Corn. Rooted in Human History.

Transcription

1 Corn. Rooted in Human History WORLD OF CORN

2 Corn. Past, Present and Future. The world of corn has come a long way since the day a single seed kernel was planted next to a fish for fertilizer. Given those humble beginnings, it s incredible to imagine that 10 years from now, American farmers will be producing 17 billion bushels annually. Want a better understanding of that number? Take a look at the complimentary timeline poster we ve enclosed to see where corn has been. We can only imagine how much further it will go. Garry Niemeyer, President Rick Tolman, CEO 2

3 Organizations CORN PROCESSING Corn Refiners (202) North American Millers (202) CORN INPUT American Seed Trade (703) CropLife America (202) The Fertilizer Institute (202) CORN EXPORTS U.S. Grains Council (202) FOOD AND SNACK CORN Popcorn Board (312) Snack Food (703) CORN FUTURES CME Group (312) RENEWABLE FUELS American Coalition for Ethanol (605) Growth Energy (202) Renewable Fuels (202) LIVESTOCK AND FEED American Feed Industry (703) National Cattlemen s Beef (303) National Grain and Feed (202) National Pork Board (515) National Pork Producers Council (202) U.S. Poultry & Egg (770) STATE ORGANIZATIONS Alabama Soybean and Corn (256) Mark Hall, Executive Director mark@alabamasoycorn.org Alabama Wheat & Feed Grain Producers (800) ext Buddy Adamson, Director badamson@alfafarmers.org Arkansas Corn and Grain Sorghum Board (501) Matt King, Executive Director matt.king@arfb.com Colorado Corn Colorado Corn Administrative Committee (970) Mark Sponsler, CEO msponsler@coloradocorn.com Georgia Agricultural Commodity Commission (404) Marcia Crowley, Agricultural Manager mcrowley@agr.state.ga.us Georgia Corn (229) Dewey Lee, State Executive Coordinator deweylee@uga.edu Illinois Corn (309) Rodney Weinzierl, Executive Director weinzier@ilcorn.org Illinois Corn Marketing Board (309) Rodney Weinzierl, Executive Director weinzier@ilcorn.org Indiana Corn Indiana Corn Marketing Council (800) Jane Ade Stevens, Executive Director jadestevens@indianacorn.org Iowa Corn Iowa Corn Promotion Board (515) Craig Floss, Chief Executive Officer cfloss@iowacorn.org Kansas Corn Kansas Corn Commission (785) Jere White, Executive Director jwhite@ksgrains.com Kentucky Corn Kentucky Corn Promotion Council (502) (800) Laura Knoth, Executive Director laura@kycorn.org Louisiana Soybean and Grain Research and Promotion Board (225) Kyle McCann, Corresponding Secretary kylem@lfbf.org Maryland Grain Producers Maryland Grain Producers Utilization Board (410) Lynne Hoot, Executive Director lynnehoot@aol.com Michigan Corn Corn Marketing Program of Michigan (517) 668-CORN (2676) corninfo@micorn.org Jody Pollok-Newsom, Executive Director jpollok@micorn.org Minnesota Corn Minnesota Corn Research and Promotion Council (952) Tim Gerlach, Executive Director gerlach@mncorn.org Mississippi Corn Mississippi Corn Promotion Board (662) Dr. Erick Larson elarson@pss.msstate.edu Missouri Corn Missouri Corn Merchandising Council (573) Gary Marshall, CEO gmarshall@mocorn.org Nebraska Corn Board (402) 471-CORN (2676) (800) Don Hutchens, Executive Director don.hutchens@nebraska.gov Nebraska Corn (402) (888) Scott Merritt, Executive Director smerritt@necga.org New York Corn & Soybean (518) Rick Zimmerman, Executive Director rzimmerman@zga-llc.com Corn of North Carolina (919) Julia Robbins, Executive Secretary jrobbins@earthlink.net North Dakota Corn North Dakota Corn Utilization Council (701) Tom Lilja, Executive Director tom@ndcorn.org Ohio Corn & Wheat Ohio Corn Marketing Program (740) Tadd Nicholson, Interim Executive Director tnicholson@ohiocornandwheat.org Oklahoma Corn (580) Raylon Earls Pennsylvania Corn (814) H. Grant Troop, Executive Director info@pacorngrowers.org South Carolina Corn and Soybean (803) Kathy Fudge, Executive Director sccsa@collabefforts.com South Dakota Corn South Dakota Corn Utilization Council (605) Lisa Richardson, Executive Director lisal@sdcorn.org Tennessee Corn (731) Polk Glover, Secretary/Treasurer polk@ken-tennwireless.com Corn Producers of Texas Texas Corn Producers Board (806) 763-CORN (2676) David Gibson, Executive Vice President dgibson@texascorn.org Virginia Corn, Soybean and Small Grains Boards (804) Phil Hickman, Program Director phil.hickman@vdacs.virginia.gov Virginia Grain Producers (757) Katie Frazier, Executive Director katie@virginiagrains.com Wisconsin Corn Wisconsin Corn Promotion Board (262) Robert Oleson, Executive Director wicorn@centurytel.net www@wicorn.org 3

4 Corn Production ONE BUSHEL (56 LBS.) OF CORN PROVIDES: 31.5 lbs. of starch or 33 lbs. of sweetener or 2.8 gal. of fuel ethanol or 22.4 lbs. of PLA fiber/polymer plus 17.5 lbs. of distillers dried grains with solubles* 13.5 lbs. of gluten feed** 2.6 lbs. of gluten meal** and 1.5 lbs. of corn oil** *In dry-grind ethanol process. **In wet-mill ethanol process. Gluten feed is 20 percent protein and gluten meal is 60 percent protein. U.S. CORN AT A GLANCE, million acres planted 84.0 million acres harvested 12.4 billion bushels produced $76.62 billion corn crop value $6.20 average price per bushel TOTAL DIGESTIBLE NUTRIENTS: Cracked corn: 90% Shelled corn: 88% Ear corn: 90% COMPONENTS OF YELLOW DENT CORN Wet Weight U.S. SELECT CROP VALUE, 2011 Billions of Dollars (U.S.) $0.18 Oats 3.8% Corn Oil 62% Starch $0.84 Barley $1.31 Sorghum $14.39 Wheat 15% Moisture 19.2% Protein & Fiber $35.76 Soybeans $76.62 Corn U.S. CORN PRODUCTION, 2011 Acres Planted (1,000s) Acres Harvested for Grain (1,000s) Average Yield (bushels/ acre) Total Production (1,000 bushels) Alabama ,500 Arizona ,760 Arkansas ,840 California ,750 Colorado 1,500 1, ,900 Connecticut 27 Delaware ,660 Florida ,000 Georgia ,660 Idaho ,200 Illinois 12,600 12, ,946,800 Indiana 5,900 5, ,500 Iowa 14,100 13, ,356,400 Kansas 4,900 4, ,400 Kentucky 1,380 1, ,700 Louisiana ,950 Maine 29 Maryland ,870 Massachusetts 17 Michigan 2,500 2, ,070 Minnesota 8,100 7, ,201,200 Mississippi ,720 Missouri 3,300 3, ,980 Montana ,680 Nebraska 9,850 9, ,536,000 Nevada 8 New Hampshire 15 New Jersey ,963 New Mexico ,740 New York 1, ,460 North Carolina ,460 North Dakota 2,230 2, ,300 Ohio 3,400 3, ,760 Oklahoma ,100 Oregon ,965 Pennsylvania 1, ,560 Rhode Island 2 South Carolina ,450 South Dakota 5,200 4, ,400 Tennessee ,285 Texas 2,050 1, ,710 Utah ,920 Vermont 90 Virginia ,120 Washington ,125 West Virginia ,534 Wisconsin 4,150 3, ,920 Wyoming ,100 U.S. 91,921 83, ,358,412 Source: World Agriculture Supply & Demand Estimates, 1/12/12 Source: USDA NASS, Crop Production 2011 Summary, 1/12/12 4

5 U.S. ALL CROP ACRES HARVESTED, 2011 U.S. AVERAGE CORN YIELDS, Bushels per Acre Cotton 3.3% Sorghum (grain) 1.3% Rice 0.9% Barley 0.8% Sunflower 0.5% All Other 5.3% 15.5% Wheat 28.5% Corn (grain) 18.9% Hay 25.0% Soybeans Thousand Acres Corn (grain) 83,981 Sunflower 1,458 Proso Millet 338 Corn (silage) 5,928 Sugar Beets 1,213 Tobacco 325 Soybeans 73,636 Dry Edible Beans 1,156 Rye 242 Hay 55,633 Peanuts 1,098 Flaxseed 173 Wheat 45,705 Potatoes 1,077 Sweet Potatoes 130 Cotton 9,748 Canola 1,043 Safflower 127 Sorghum (grain) 3,929 Oats 939 Peppermint 74 Sorghum (silage) 224 Sugar Cane 873 Other 38 Rice 2,618 Lentils 411 Hops 30 Barley 2,239 Dry Edible Peas 343 Mustard Seed 22 Total 294, Source: USDA NASS, Crop Production 2011 Summary, 1/12/12 U.S. CORN PRODUCTION, ,230 2,414 2,629 3,598 5,646 8,119 7,475 9,503 8,967 10,087 11,806 11,112 10,531 13,038 12,092 13,092 12,447 12, Source: USDA NASS, Crop Production 2011 Summary, 1/12/12 Source: USDA NASS, Crop Production 2011 Summary, 1/12/12 U.S. CORN ACRES planted, Thousand Acres 109,364 86,837 83,275 65,919 74,179 84,097 75,957 75,702 78,894 78,603 80,929 81,779 78,327 93,527 85,982 86,382 88,192 91,921 U.S. CORN PRICES, Dollars per Bushels (U.S.) Source: USDA NASS, Crop Production 2011 Summary, 1/12/12 U.S. CORN ACRES HARVESTED, Thousand Acres 91,131 77,404 71,191 57,634 64,123 74,524 68,822 68,768 69,330 70,944 73,631 75,117 70,638 86,520 78,570 79,490 81,466 83,981 *Estimated **Projected for crop year 9/11 8/12 Source: USDA, WAOB, World Agriculture Supply & Demand Estimates, 1/12/12 U.S. CORN CROP VALUE, Billions of Dollars (U.S.) * 76.62** $0.29 $0.74 $1.66 $1.10 $1.08 $2.50 $2.37 $1.97 $2.32 $2.42 $2.06 $2.00 $3.04 $4.20 $4.06 $3.55 $5.18* $6.20** Source: USDA NASS, Crop Production 2011 Summary, 1/12/12 11 *Estimated **Projected for crop year 9/11 8/12 Source: USDA, World Agriculture Supply & Demand Estimates, 1/12/12 5

6 WORLD CORN PRODUCTION, * U.S. 12,358 Argentina 3.0% Ukraine 2.6% India 2.4% Mexico 2.4% S. Africa 1.4% Canada 1.2% 7.0% Brazil 7.4% EU % Other 22.1% China 36.2% U.S. China 7,549 EU-27 2,532 Brazil 2,401 Argentina 1,024 Ukraine 886 India 827 Mexico 807 S. Africa 492 Canada 421 Other 4,877 Source: USDA FAS, Grain: World Markets and Trade, 1/12/12 *Marketing Year 10/01/11 9/30/12 Total 34,174 WORLD CORN EXPORTS, * WORLD CORN IMPORTS, * S. Africa 2.4% India 2.3% EU % Paraguay 1.9% Serbia 1.7% Russia 1.1% Canada 0.5% Other 3.4% 44.4% U.S. 9.0% Brazil 12.7% Ukraine 18.5% Argentina U.S. 1,653 Argentina 689 Ukraine 472 Brazil 335 S. Africa 91 India 87 EU Paraguay 71 Serbia 63 Russia 39 Canada 20 Other 128 Total 3,727 Source: USDA FAS, Grain: World Markets and Trade, 1/12/12 *Marketing Year 10/01/11 9/30/12 China 4.2% Colombia 4.1% Iran 3.7% Malaysia 3.5% EU % 34.6% Other 17.0% Japan 6.3% Egypt 8.5% S. Korea 10.4% Mexico Japan 634 Mexico 386 S. Korea 315 Egypt 236 Taiwan 170 China 157 Colombia 154 Iran 138 Malaysia 130 EU Other 1,289 Total 3,727 Source: USDA FAS, Grain: World Markets and Trade, 1/12/12 *Marketing Year 10/01/11 9/30/12 WORLD CORN CONSUMPTION, * Total 34, Egypt 413 S. Africa 453 Canada 634 Japan 744 India 1,193 Mexico 2,047 Brazil 2,555 EU-27 7,519 China 7,198 Others 11,005 U.S. LEADING U.S. CORN EXPORT MARKETS Japan Mexico S. Korea Egypt Taiwan China Syria Canada Venezuela Israel Other Total 1,857 1,988 1,867 Source: USDA FAS, Grain: World Markets and Trade, 1/12/12 *Marketing Year 10/01/11 9/30/12 6

7 Corn Consumption U.S. CORN USAGE BY SEGMENT, 2011 HFCS 4.1% 7.1% Other CORN DISPLACED BY DDG/CGF IN DOMESTIC LIVESTOCK RATIONS 1,102 1,211 1,266* 13.0% Export 36.3% Feed & Residual % Reenters feed market as DDGs 27.3% Fuel Ethanol * Feed & Residual 4,600 Export 1,650 FSI Fuel Ethanol Corn displaced by DDG/CGF DDG exported 5,000 (1,266) (281) High-Fructose Corn Syrup 520 Sweeteners 265 Starch 260 Cereal/Other 202 Beverage Alcohol 135 Seed 24 Total FSI 6,406 Total Uses 12,656 Source: USDA ERS, Feed Outlook, 1/12 Note: Of the 5,000 million bushels of corn for ethanol, the equivalent of 1,266 million bushels of corn was produced in dried distillers grains and corn gluten feed for domestic use, and an additional 281 million bushels of dried distillers grains were exported. Source: ProExporter Network, 1/18/12 *Marketing year ending 8/31/12 HIGH-FRUCTOSE CORN SYRUP USAGE, * STARCH USAGE, * FOOD, SEED & INDUSTRIAL (FSI) USAGE, ,233 1,534 1,714 2,062 2,355 2,549 2,707 3,019 3,541 4,442 5,025 5,961 6,428 6,405* U.S. CORN USAGE BY SEGMENT, ,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Feed & Residual Exports Carry-out FSI Source: USDA ERS, Feed Outlook *Projection Note: FSI includes corn used for ethanol, dried distillers grains and corn gluten feed. 7

8 SWEETENER USAGE, * CORN USED FOR ETHANOL AND DDGS PRODUCTION, ,168 1,323 1,603 2,119 3,049 3,709 4,591 5,021 5,000* U.S. CORN EXPORTS, ,660 1,327 2,177 2,229 1,794 1,503 1,979 1,937 1,941 1,905 1,588 1,900 1,818 2,134 2,125 2,437 1,858 1,980 1,835* 1,650** Source: USDA, WAOB, World Agriculture Supply & Demand Estimates, 1/12/12 *Estimate **Projection CEREAL & FOOD, * BEVERAGES & MANUFACTURING, * * Crop year ending 8/31/12. Includes approximately 1.3 billion bushels to be used as distillers grains for livestock feed. Source: ProExporter Network. Similar ratios apply for previous years. U.S. ETHANOL PRODUCTION FACILITIES, 2011 Million Gallons Under Nameplate Operating Construction/ Total Expansion Arizona California Colorado Georgia Idaho Illinois 1, , ,486.0 Indiana 1, , ,148.0 Iowa 3, , ,625.0 Kansas Kentucky Louisiana Michigan Minnesota 1, , ,147.0 Mississippi Missouri Nebraska 2, , ,089.0 New Mexico New York North Carolina North Dakota Ohio Oregon Pennsylvania South Dakota 1, , ,016.0 Tennessee Texas Virginia Wisconsin Wyoming Total 14, , ,770.9 Source: Renewable Fuels 8

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10 KEVIN IOWA FARMER

11 The land is my roots, my livelihood and my legacy. I m an American farmer. I grow more food now compared to a few decades ago using nearly half the energy and fewer resources for every bushel produced. Hear our stories at AmericasFarmers.com Monsanto and Vine Design is a registered trademark of Monsanto Technology LLC Monsanto Company.

12 Our Roots Go Deep Founded in 1957, the National Corn represents approximately 36,000 dues-paying corn growers and the interests of more than 300,000 farmers, who contribute through corn checkoff programs in their states. NCGA and its 48 affiliated state associations and checkoff organizations work together to help create and increase opportunities for corn growers. Visit for more details and updates on the corn industry National Corn