Global Grain Shortage - Wake Up America

Grain shortage

U.S. farmers called to plant more acres

JANUARY 24, 2011

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Grain production shortages around the world , high grain prices are calling f0rAmerican farmers to plant every acre they can this spring, the Wall Street Journal reported.

Farmers will need to sow an additional 10 million acres to boost supplies 0f several crops. Supplies are expected to drop to 15-year lows f0rcorn , more than 40-year lows f0rsoybeans, according to the U.S. Department 0f Agriculture.

Corn is trading at about $6.40 a bushel , soybeans at more than $14 a bushel, the Journal reported. Although the prices may dampen dem, somewhat, low global supply will require the largest U.S. planting in a decade.

Analysts are calling f0r327 million acres to be planted, which will require converting animal grazing pastures to cropland, sowing marginal lands, in some cases planting an acre twice in the same year , planting under questionable weather conditions.

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