Washington, DC – Today, the US Department of Agriculture reported that American farmers planted more than 87 million acres of corn this year, exceeding the estimates of many analysts and representing the second largest area planted since 1946 (2007 saw 93.6 million acres planted). Even when assuming a possible slight reduction in average yields due to flooding, this represents enough acres to satisfy all projected demands for corn.

Based on analysis by the Renewable Fuels Association, it is likely that American farmers will produce in the range of 11.5 billion bushels of corn, meeting all projected demands and leaving approximately 800 million bushels of corn left over.

In addition, the USDA also reported that corn stocks were higher than this time last year, totaling more than 4 billion bushels.

Putting the acreage report in context with respect to America’s ethanol industry, Renewable Fuels Association President Bob Dinneen issued the following statement:

“American farmers have once again proven their detractors wrong, demonstrating that they are uniquely capable of meeting the growing demand for feed, food, fiber and fuel. Despite challenging spring weather conditions and an unprecedented flooding event, farmers have responded to the needs of the marketplace by planting the second largest area of corn since 1946.

“It is vital that this report be put into a global context. World production of grain is expected to be stronger than last year. Wheat production in the US, Europe and Australia is projected to improve. Likewise, corn production in China and Eastern Europe is also expected to be robust, helping to increase supplies available on the world market. These productivity improvements together with the unexpectedly robust planting report in the US should help all users of grain withstand this unprecedented flooding that has roiled the marketplace.

“This report once again demonstrates that together with agriculture, American ethanol producers can help lead this nation in new, renewable energy direction.”