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> PS: Per acre corn yields are up something like 10x over the last 100years that's crazy vs a ~3x population increase. I agree. The increases in yield are just
by bequanna 12y ago
> PS: Per acre corn yields are up something like 10x over the last 100years that's crazy vs a ~3x population increase.
I agree. The increases in yield are just incredible.
You're right, ethanol production has just exploded in the past several years. Along with that, corn prices have increased along with ag. land prices.
As a result, farmers have done quite well for themselves over the past decade. It will be interesting to see what would happen if ethanol production were to decline substantially. I would argue that as we shift toward an electric powered auto fleet, this is inevitable. I think the only question is will it happen in 10, 20 or 30 years?