As we move into 2012, the production of agricultural staples such as corn will play an important role in boosting US economic growth. Domestic corn usage has grown from almost 8 billion bushels in 2000 to just over 11 billion bushels in 2011. The USDA reports farmers in 2012 are preparing to plant the most corn since 1944. Farmers see opportunity since droughts in other countries and strong domestic demand bode well for the crop's future.
Many related industries including farm equipment, chemicals, and food stand to benefit from this increased farming activity. This positive news in agriculture further strengthens our view that growth in these industries and the overall economy will reaccelerate by mid-2012. Prepare now to take advantage of these opportunities.