Aquaculture: Soybeans and Corn Under Water

A report from Kevin Kerr…on “aquaculture” in Iowa, and why corn is so high. Unnecessary background – the Associated Press reports that Iowa has 2 million acres of soybeans and 1.3 million acres of corn under water…16 % of the state’s tillable land:

“There is little chance of farmers switching now to soybeans as seed and fertilizer are not ‘readily available’ and they would cost a fortune even if it could be obtained,” Kevin tells us.

“Even more of a problem is that June 10th is really the cutoff for soybeans to get in the ground. Why?

“Well soybeans thrive off daylight, (they are diurnal). It is simple math really, the soybean plants need so many days of sunlight to mature and ‘pod’ by a certain date. The pod stage is critical, and if it fails…so does the crop.

“I think many farmers will simply opt for ‘Plan B’ and call it a year. That means taking the government insurance money; if they try and plant something else they won’t get that money, and the crop may fail anyway.

“At the end of the day I think 2009 will see surging dairy, cattle, hog and produce prices. Key grains will also be in high demand, but I am leery of corn at these levels and also feel a major shift form corn based ethanol to sugar based ethanol is coming. The next administration will need a scapegoat…and corn and ‘wealthy farmers’ will be it.”

Bill Bonner
Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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2 Comments on "Aquaculture: Soybeans and Corn Under Water"

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David Muzzo

Take a look at rural Indiana – It is just as bleak down there. Corn fields are soaked, and soy bean plants are small. This area had a large manufacturing base 20-30 years ago. There is nothing left but farming and WalMart… Small towns are boarded up, houses, schools, and factories are crumbling. The only people living out there are farmers, service/retail employees and older retired factory workers.


If everything is underwater, maybe they could plant seaweed in it then. Seaweed is a food. You can eat it, you can even make noodles out of it.

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