Womack 2017 scott - FAPRI-MU...2016/17 corn returns surpassed by soybeans 550 500 450 350 300 250...

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U.S. Crops Scott Gerlt ([email protected]) FAPRI at the University of Missouri www.fapri.missouri.edu @FAPRI_MU (on Twitter) 2017 Abner Womack Missouri Agriculture Outlook Conference Poehlmann Educational Center, Bradford Farm March 17, 2017

Transcript of Womack 2017 scott - FAPRI-MU...2016/17 corn returns surpassed by soybeans 550 500 450 350 300 250...

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U.S. CropsScott Gerlt ([email protected]) FAPRI at the University of Missouri

www.fapri.missouri.edu@FAPRI_MU (on Twitter) 

2017 Abner Womack Missouri Agriculture Outlook Conference Poehlmann Educational Center, Bradford FarmMarch 17, 2017

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The baseline

• Assumes continuation of new 2014 farm bill– Allows re‐enrollment in 2019

• Assumes current trade agreements remain in place

• Incorporates known uncertainty

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10/11 12/13 14/15 16/17 18/19 20/21 22/23 24/25 26/27

Billion

 bushels

September‐August marketing year

Record corn production in 2016/17

Production Total use

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Thank you!FAPRI‐MU website: www.fapri.missouri.edu To contact me, Scott Gerlt:

573‐882‐1927 [email protected]


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