The US produces 40% of the world's corn. On the 30th of June the US Department of Agriculture (USDA) made two significant announcements, which together with the news in July that Russian corn production was down 30% and exports from the country had been halted, made for great news for those investors who have chosen to invest in agriculture with a well-placed farmland investment.
The announcements from the USDA were important in that they noted both corn production was down, and also that fewer acres had been sown to corn. These factors had a marked effect on values, both of corn itself and therefore also of the land used to produce it.
The announcements from the USDA were important in that they noted both corn production was down, and also that fewer acres had been sown to corn. These factors had a marked effect on values, both of corn itself and therefore also of the land used to produce it.
