date:Jul 14, 2014
farmers are boosting production after wheat and corn fell into a bear markets this year, reducing feed costs. Output will rise 2.4 per cent to 206.1 billion pounds, according to the USDA. A second straight record corn harvest will increase domestic stockpiles to the highest in nine years, helping to boost net-cash income for dairy farmers by 28 per cent, the USDA predicts. Corn prices tumbled 26 per cent in the past year.
In the case of Europe and the US, production will expand based on the pr