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December 2, 2008 10:04:53 PM CST


corn belt

corn belt news stories

3 Stories

 Midwest Awaits
 Bumper Corn Crop

Ideal growing weather wipes out flood fears

(Newser) - America's farmers are on track to deliver the second-biggest corn harvest ever despite June floods, according to the Department of Agriculture. Shortages were predicted after severe flooding swamped fields, but the Midwest has had ideal corn-growing weather since, the New York Times reports. A healthy soybean crop is also expected. More »

More about:  agriculture farming farmer corn crops farm Department of Agriculture soybeans harvest corn belt

 Floods Cloud Biofuel Future 

Ruined Midwest crops spark worries about fuel supplies

(Newser) - The floods that swamped the corn belt last month have raised fresh fears about the future of biofuels, the New York Times reports. The ruined corn crop has sent the price of ethanol soaring, and experts worry that unpredictable weather could lead to future spikes in the price of energy as destabilizing as those caused by turmoil in oil-producing countries. More »

More about:  biofuel ethanol corn crops energy policy Midwest floods corn belt

Corn May Be Recipe for Disaster

Drought would ripple through US economy

(Newser) - The US is becoming so dependent on corn that a drought would have catastrophic effects that would ripple throughout the economy, reports the LA Times. Corn is essential as staple livestock feed, artificial sweetener, and a basic component of ethanol. A "corn shock" could lead to $5 gas and $3.50 eggs, economists warn. "We are replacing price volatility from the Middle East with Midwestern weather price volatility," said one analyst. More »

More about:  US economy ethanol corn wheat grain corn shock Wells Fargo & Co Soy corn belt Earth Policy Institute corn syrup

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