Wheat shortage abroad means
opportunity for U.S. farmers
By Jennifer Stewart
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).