When USDA issued its World Ag Supply and Demand Estimates (WASDE) report on July 12, it noted that in 2011 it expects corn for ethanol to exceed the amount used in animal feed for the first time ever.
The agency projects that 5.05 billion bushels of corn will go into the production of ethanol, while 5 billion bushels will be headed to the feed market. USDA projected this trend will continue throughout 2012, as well.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
