The outlook for corn and soybean farmers looks exceedingly bright because of continued strong growth in U.S. ethanol production. December corn futures contracts are trading above $3.80 through 2010. Soybean futures are trading above $7.50 through 2009. The reason for this price strength is that U.S. corn plantings are projected to exceed 93 million acres from 2008 and beyond because of strong demand.
Babcock, Bruce A.
"Land Rents: How High Will They Go and Who Gains?,"
Iowa Ag Review: Vol. 13
, Article 3.
Available at: http://lib.dr.iastate.edu/iowaagreview/vol13/iss2/3