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Corn prices are now up about 10% over the past month. The surge came after prices hit 2020 lows last year due to oversupply, which eroded farmers' incomes and hit the rural economy hard.
A farmstead in Perry Township, Berks County, Pennsylvania.. Agriculture is a major industry in the U.S. commonwealth of Pennsylvania. [1] As of the most recent United States Census of Agriculture conducted in 2017, there were 53,157 farms in Pennsylvania, covering an area of 7,278,668 acres (2,945,572 hectares) with an average size of 137 acres (55 hectares) per farm. [2]
One bushel of corn can produce 2.8 gallons of ethanol in as well as 17-18 pounds of DDGS. [13] Compared to other major sources, corn is the least efficient means of ethanol production. In 2007, the production process used 75% of the energy extracted. [14] [needs update] On account of great demand for ethanol, corn is fetching higher prices.
Since reaching record high prices in June 2008, corn prices fell 50% by October 2008, declining sharply together with other commodities, including oil. According to a Reuters article, "Analysts, including some in the ethanol sector, say ethanol demand adds about 75 cents to $1.00 per bushel to the price of corn, as a rule of thumb.
Admission includes the 5-acre corn maze and more than 60 other activities, such as a wagon ride, pedal carts and a petting zoo. Another corn maze in Pennsylvania also made the Top 10 list.
A farmer havests corn in September 2023 near Carlisle. With no uptick in prices in sight, farmers are selling off stored gain to make room for this year's harvest.
By 1909, Will's company produced 120,000 cases of Corn Flakes daily. John, who resented his brother's success, filed suit against Will's company in 1906 for the right to use the family name. The resulting legal battle, which included a trial that lasted an entire month, ended in December 1920 when the Michigan Supreme Court ruled in Will's favor.
An aerial view shows the corn maze at Richardson Adventure Farm in Spring Grove, Illinois. The 28-acre maze is billed as the world's largest.