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Ethanol demand will require more corn acres--Using current yield figures, farmers must grow up to 90 million acres of corn acres by 2010 an increase of 10 million more than in 2006--to keep up with the demand for fuel ethanol, according to USDA chief economist Keith Collins. Current yield spreads on existing assets are 320 and 420 basis points above long-term government bonds in Manhattan and London respectively. Calculate the various yield measures such as current yield & yield-to-maturity |
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