15-01-2014 02:47 AM | USA

Corn farmers eye other crops for next year

America’s corn farmers are already planning what they’ll plant – and what they won’t. Farmers were told last week that U.S. stockpiles of corn are up – way up – and they might want to think about planting something else next year.

Keith Alverson, a sixth generation ethanol corn farmer in Chester, South Dakota, says it’s all about supply and demand. Corn prices were up last year thanks to two years of drought that lowered supplies. That meant farmers, like Alverson, planted more acres of corn. Those acres flourished -- the weather was favorable and the harvest was larger than it had been in previous years.

Alverson says the downside of the good harvest and higher supply is that corn prices have dropped 14 percent over the last few months.
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