08-12-16 NCGA: Record Yield, Production Forecasts Lower Prices for U.S. Corn…

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Record Yield, Production Forecasts Lower Prices for U.S. Corn

Statement on Today’s USDA WASDE Report

Chip Bowling, President, National Corn Growers Association

“Within recent days, we’ve heard a lot from both Presidential campaigns regarding issues that are important to rural America.  We’ve heard opposition to the Trans-Pacific Partnership and attacks on our trade agreements—at the very time that agriculture needs to open new markets.  We’ve heard support for expanding the use of renewable fuels—while American farmers are still battling decisions made by the U.S. EPA that undermine biofuels use.

Today’s World Agriculture Supply and Demand Estimates Report should be a wake-up call for both Presidential campaigns regarding the economic challenges facing farmers and rural America. 

Rural America needs help.  With prices for a number of crop and livestock commodities already below the cost of production, the potential losses in rural America will result in fewer family farms, fewer jobs, and economic hardship.  We need real solutions that help us access markets, expand biofuel use, and ensure a more sustainable future.”

Founded in 1957, the National Corn Growers Association represents more than 40,000 dues-paying corn farmers nationwide and the interests of more than 300,000 growers who contribute through corn checkoff programs in their states. NCGA and its 48 affiliated state organizations work together to create and increase opportunities for corn growers. For more information, visit www.ncga.com.