate the larger corn crop and they may produce more soybeans, a source of
oil for another alternative fuelâ€” biodiesel. According to economist John
McKissick, director of the University of Georgia's Center for Agribusiness and Economic
, "We've also got to recognize that this opportunity also is a
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