Farmers Enjoy Record-High Corn Prices

1 decade 2 weeks 5 days ago December 28, 2006 Dec 28, 2006 Thursday, December 28 2006 Thursday, December 28, 2006 6:38:13 PM CST in News

"In general, we like high prices, but it comes at a cost because we have to balance the idea of livestock and grain," he said. "When you're involved in both industries, one's a positive and one's a negative. But in general, because of higher fuel costs and higher fertilizer costs, the higher prices for our commodity is a real positive thing."

Sweet corn, which is for human consumption, is different from corn used to produce ethanol. However, demand is growing for ethanol-producing corn and that has pushed prices to their highest in the past 10 years.

"Our prices are set by what's called the Chicago Board of Trade and we don't really have a chance to set the price that we want for production," said farmer Darin Schnarre. "We hope that it's a price that we can afford to produce it at."

Corn prices rose to $2.25 a bushel last year. Now, the average price per bushel is $3.93. Mid-Missouri producers said prices jumped so much this year because a hot, dry July reduced corn yields nationwide.

"We think there's good reason to expect that the current level of prices may well stay in place for quite some time to come because we have a lot of demand for ethanol in front of us, a lot of demand for corn for other purposes as well," said Patrick Westhoff, University of Missouri agricultural economist.

Westhoff said increased corn production will meet some of that demand in 2007.

More News

Grid
List
CAMDEN COUNTY - Deputies took a suspect who stabbed three people Sunday into custody without incident. The suspect is awaiting... More >>
6 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 10:20:00 PM CST in Top Stories
BOONE COUNTY - The northbound lanes of Highway 63 near Hinton Road were closed after the engine compartment of a... More >>
7 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 9:49:07 PM CST in News
JEFFERSON CITY (AP) — Rideshare services such as Uber and Lyft are hoping to expan d services to Missouri customers... More >>
9 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 7:50:00 PM CST in News
GRANBY (AP) — Anoth er Missouri school district is c onsidering whether to join 18 others that have adopted a... More >>
9 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 7:46:03 PM CST in News
COLUMBIA — Steven Hughes thought he found the perfect car for his family of five — until the title proving... More >>
11 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 4:59:00 PM CST in News
MARSHALL (AP) - Missouri authorities are searching for a suspected parole violator they say exchanged gunfire with a state trooper... More >>
12 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 4:27:00 PM CST in News
COLUMBIA - A break in at popular downtown restaurant Cafe Berlin forced the restaurant to close Sunday, according to a... More >>
14 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 2:19:00 PM CST in News
COLUMBIA - Mixed reactions came out of mid-Missouri Sunday as the weekend ice storm began to wind down. While... More >>
16 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 12:07:00 PM CST in News
LAKE OZARK - After being stuck indoors waiting for this ice storm to end, some people might be getting a... More >>
23 hours ago January 15, 2017 Jan 15, 2017 Sunday, January 15 2017 Sunday, January 15, 2017 5:42:00 AM CST in News
MONTGOMERY COUNTY - A man died at the hospital after a car crash on I-70 Saturday night, according to a... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 9:45:00 PM CST in News
COLUMBIA - Room at the Inn, Columbia's emergency winter shelter, will remain open through at least Sunday morning due to... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 8:11:17 PM CST in News
FREDERICKTOWN (AP) — Authorities say a 74-year-old woman was killed in a house fire in southeastern Missouri's Madison County. ... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 4:22:00 PM CST in News
PLATTE CITY (AP) — Missouri authorities say one of 13 occupants of a van was killed when the vehicle crashed... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 3:29:00 PM CST in News
COLUMBIA - Columbia Public Works sent home all but eight members of its street crew Saturday afternoon because of the... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 2:43:00 PM CST in News
PULASKI COUNTY - A man was arrested after pointing a rifle at deputies and possibly endangering a female and several... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 2:43:00 PM CST in News
SPRINGFIELD (AP) — A southwes tern Missouri man has been ordered to spend two decades in prison for sexually abusing... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 1:32:08 PM CST in News
---UPDATED SUNDAY MORNING (1/15/17)--- MID-MISSOURI - Our Live Doppler 8 First Alert Weather Team has been tracking this ice... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 12:02:00 PM CST in Weather
COLUMBIA - University of Missouri officials continue to monitor the forecast and urge students to check the weather in preparation... More >>
1 day ago January 14, 2017 Jan 14, 2017 Saturday, January 14 2017 Saturday, January 14, 2017 11:55:00 AM CST in News
Columbia, MO
Broken Clouds 37°
5am 35°
6am 36°
7am 36°
8am 37°

Select a station to view its upcoming schedule:

Coming Up Next

4:30a
KOMU 8 News Today
5:00a
KOMU 8 News Today
6:00a
KOMU 8 News Today
4:30a
Paid Program
5:00a
Paid Program
5:30a
Paid Program

Tonight's Schedule

7:00p
The Celebrity Apprentice
9:00p
Timeless
7:00p
Howie Mandel All-Star Comedy Gala
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld