National Corn Growers Association Calls for Action Amidst Record 16.7-Billion-Bushel Corn Crop Projected

Strategic Insights -

The National Corn Growers Association (NCGA) is intensifying its call for action from Congress and the administration as the U.S. Department of Agriculture's World Agriculture and Supply and Demand Estimates report projects a record 16.7-billion-bushel corn crop this year. This projected crop, coupled with record-low corn prices, is threatening the livelihoods of farmers. Illinois farmer and NCGA President Kenneth Hartman Jr. emphasizes the need for market-based solutions to increase corn demand. The NCGA is urging Congress to pass pending E15 legislation, allowing for year-round consumer access to higher blends of ethanol, and the Trump administration to quickly broker deals that open new foreign markets for corn.

Key Takeaways:

  • The U.S. Department of Agriculture's latest World Agriculture and Supply and Demand Estimates report projects a record 16.7-billion-bushel corn crop for 2025, with an average yield of 188.8 bushels per acre.
  • The projected crop is 1.4 billion bushels above the current production record set in 2023, a 9.1% increase.
  • The NCGA estimates that passing legislation authorizing year-round consumer access to 15% ethanol blend (E15) would generate demand for an additional 457 million bushels of corn.
  • The NCGA is pushing for the administration to quickly broker additional deals with countries such as India, Vietnam, and Kenya, which are strategically important markets for U.S. corn growers.
  • Illinois farmer and NCGA President Kenneth Hartman Jr. emphasizes that the situation is dire and new market demand is the only way to dig out of the current crisis.
  • The current record-low corn prices are causing significant financial struggles for farmers, with corn growers marketing their corn for extremely low prices.

Statistics:

  • Record 16.7-billion-bushel corn crop projected for 2025 (Source: U.S. Department of Agriculture's World Agriculture and Supply and Demand Estimates report)
  • Average corn yield projected for 2025: 188.8 bushels per acre (Source: U.S. Department of Agriculture's World Agriculture and Supply and Demand Estimates report)
  • Increase in projected crop compared to current production record: 1.4 billion bushels (Source: U.S. Department of Agriculture's World Agriculture and Supply and Demand Estimates report)
  • Percentage increase in projected crop: 9.1% (Source: U.S. Department of Agriculture's World Agriculture and Supply and Demand Estimates report)
  • Potential additional demand for corn through E15 legislation: 457 million bushels (Source: National Corn Growers Association estimates)

Sources:

  • National Corn Growers Association (NCGA)
  • U.S. Department of Agriculture's World Agriculture and Supply and Demand Estimates report