date:May 17, 2012
ing on planted acres, youre going to increase the amount of money paid to corn and soybeans in this country, Outlaw said.
At another point in the hearing, agricultural economist Gary Schnitkey of the University of Illinois said that planted acres of corn and soybeans have increased in regions outside of the Midwest, while acreage of wheat and other crops has declined.
Peterson asked the economists what would happen if prices for corn fell to $3 a bushel and stayed there for several years, lo