Cropland Expected to Increase Based on USDA Long-Term Agricultural Report

Increased cropland availability due to a reduction in the Conservation Reserve Program, along with sustained high commodity prices are expected over the next 10 years, according to a USDA long-term agricultural projection report released today. The report also estimates that corn will remain the primary feedstock for U.S. ethanol production but annual growth for corn-based ethanol will be slow. Meanwhile, biodiesel production is expected to increase to one billion gallons by 2012. Read the report.