Wheat shortage abroad means
opportunity for U.S. farmers
By Jennifer Stewart-Burton
September 10, 2010
Russia's ban of wheat exports is giving U.S. farmers the opportunity to produce more of the crop to meet demands around the world, a Purdue University agricultural economist says.
Chris Hurt predicted there would be a 50 percent to 75 percent increase in the amount of wheat planted in the Eastern Corn Belt this fall over 2009, a record-low year. Indiana farmers last fall planted 300,000 acres of wheat, which annually is the state's third-largest crop behind corn (6 million acres this year) and soybeans (5.3 million acres).