2007 World of Corn

Can you feel it?

nger pulse tion. An ever-stro ting the entire na erica that is lif swell in rural Am , renewal. Theres a ground venation, rebirth dsignaling reju eartlan beating in the H lds. Americas cornfie gygenerated in rge of ener r homeland A tremendous su only improving ou hanol that is not newable et in the form of re r environment. Domestic energy but improving ou lance of trade ba and the security and our rural communities of investment in ented levels et USA. iven by unpreced tality of Main Stre the health and vi onomic energy dr Ec riculture upon of value-added ag powerful impact corn-derived od supplyfrom and affordable fo undant rn and the eled by a safe, ab are raised on co Human energy fu eat products that tious m ients to the nutri foods and ingred hanol production. coproducts of et strengthand tion and greatest its reliable founda e rtunity. In fact, th ing to agriculture capitalize on oppo s, America is look As alway allenges and d ow itare poise ess the nations ch producers who gr particular, to addr corn in and the talented izing that corn e world is recogn years ahead. entir ns needed in the gy for the solutio to provide ener sk. This isnt up to the ta . corn producer ng that a U.S r decades. mistake of thinki orking toward fo Dont make the ers have been w corn farm e up to the d is exactly what g futureand liv incredible deman es of this excitin challeng farmers to ady to meet the ility of American And they stand re eir faith in the ab aced th ose who have pl expectations of th . hat they do best continue doing w 07, we can anniversary in 20 lebrates its 50th sociation ce pable. Corn Growers As confident and ca As the National rn producers are e nations co assure you that th energized. rn producers are all, Americas co But most of

Ken McCauley

Rick Tolman

Ken McCauley
President

Rick Tolman
CEO

2007 World of Corn

New uses on the horizon.

Research is under way to develop new technologies designed to efficiently separate and extract useful chemicals from corn that can replace petroleumbased chemicals in antifreeze, plastics and other applications.

Energizing Environmental Stewardship

Its not just about growing more corn. Its about how we grow it. And how we use it.
Corn farmers are committed to growing their crop in ways that protect and preserve the environment. The advent of biotechnology in corn hybrids has helped farmers grow more corn on less land using fewer chemicals and pesticidesfurther reducing the environmental impact of agriculture while increasing the corn supply for food, fuel and fiber. In fact, the use of biotech hybrids now reduces the use of crop protection products by more than 20 million pounds annually. Strict management protocols employed by farmers help ensure that these biotech corn genetics fulfill their promise without adversely affecting the ecosystem. At the same time, corn itself is being used to improve our environment in many ways. Other nations are well ahead of the United States in the use of bioplasticswith some, such as Japan, even requiring their use. The high price of oil, combined with increased production efficiencies, improved technology and greater interest in environmentally friendly materials, has helped corn-based plastics turn the corner in terms of economic feasibility. Retailers large and small are incorporating packaging, containers, gift cards and other items made from polylactic acid (PLA), a corn-derived polymer with significant benefits in terms of biodegradability and petroleum replacement. High-performance ethanol has a proven track record of reducing toxic exhaust emissions and improving air quality in major cities. Additionally, demand for environmentally safe ethanol has been spurred by the elimination of MTBE, a petroleum-based gasoline additive that pollutes groundwater. Ethanol production is squeezing even more out of a kernel of corn. Dramatic advances in technology have led to the ability to produce nearly three gallons of ethanol from a bushel of cornup from 2.5 gallons just a few years ago. Numerous reliable studies have shown that we get up to 1.67 times more energy from ethanol than the energy it takes to produce itincluding the energy required to plant, grow, harvest and transport the corn. Additionally, ethanol plants recycle most of the water used in the production process.

One study is focused on developing a reactor that extracts hydrogen from ethanol. The reactor then feeds hydrogen gas into a fuel cell, where it is combined with oxygenproducing enough power to supply an average home. The IndyCar Series will use 100 percent ethanol beginning with the 2007 racing season. Initial tests indicate that these high-performance engines burn cooler and get better mileage than the previous methanol-based fuel. This will likely lead to the development of more efficient consumer vehicles that run on E85, a blend of 85 percent ethanol and 15 percent ordinary gasoline. As an abundant source of oxygen, ethanol is perfectly positioned to play a pivotal role in hydrogen fuel cell technology the next step in automotive engines.

www.ncga.com

2007 World of Corn

3 4

Whats next for ethanol?

Corn producers are not resting on their laurels. The effort continues to find new and better ways to produce ethanoland develop the next stage of value-added products from the ethanol process: Fractionization of corn kernels prior to ethanol production is one way to separate oil from protein, which creates new opportunities for improving livestock feed rations and human food products while improving the fermentation efficiency of the remaining starch. Research is under way to discover how to turn the fiber in a corn kernel into ethanol through fermentation. Since fiber represents 1 percent of the kernel, this 1 could lead to dramatic increases in ethanol production efficiency. New closed loop facilities combine livestock production with on-site ethanol productiongenerating biogas from animal waste as energy to operate the ethanol plant. The distillers grains coproduct of ethanol production is fed back to the animals and the cycle continuesdramatically reducing odor, environmental impact and energy costs. Municipal and school bus fleets are adopting ethanol-diesel fuel blends in an effort to reduce harmful emissions and make the air safer to breathe.

Energizing Americas Economy

America has been at the mercy of imported oil for decades. This time, it looks like were finally giving corn a real opportunity to do something about it.

In 2006, prices at the gas pump soared to unprecedented levels. Just as they did in the 1970s. And again in the 1990s. These spikes have been due in large part to Americas dangerous addiction to imported oil. This time, it looks like were serious about doing something about itthanks to decades of work by the corn industry. The Renewable Fuels Standard (RFS) in the 2005 energy bill requires that 7.5 billion gallons of renewable fuel such as corn-based ethanol be included in the nations transportation fuel supply by 2012. (It appears well actually be there by 2008!)

With the RFS, the ethanol industry was legitimized and virtually overnight, the rural landscape began to go vertical with the eight-story-high distillation columns that are the prominent feature of an ethanol plant. Along with these new biorefineries come thousands of full-time jobs, increased income and investment opportunities for corn producersand economic vitality that courses through rural communities and eventually reverberates throughout the entire nation. A September 2006 study indicates that a farmer-owned 50 million gallon dry mill ethanol plant contributes as much as 56 percent more to the local economy than an absentee-owned plantunderscoring the importance of farmer ownership to rural development.

More importantly, this acceleration of the domestic production of renewable fuel is helping reduce our reliance on imported oil and the drag on our nations economy that comes from high oil prices. As emerging nations such as China and India siphon off even more of the worlds oil supply, Americas ability to grow its own fuel will become even more critical to our well being and long-term success.

www.ncga.com

2007 World of Corn

How corn producers will meet growing demand.

As corn continues to energize more sectors of our economy, the demand for corn is growing at an unprecedented rate. Here are some reasons why American corn farmers know they can keep up with the demand for their product: Corn yields have consistently increased year after yearan average of about 3.5 bushels per year over the last decade. Based on the 10-year historical trend, corn yield per acre could reach 1 bushels 80 by 201 For comparison, the average yield 5. in 1970 was about 72 bushels per acre. Continued developments in biotechnology are leading to increased yields grown with fewer pesticides and reduced inputs. This could easily accelerate the increase in per-acre yield numbers.

Energizing Americas Self-Reliance

Weve already seen the effects of relying on others for our oil. What would happen if we gave other nations control over our food supply as well?

American consumers enjoy the safest, most abundant and most affordable food supply in the world. The average U.S. consumer spends 9.9 percent of household income on food. Consider these rough percentage comparisons for other countries: Mexico (24.9), Japan (14.4), France (14.9), Thailand (29.2) and Indonesia (55.1). The result: Americans have more dollars available to purchase other goods and invest in research and developmentand themselves. A reliable food supply becomes even more important as the population grows at home and abroad. Remember, biorefineries dont just produce fuel.

They produce ingredients used in food for people around the world. Biorefineries also produce a high-value feed called distillers grains that is being used with great success as a supplement or replacement for traditional corn in livestock rations. In effect, we are improving the efficiency of corn usage by creating food and fuelinstead of simply livestock feed. Corn producers are working hard to ensure that livestock production continues to thrive in the United States. The interdependent corn-ethanol-livestock

triangle requires that all three partners be strong for optimum success. Corn producers are helping fund research on the use of distillers grains for pork and poultry productionand improving the quality, delivery and efficiency of distillers grains in beef and dairy cattle production. Other research is focused on mapping the corn genome, eventually leading to corn with traits specifically for use in medicines, nutraceuticals, industrial applications and foodsimproving the lives of people around the world, while adding value to Americas corn crop.

Drought-tolerant corn is on the horizon, which will increase production and further enhance the consistency of the corn supply. Demand for corn in the livestock sector has been relatively stable for the last 10 years. So has the demand for non-ethanol industrial processing. Corn exports have trended up only slightly. However, global demand for distillers grains is on the rise. Many farmers have the choice of growing a number of crops. If the demand exists for corn, corn is what they will grow.
continued on page 10

www.ncga.com

2007 World of Corn

As you plan the next year, we are researching the next ten.

Monsanto is 100 percent dedicated to the next generation of innovation to delivering the technology that will help you more efciently grow crops as well as your bottom line. At Monsanto, we are entirely committed to agricultures future. And yours.

2006 Monsanto Company. (25181-7 NCGA corn)

World of Corn - Production

How corn producers will meet growing demand. continued from page 7
Most corn produced in the United States is not grown for human food, but for livestock feed both here and abroad. Traditional corn rations are being supplanted with distillers grains, a nutritious ethanol coproduct of ethanol production that has been adopted by beef and dairy producersand is being investigated as a feed source for pork and poultry production. Ethanol production uses only the starch in the kernel, not the protein. The protein, fat and other nutrients are passed through to the feed coproducts or human food ingredients.

Important statistics regarding the production, processing and progress of corn. One Bushel of Corn (56 lb.) Provides:
31.5 lb. of starch
OR

U.S. Corn at a Glance, 2006

Acres Planted

U.S. Corn Production by State, 2006

Acres Average Total Acres Harvested Yield Production Planted for Grain
1000s 1000s Bushels/acre 1000 Bushels

78.3 million
Acres Harvested

State Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total U.S.
Soybeans

33 lb. of sweetener
OR

70.6 million
Production

2.8 gal. of fuel ethanol

OR

10.5 billion bushels

Average Yield

22.4 lb. of PLA fiber/polymer

Plus
13.5 lb. of gluten feed* 2.6 lb. of gluten meal**
AND

149.1 bushels per acre

Corn Crop Value

$33.71 billion
Average Price

1.5 lb. of corn oil

* Gluten feed is 20 percent protein ** Gluten meal is 60 percent protein

$3.20 per bushel

A closer look at the composition of a corn kernel.

The pericarp is the outer covering that protects the kernel and preserves the nutrient value inside. It resists water and water vaporand is undesirable to insects and microorganisms. The endosperm accounts for about 82 percent of the kernels dry weight and is the source of energy (starch) and protein for the germinating seed. Starch is the most widely used part of the kernel and is used as a starch in foodsor as the key component in fuel, sweeteners, bioplastics and other products.

Components of Yellow Dent Corn

Wet Weight

U.S. Select Crop Value, 2006

Billions of Dollars (U.S.)

3.8% Corn Oil

16% Water 19.2% Protein & Fiber 61% Starch

Sorghum

Wheat

Barley

Corn

Oats

The germ is the only living part of the corn kernel. The germ contains the essential genetic information, enzymes, vitamins and minerals for the kernel to grow into a corn plant. About 25 percent of the germ is corn oilthe most valuable part of the kernel, which is high in polyunsaturated fats and has a mild taste.

The tip cap is the attachment point of the kernel to the cob, through which water and nutrients flowand is the only area of the kernel not covered by the pericarp.

Cracked Corn: 90% TDN Shelled Corn: 88% TDN Ear Corn: 78-80% TDN

$0.17

$0.52

$0.89

Total Digestible Nutrients (TDN)

200 50 190 520 1,000 27 170 60 280 270 11,300 5,500 12,600 3,350 1,120 300 26 490 18 2,200 7,300 340 2,700 65 8,100 4 14 80 130 950 790 1,690 3,150 270 51 1,350 2 310 4,500 550 1,760 65 85 480 140 45 3,650 85 78,327

165 18 180 110 860 161 30 225 65 11,150 5,380 12,350 3,000 1,040 290 425 1,960 6,850 325 2,630 18 7,750 64 45 480 740 1,400 2,960 220 29 960 290 3,220 500 1,450 17 345 75 26 2,800 45 70,648

72 170 146 165 156 145 82 112 170 163 157 166 115 146 140 142 147 161 110 138 146 152 129 185 129 132 111 159 105 180 122 110 97 125 121 157 120 210 120 143 129

11,880 3,060 26,280 18,150 134,160 23,345 2,460 25,200 11,050 1,817,450 844,660 2,050,100 345,000 151,840 40,600 60,350 288,120 1,102,850 35,750 362,940 2,628 1,178,000 8,256 8,325 61,920 97,680 155,400 470,640 23,100 5,220 117,120 31,900 312,340 62,500 175,450 2,669 41,400 15,750 3,120 400,400 5,805

$7.79

$19.45

$33.71

149.1 10,534,868

Source: USDA, NASS, Crop Production 2006 Summary, Jan. 12, 2007

Source: USDA, NASS, Crop Production, 2006 Summary, Jan. 2007 USDA, ERS, Outlook Report, Jan. 2007

10

www.ncga.com

2007 World of Corn

1 1

U.S. All Crop Acres Harvested, 2006

Other 3.6% Oats 0.5% Sunflower 0.6% Rice 1.0% Barley 1.0% Sorghum (grain) 1.7% Corn (silage) 2.2% Cotton 4.3%

U.S. Average Corn Yields, 1936-2006

Bushels per Acre

World Corn Production, 2006-07*

Others 15.6%
148.0 149.1 Million Bushels United States China EU Brazil Mexico Argentina India South Africa Canada Romania Others Total

142.2

160.4

127.1

119.4

126.7

Romania 1.2% Canada 1.4% South Africa 1.4% India 2.1% Argentina 2.8% Mexico 3.2% Brazil 6.1%

Wheat 15.8%

36

18.6

Corn (grain) 23.8%

46

37.2

U.S. 38.9%

Soybeans 25.1% Hay 20.5%

Source: USDA, NASS, Crop Production 2006 Summary, Jan. 12, 2007.

EU 6.4%

China 20.8%

10,535 5,630 1,729 1,653 866 748 571 394 366 335 4,223 27,054

136.9 00

134.4

133.8

138.2 01

56

47.4

66

73.1

76

88.0

86

96

97

98

99

02

129.3

03

04

05

Source: USDA, NASS, Crop Production, 2006 Summary, Jan. 12, 2007

1,259

Thousand Acres Corn (grain) 70,648 6,477 Corn (silage) Soybeans 74,602 Hay 60,807 Wheat 46,810 Cotton 12,732 Sorghum (grain) 4,937 Sorghum (silage) 274 Barley 2,951 Rice 2,821 Sunflower 1,770

U.S. Corn Production, 1936-2006

Oats 1,576 Dry Edible Beans 1,538 Sugar Beets 1,304 Peanuts 1,209 Potatoes 1,116 Canola 1,021 Sugar Cane 909 Dry Edible Peas 884 Flaxseed 767 Proso Millet 475 Lentils 407 Tobacco Rye Safflower Sweet Potatoes Peppermint Oil Mustard Seed Hops Other Total 339 274 179 87 79 39 29 49
Million Bushels

06

*October Through September Marketing Year Source: USDA/Foreign Agriculture Service, Grain: World Markets and Trade, Jan. 12, 2007

11,807

11,114

9,759

9,431

9,915

9,233

9,207

9,503

8,226

8,967

10,089

10,535

World Corn Exports, 2006-07*

Others 3.7% Romania 1.0% Ukraine 1.2% Serbia & Montenegro 1.4% China 4.8%

Top World Corn Importers, 2006-07*

Canada 2.8% Iran 3.0% Malaysia 3.1% Colombia 4.0% EU 4.8% Taiwan 5.4% Other 32.5%

297,109

36

46

2,916

56

3,075

66

4,168

76

6,289 86 96

97

98

99

00

01

02

03

04

05

06

Brazil 5.4%

Source: USDA, NASS, Crop Production 2006 Summary, Jan. 12, 2007.

Argentina 14.6%

Egypt 5.8% U.S. 68.1% Mexico 8.2%

U.S. Corn Acres Planted, 1936-2006

Thousand Acres

U.S. Corn Prices, 1956-2006

Dollars per Bushel (U.S.)

101,959

$3.20

$2.71

88,898

$2.43

84,588

80,930

81,779

$2.15

$2.32

$2.42

South Korea 10.6% Million Bushels United States 2,224 Argentina 472 Brazil 177 China 157 Serbia & Montenegro 47 Million Bushels Japan South Korea Mexico Egypt Taiwan EU

Japan 19.9%

79,229

79,537

80,165

79,551

78,894

78,603

78,327

$2.06

77,828

76,580

77,386

75,702

$1.94

66,347

$1.50

$1.82

$1.85

$1.97

$2.00

Ukraine Romania South Africa Paraguay Others Total

39 24 20 20 80 3,267

650 346 268 189 177 157

Columbia Malaysia Iran Canada Others Total

130 102 98 91 1,060 3,267

$1.29 56

66

$1.24 76

86

96

97

98

99

00

01

02

03

04

*05

**06

36

46

56

66

76

86

96

97

98

99

00

01

02

03

04

05

06

Source: USDA, NASS, Crop Production 2006 Summary, Jan. 12, 2007 .

Source: USDA, NASS and USDA, ERS Feed Outlook, January 17, 2007 * Estimated ** Projected for crop year September 2006-August 2007

*October Through September Marketing Year Source: USDA/Foreign Agriculture Service, Grain: World Markets and Trade, Jan. 12, 2007

*October through September marketing year Source: USDA/Foreign Agriculture Service, Grain: World Markets and Trade, Jan. 12, 2007

U.S. Corn Acres Harvested, 1936-2006

Thousand Acres

U.S. Corn Crop Value, 1956-2006

Billions of Dollars (U.S.)

World Corn Consumption, 2006-2007*

9,510
Million Bushels

Leading U.S. Corn Export Markets (Since 2003)

Million Bushels

67,833

64,877

68,907

68,768

$25.15

$24.48

$24.32

Total = 28,571 5,551

Egypt

Canada

Japan

Brazil

Romania

Mexico

36

46

56

66

76

86

96

97

98

99

00

01

02

03

04

05

06

56

66

76

86

96

97

98

99

00

01

02

03

04

**06

*05

Others

India

China

Japan Mexico South Korea Taiwan Egypt Colombia Canada Algeria Dominican Rep Syria Other Total

2003-04 575 224 144 187 126 70 80 50 32 31 382 1,900

2004-05 611 232 83 171 152 80 93 42 39 51 264 1,818

2005-06 636 251 220 183 159 106 74 49 41 33 395 2,147

78,410

72,671

72,589

71,506

72,644

72,440

73,632

75,117

70,487

69,330

70,944

70,648

$33.71

$22.35

57,002

$18.92

$13.52

$12.51

$17.10

$18.50

$18.88

$20.88

$22.22

$3.97

$5.17

374

417

465

571

654

1,134

1,575

1,980

Source: USDA, NASS, Crop Production 2006 Summary, Jan. 12, 2007.

Source: USDA, ERS, Feed Outlook, Jan. 2007 * Estimates for marketing year ending Aug. 31, 2006 ** Projections for marketing year ending Aug. 31, 2007

*October Through September Marketing Year Source: USDA, FAS Grain: World Markets and Trade, Jan 12 2007

U.S.

EU

6,302

Source: USDA, ERS Feed Outlook, January 2007

12

www.ncga.com

2007 World of Corn

13

Corn Consumption
U.S. Corn Usage by Segment, 2006
214 225 HFCS 4.4% Other 7.4%

Starch Usage, 1986-2006

Million Bushels

U.S. Fuel Ethanol Production, 1986-2006

275 279 5,000
Millions of Gallons

Biotech Share of U.S. Corn Acres Planted, 2006

278

251

248

240

246

1,300

1,400

1,470

1,630

1,770

2,130

2,800

3,400

229

234

3,904

256

272

Ethanol 18.3% Feed/Residual 50.8% Export 19.1% Million Bushels Feed/Residual 5,975 Export 2,250 Food, Seed, Industrial Ethanol 2,150 HFCS 520 Starch 279 Sweeteners 240 Cereal/Other 191 Alcohol 135 Seed 20 Total Use 11,760
*Marketing year ending Aug 31, 2007 Source: USDA, ERS, Feed Outlook, Jan 17, 2007

710

950

1,100

Bt 25% Non-Biotech 39%

86

91

96

97

98

99

00

01

02

03

04

05

*Marketing Year Ending Aug. 31, 2007 Source: USDA, ERS, Feed Outlook, January 2007

*06

*Estimate for Calendar Year 2007 Source: Renewable Fuels Association

*06

86

91

96

97

98

99

00

01

02

03

04

05

Sweetener Usage, 1986-2006

Million Bushels

Corn Used for Ethanol Production, 1986-2006

1,602 240 2,150
Million Bushels

Herbicide Tolerant 21% Stacked Traits 15% Thousand Acres Non-Biotech Bt Herbicide Tolerant Stacked Traits Total

246

245

219

218

217

171

996

1,168

210

1,323

228

222

219

222

229

398

429

481

526

566

30,548 19,582 16,449 11,749 78,327

290

628

706

86

91

96

97

98

99

00

01

02

03

04

05

Food, Seed & Industrial (FSI) Usage, 1986-2006

2,981 3,535
Million Bushels

*Marketing Year Ending Aug. 31, 2007 Source: USDA, ERS, Feed Outlook, January 2007

*06

*Marketing Year Ending Aug. 31, 2007 Source: USDA, ERS, Feed Outlook, January 2007

2,537

2,686

1,957

2,046

2,340

U.S. Corn Usage by Segment, 1993-2006

Million Bushels

1,782

1,846

1,913

*06

86

91

96

97

98

99

00

01

02

03

04

05

Source: USDA, NASS, Acreage Report, June 30, 2006

1,692

1,425

7,000 6,000 5,000 4,000 3,000 2,000 1,000 93 94 95 96 97 98 99 00 01 02

Carry-out Food, Seed & Industrial Exports Feed & Residual

U.S. Ethanol Fuel Production Facilities, 2006

Millions of Gallons

Percentage of Biotech Acreage, 2004-06

Million Bushels

1,153

State Iowa Illinois Nebraska Minnesota South Dakota Wisconsin Kansas Michigan Missouri Indiana Colorado Tennessee California North Dakota Kentucky New Mexico Wyoming Ohio Georgia

Number of Plants 26 6 12 17 12 6 8 3 4 1 3 1 3 2 1 1 1 1 1 109

Production 1698.5 703.0 655.5 541.6 532.0 230.0 206.5 155.0 155.0 102.0 85.0 67.0 65.0 35.5 33.0 30.0 5.0 3.0 0.4 5303.0

Unaccounted Production 1

Bt State IL IN IA KS MI MN MO NE ND OH SD TX WI Other U.S. 04 05 06 26 11 36 25 15 35 32 41 25 11 35 23 15 33 37 39 21 8 9 28 30 21 22 22 19 19 24 13 32 23 16 28 38 37 29 8 20 27 22 20

Herbicide Tolerant 04 05 06 6 11 14 30 20 22 12 18 39 4 7 30 31 42 14 18 21 25 5 8 10 24 14 17 13 13 12 15 14 33 18 29 14 24 34 13 32 37 18 25

Stacked Traits 04 05 06 2 2 8 5 4 11 4 6 5 4 11 10 5 11 6 12 20 1 2 21 22 13 2 6 6 7 6 9 19 12 18 12 10 16 7 15 20 5 34 13 10 10 15

All Biotech Hybrids 04 05 06 33 21 54 54 33 63 49 60 13 79 38 46 36 26 60 63 40 66 55 69 75 18 83 72 46 52 55 40 64 68 44 73 59 76 83 26 86 77 50 55

86

91

96

97

98

99

00

01

02

03

04

05

*Marketing year ending Aug. 31, 2007 Source: USDA, ERS, Feed Outlook, January 2007

*06

03

04

05

*06

High-Fructose Corn Syrup Usage, 1986-2006

Million Bushels

*Marketing Year Ending Aug. 31, 2007

Source: USDA, ERS, Feed Outlook, Jan. 2007

540

541

532

531

530

532

530

504

521

529

520

U.S. Corn Exports, 1991-2006

Million Bushels

1,979

1,937

1,941

1,905

1,900

2,147

338

2,250

392

1 1

1,794

1,818

1,584

1,503

1,588

27 26 25

14 17 21

47 52 61

Source: USDA, NASS, Acreage Report, June 30, 2006

83.0

86

91

96

97

98

99

00

01

02

03

05

*06

04

91

96

97

98

99

00

01

02

03

04

05

*06

Unaccounted 83.0 Total Production 5386.0

*Marketing Year Ending Aug. 31, 2007 Source: USDA, ERS, Feed Outlook, January 2007

Source: USDA, ERS, Feed Outlook, Jan. 17, 2007 *Projections

14

www.ncga.com

2007 World of Corn

15

U.S. Corn Fed by Animal Group, 1993-2006

Million Bushels

U.S. Meat Exports by Animal Group, 1993-2006

Thousand Metric Tons

U.S. Corn Fed by Region, 1993-2006

Million Bushels*

U.S. Corn Ending Stocks, 1936-2006

Million Bushels

Beef Poultry Pork Dairy

1,500 1,000 500 93 94 95 96 97 98 99

2,500 2,000 1,500 1,000

Poultry

2,500
Beef

Non-Corn Belt

4,040

2,000

3,000

3,000

2,114 1,087 958 02 03 04

1,787

1,419

1,136

2,000
Pork

Other

00

01

02

03

04

05

*06

93

94

95

96

97

98

99

00

01

02

03

04

05

*06

**06

93

94

95

96

97

98

99

00

01

02

03

04

05

66

1,500
*Marketing Year Ending Aug. 31, 2007 Source: ProExporter Network (PRX) *Marketing Year Ending Aug. 31, 2007 Source: ProExporter Network (PRX) * ProExporter Network estimates the equivalent of 189, 253, 329, 342, and 523 million bushels of corn fed to livestock was displaced by DDG, in the 02-03, 03-04, 04-05, 05-06, and 06-07 crop years, respectively. **Marketing Year Ending Aug. 31, 2006 Source: ProExporter Network (PRX)

283

*Estimates for crop year ending Aug. 31, 2007 Source: USDA ERS, Feed Outlook, Jan 17, 2007

Organizations that Support the Corn Industry

NCGA National Corn Growers Association 632 Cepi Drive, Chesterfield, MO 63005 P: 636-733-9004 F: 636-733-9005 Mimi Ricketts, Director of Communications, Ext. 1 www.ncga.com 12 NCGA Washington, DC Office 122 C St. NW, #510 Washington, DC 20001-2109 P: 202-628-7001 F: 202-628-1933 Jon Doggett, VP, Public Policy Commodity Classic P: 636-677-4157 srsi@swbell.net Peggy Findley Commodity Classic Show Director CORN PROCESSING Corn Refiners Association 1701 Pennsylvania Avenue NW, Ste. 950 Washington, DC 22203 P: 202-331-1634 F: 202-331-2054 info@corn.org Audrae Erickson, President North American Millers Association 600 Maryland Ave. SW, #825 W Washington, DC 20024 P: 202-484-2200 F: 202-488-7416 generalinfo@namamillers.org Terri Long, Director of Communications & Meetings tlong@namamillers.org CORN INPUT American Seed Trade Association 225 Reinekers Lane, Ste. #650 Alexandria, VA 22314 P: 703-837-8140 F: 703-837-9365 Leslie Cahill, Communications Manager www.amseed.com CropLife America 1 15th St. NW #400 156 Washington, DC 20005 P: 202-296-1585 F: 202-463-0474 Donna Uchida, VP of Communications duchida@croplifeamerica.org The Fertilizer Institute Union Center Plaza 820 First Street NE #430 Washington, DC 20002 P: 202-515-2720 F: 202-962-0572 Harriet Wegmeyer, Dir. of Communications hwegmeyer@tfi.org www.tfi.org EXPORTS U.S. Grains Council 1400 K Street, NW, #1200 Washington, DC 20005 P: 202-789-0789 F: 202-898-0522 grains@grains.org Cheri Johnson, Director of Communications www.grains.org FOOD AND SNACK CORN Florida Fruit & Vegetable Association P.O. Box 948153, Maitland, Florida 32794 P. 321-214-5200 F: 321-214-0210 information@ffva.com Danny Raulerson, Marketing Manager dannyraulerson@ffva.com Popcorn Board 401 N Michigan Ave, Chicago, IL 6061 1-4267 P: 312-644-6610 F: 312-321-5150 Genny Bertalmio, Marketing Manager gbertalmio@smithbucklin.com Snack Food Association 171 King Street, Ste. #1 1 Alexandria, VA 22314 P: 703-836-4500 (ext. 204) F: 703-836-8262 cclark@sfa.org Christopher Clark, VP of Operations www.sfa.org Cereal Quality Lab, Texas A & M Soil & Crop Science Department 2474 TAMUS, College Stn, TX 77843-2474 P: 979-845-2925 F: 979-845-0456 Lloyd Rooney, Prof of Food Sci & Tech lrooney@tamu.edu CORN FUTURES Chicago Board of Trade Communications Department 141 W. Jackson Blvd., Chicago, IL 60604 P: 312-435-3620 F: 312-341-3306 Marie Gemskie, Managing Dir. of Comm. Mgem46@cbot.com RENEWABLE FUELS Renewable Fuels Association One Massachusetts Ave, NW #820 Washington, DC 20001 P: 202-289-3835 F: 202-289-7519 Matt Hartwig, Dir. of Communications mhartwig@ethanolrfa.org www.ethanolrfa.org LIVESTOCK AND FEED American Feed Industry Association 1501 Wilson Blvd., #1 100 Arlington, VA 22209 P: 703-524-0810 F: 703-524-1921 Rex Runyon, VP of PR rrunyon@afia.org www.afia.org National Cattlemens Beef Association 91 E. Nichols Ave., Centennial, CO 801 10 12 P: 303-694-0305 F: 303-694-2851 Kendall Frazier, VP of Public Opinion www.beef.org National Grain & Feed Association 1250 Eye St. NW, #1003 Washington, DC 20005 P: 202-289-0873 F: 202-289-5388 Randy Gordon, VP of Communications & Government Relations www.ngfa.org National Pork Board 1776 NW 1 14th St., Clive, Iowa 50325 P: 515-223-2600 F: 515-223-2646 Jeff Hartz, Director, Marketing/Communications jhartz@pork.org www.pork.org US Poultry & Egg Association 1530 Cooledge Road Tucker, GA 30084-7303 P: 770-493-9401 F: 770-493-9257 Sylvia Small, VP of Communications ssmall@poultryegg.org www.poultryegg.org National Pork Producers Council 122 C Street NW, Suite #875 Washington, DC 20001 P: 202-347-3600 F: 202-347-5265 Dave Warner, Dir. of Communications warnerd@nppc.org www.nppc.org Alabama Soybean and Corn Growers Association P.O. Box 1069 Madison AL 35758 P: 256-882-3369 Mark Hall, Executive Director m53hall@yahoo.com Colorado Corn Growers Association Colorado Corn Administrative Committee 127 22nd Street Greeley CO 80631 P: 970-351-8201 F: 970-351-8203 Mark Sponsler, CEO msponsler@coloradocorn.com info@coloradocorn.com www.coloradocorn.com Georgia Corn Growers Association c/o Dewey Lee P.O. Box 768 Tifton GA 31793 P: 229-386-3006 F: 229-386-7308 Dewey Lee, State Executive Coordinator deweylee@uga.edu Georgia Agricultural Commodity Commission 328 Agricultural Building Capitol Square Atlanta GA 30334 P: 404-656-3678 F: 404-656-9380 Illinois Corn Growers Association P.O. Box 1623 Bloomington IL 61702-1623 P: 309-557-3257 F: 309-827-0916 Rodney Weinzierl, Executive Director weinzierl@ilcorn.org ilcorn@ilcorn.org www.ilcorn.org Illinois Corn Marketing Board P.O. Box 487 Bloomington IL 61702-0487 P: 309-827-0912 F: 309-827-0916 Rodney Weinzierl, Executive Director weinzierl@ilcorn.org Indiana Corn Growers Association Indiana Corn Marketing Council 5757 W 74th St Indianapolis IN 46278 P: 800-735-0195 F: 317-347-3626 Chris Novak, Executive Director cnovak@indianacorn.org www.incorn.org Iowa Corn Growers Association Iowa Corn Promotion Board 5505 NW 88th Street Suite 100 Johnston IA 50131-2948 P: 515-225-9242 F: 515-225-0781 Craig Floss, Chief Executive Officer corninfo@iowacorn.org www.iowacorn.org Kansas Corn Growers Association Kansas Corn Commission P.O. Box 446 Garnett KS 66032 P: 785-448-6922 F: 785-448-6932 Jere White, Executive Director jwhite@ksgrains.com www.ksgrains.com/corn Kentucky Corn Growers Association Kentucky Corn Promotion Council P.O. Box 90 Eastwood KY 40018 P: 502-243-4150 800-326-0906 F: 502-243-4149 Todd Barlow, Executive Director barl6145@bellsouth.net info@kycorn.org www.kycorn.org Louisiana Soybean and Grain Research and Promotion Board P.O. Box 95004 Baton Rouge LA 70895-9004 P: 225-922-6200 F: 225-922-6229 Kyle McCann, State Checkoff Manager kylem@lfbf.org Maryland Grain Producers Association Maryland Grain Producers Utilization Board 53 Slama Road Edgewater MD 21037 P: 410-956-5771 F: 410-956-0161 Lynne Hoot, Executive Director lynnehoot@aol.com mgp@marylandgrain.com www.marylandgrain.com Michigan Corn Growers Association Corn Marketing Program of Michigan 12800 Escanaba Drive Suite B DeWitt MI 48820 P: 517-668-CORN (2676) F: 517-668-2670 Jody Pollok, Executive Director jpollok@micorn.org corninfo@micorn.org www.micorn.org Minnesota Corn Growers Association Minnesota Corn Research and Promotion Council 738 First Avenue East Shakopee MN 55379 P: 952-233-0333 F: 952-233-0420 Bruce Stockman, Executive Director stockman@mncorn.org info@mncorn.org www.mncorn.org Mississippi Corn Growers Association Mississippi Corn Promotion Board P.O. Box 9555 Mississippi State MS 39762 P: 662-325-231 F: 662-325-8742 Dr. Erick Larson elarson@pss.msstate.edu Missouri Corn Growers Association Missouri Corn Merchandising Council 31 Emerald Lane Jefferson City MO 65109 18 P: 573-893-4181 F: 573-893-4612 Gary Marshall, CEO gmarshall@mocorn.org mcga@mocorn.org www.mocorn.org Nebraska Corn Growers Association 1327 H Street #305 Lincoln NE 68508 P: 402-438-6459 888-267-6479 F: 402-438-7241 Scott Merritt, Executive Director scottmerritt65@aol.com necga1@cs.com www.necga.org Nebraska Corn Development, Utilization and Marketing Board P.O. Box 95107 Lincoln NE 68509-5107 P: 402-471-2676 800-632-6761 F: 402-471-3345 Don Hutchens, Executive Director D.hutchens@necorn.state.ne.us www.nebraskacorn.org New York Corn Growers Association 2269 DeWindt Road Newark NY 14513 P: 315-331-7791 F: 315-331-1294 Ann Peck, Executive Secretary ny.corn@starband.net www.nycorn.org Corn Growers Association of North Carolina Inc 7520-102 Leadmine Road Raleigh NC 27615 P: 919-844-71 F: 919-844-7260 16 Joyce Woodhouse, Executive Secretary jwoodhouse@earthlink.net North Dakota Corn Growers Association North Dakota Corn Utilization Council 1325 23rd Street South Fargo ND 58103 P: 701-239-7259 F: 701-298-7810 Jocie Iszler, Executive Director ndcorn@state.nd.us www.ndcorn.com Ohio Corn Growers Association Ohio Corn Marketing Program 1 East Center Street Marion OH 43302 100 (OCGA) P: 740-383-2676 (OCMP) P: 740382-0483 F: 740-387-0144 Dwayne Siekman, Executive Director dsiekman@ohiocorn.org www.ohiocorn.org Oklahoma Corn Growers Association c/o Raylon Earls 6205 Park Lane Guymon OK 73942 P: 580-338-1568 Pennsylvania Corn Growers Association P.O. Box 304 State College PA 16804 P: 814-863-1018 F: 814-863-7043 Greg Roth, Executive Secretary info@pacorngrowers.org www.pacorngrowers.org South Carolina Corn and Soybean Association P.O. Box 1 1280 Columbia SC 2921 1 P: 803-734-1767 F: 803-734 -9808 Aaron Wood, Executive Director www.scsoybeans.org South Dakota Corn Growers Association South Dakota Corn Utilization Council 5109 S. Crossings Place, Suite 1 Sioux Falls SD 57108 P: 605-334-0100 F: 605-334-0505 Lisa Richardson, Executive Director lisal@sdcorn.org www.sdcorn.org Tennessee Corn Growers Association 510 West Black Lane Obion TN 38240-3804 P: 731-536-6226 Polk Glover, Secretary/Treasurer polk@ken-tennwireless.com www.tncorn.org Corn Producers Association of Texas Texas Corn Producers Board 4205 N Interstate 27 Lubbock TX 79403 P: 806-763-2676 F: 806-762-2674 David Gibson, Executive Vice President (CPAT) David Gibson, Executive Director (TCPB) dgibson@texascorn.org tcpb@texascorn.org www.texascorn.org Virginia Corn Growers Association P.O. Box 16402 Chesapeake, VA 23328 P: 757-421-3038 F: 757-421-2776 Molly Pugh, Executive Director mollypugh@cox.net Virginia Corn Board Virginia Department of Agriculture & Consumer Services 102 Governors Street, Room 319 Richmond VA 23219 P: 804-371-6157 F: 804-371-7786 Phil Hickman, Program Director Phil.hickman@vdacs.virginia.gov Wisconsin Corn Growers Association (WCGA) Wisconsin Corn Promotion Board (WCPB) W1360 Highway 106 Palmyra WI 53156 P: 262-495-2232 F: 262-495-3178 Robert Oleson, Executive Director wicorn@idcnet.com

16

www.ncga.com

2007 World of Corn

*06

36

46

56

66

76

86

96

97

98

99

00

01

05

752

500

826

883

1,308

1,596

Corn Belt

1,718

1,899

1,967

17