corn growers' profits to top $200 an acre

Hi all,

The fert sector continues to enjoy increasing focus & coverage by analysts & commentators. The following article on Agrimoney.com overnight:

"Corn growers' profits to top $200 an acre
11:26 UK, 8th February 2011, by Agrimoney.com

America's corn farmers are, for a second successive year, to reap profits of more than $200 an acre, creating fertile ground for shares in nutrient groups, Credit Suisse has said.

The bank, in a note foreseeing "limited downside risk" to shares in fertilizer groups, pegged corn farmers out-earning peers in soybeans and wheat this year, with a profit of more than $205 an acre.

The estimate - which comes as US growers are weighing up options for spring sowings, a process widely expected to favour increased corn area would put profits in line with last year's $206.70 per acre, a figure huge by historical estimates.

In 2008, the best year of the last rally in grain prices, profits reached $101.10 an acre, with corn famers suffering at least nine years in the red in a losing streak which ended in 2006...."

http://www.agrimoney.com/news/corn-growers-profits-to-top-$200-an-acre--2796.html