Reshaping the corn industry and responding to challenge.

State Checkoffs State Associations Both

The National Corn Growers Association (NCGA) is the largest national nonprofit organization representing the interests of U.S. corn producers. Through the checkoff investments of corn producers nationwide and the commitment of dedicated grower leaders, NCGA is redefining the role of corn in the worlds future through research, market development, public policy, production and education. You can join nearly 33,000 corn producers involved in NCGA by connecting with one of the 26 state corn organizations across the nation. With your help, we can continue the remarkable achievements of Americas corn industryand reenergize the future for U.S. corn producers.

Visit www.ncga.com for more details and updates on the corn industry. National Headquarters 632 Cepi Drive Chesterfield, MO 63005 636.733.9004 Washington, DC Office 122 C St. NW, #510 Washington, DC 20001 202.628.7001

2005 WORLD OF CORN

World of Corn 2005 National Corn Growers Association

Rick Tolman
Chief Executive Officer NCGA

Leon Corzine
President NCGA

2005 WORLD OF CORN

Reposition
More than 50 percent of U.S. corn acres will be planted with Biotech seed in 2005. Biotech corn was introduced just 10 years ago. One American farmer grows enough food to feed 129 people. For every barrel of ethanol produced, 1.2 barrels of petroleum are displaced at refineries. One acre of corn can produce enough ethanol to run a car for some 72,000 miles on E-10 Unleaded (a blend of 10% ethanol and 90% ordinary unleaded gasoline.)

Corn is mapping the path to a carbohydrate-based economy.

Millions of bushels of corn are rapidly replacing millions of barrels of oil in fuel, plastics, solvents and cleanerssignaling the evolution from a petroleum-based economy to a carbohydrate-based economy. Research and improved refining are uncovering new ways to convert the various components of corn into renewable, high-value products that are changing the face of manufacturing and industry. As the demand for oil increases, the worlds ability to produce an abundant and renewable supply of corn-based fuel, plastics and fibers signals a new age of innovation based on sustainability.
Photo courtesy Ag Processing Inc.

Creating esters from corn Corn checkoff funds are supporting research on reactive distillation, a new process that can produce chemicals of high purity from complex product streams within a production plant. The process has several advantages over conventional separation technologiesand could result in ethanol plants being able to produce esters, a class of chemicals used for making products such as solvents and plastics. The lower capital cost of reactive distillation means that smaller, grower-owned processing facilities can employ this technologyenhancing profitability while diversifying risk and using more corn. Even better corn for a hungry world Biotechnology isnt just about growing more corn. Its also about growing corn thats even more nutritious for humans and livestock. Vitamin C and vitamin E are now derived from cornand economical lysine from corn now helps supplement livestock feed. The world population is projected to reach eight billion by 2030. The number of farmers in the United States continues to declineand there is greater pressure on corn acres as urban sprawl encroaches on what once was agricultural land. With the potential of drought-resistant corn hybrids and corn with pharmaceutical characteristics, its clear that solutions to major challenges in health, hunger and nutrition are growing in the worlds cornfields.

By 2010, U.S. ethanol production could displace the equivalent of 311,000 barrels of imported crude oil per daymore than one large oil tanker per week.
3

2005 WORLD OF CORN

Renew
Ethanol production results in a net energy gainproducing 67% more energy than it takes to grow and process the corn for ethanol. One acre of corn can produce enough PLA to make about 188,000 yogurt cups.

Corn is a natural resource that is fueling change.

Ethanol is, without a doubt, the biggest success story in the corn industry since the development of corn hybrid technology in the early 20th centurydue in great part to the checkoff investments of American corn growers over the past 20 years. Ethanol is having a dramatic and positive effect on Americas energy security, air quality and economic vitality. California alone consumed 900 million gallons of ethanol during 2003the equivalent of 321 million bushels of corn. And ethanol is poised to be the hydrogen source of choice in new automotive fuel cell technology.
Replacing petroleum in plastics PLA, a cornderived polymer, is being used to create fibers and plastics that are biodegradableand 100% renewable. Food packaging, clothing, bedding, dishes, cutlery and carpeting are being made from this innovative corn-based product. Asia has been especially receptive to PLA. Taiwans new environmental policies restricting the use of traditional plastics have led them to embrace PLA products. In Japan, you can even purchase CD players made from PLA! More corn with fewer chemicals In 2004, U.S. producers planted more acres of biotech corn hybrids than ever before. But its not just about achieving higher yields. Biotech hybrids reduce the use of pesticides, thus lessening the impact of chemicals on the environment and improving human safety. Growers have accepted the responsibility for managing biotech hybrids in a manner that allows them to enjoy the benefits, while maintaining the delicate balance of nature. By enhancing production on existing acres, biotechnology also helps preserve biodiversity on acres that dont have to be converted into cropland to meet world demand for food, feed, fiber and fuel.

Bt corn hybrids with resistance to European corn borer have reduced insecticide use by more than 3.6 million pounds annually.
5

2005 WORLD OF CORN

Revitalize
A typical 40-million-gallon ethanol plant creates 32 full-time jobs and generates an additional $1.2 million in annual tax revenue for a community. Americans spend about 9 percent of their income on foodless than any other nation. In Japan, its 17 percent. South Africa: 27 percent. And India: 53 percent. It takes more than four bushels of corn to produce a typical Thanksgiving dinner of turkey, ham and traditional side dishes for ten people. A 40-million gallon ethanol plant increases area corn value by 5 per bushel or morecreating more than $6 million in economic activity for the community.

Corn energizes Americas bodies and Americas rural economy.

Safe and affordable food nourishes Americas bodiesand minds. As a nation with strong agrarian roots, America continues to depend on agriculture as a strategic national asset. An abundant, affordable and safe food supply provides Americaand Americansthe security and financial flexibility to invest dollars in technology, innovation and opportunity. From the great flavor and nutrition of corn-fed beef to the tasty refreshment of a corn-sweetened soft drink to a hearty breakfast of cornflakesAmericans enjoy the safest and cheapest food in the world.
A powerful partnership for rural development The relationship among corn, livestock and ethanol production creates an economic engine that is reenergizing rural America. Ethanol plants increase demand for the local corn cropadding value and income for area growers and stimulating economic activity and services in local communities. Many of the new ethanol plants are being built by farmer-owned cooperatives, providing growers with the opportunity to participate in an industry that adds value to the crops they growand generating more revenue and jobs in their communities. Producing high quality protein The largest customer for U.S. corn growers continues to be the livestock industry. More than half of the corn produced is fed to livestock and poultryproviding delicious, lean and healthful meat and protein products for America and the world. The United States sets the standard for high quality beefand many countries now define quality by the number of days beef cattle were on a corn-based ration. Partnering with livestock producers Distillers grains, a co-product of ethanol production, have become a high-value feed of choice for beef, dairy, swine and poultry. Corn checkoff dollars are funding research focused on converting the solubles in distillers grains into protein blocks for use by cow-calf producersthus reducing the level of phosphorus in feedlot operations while providing much-needed phosphorus in range and pasture cattle production.
The USDA compared the average cost of a bag of groceries containing:
1Gallon of Milk, 1 Dozen Eggs, a 5-Pound Block of Cheddar Cheese, a 2-Pound Sirloin Steak and a 2-Pound Bag of Apples United States London, England Rome, Italy Madrid, Spain Paris, France Tokyo, Japan

$18.79 $23.19 $27.38 $27.38 $30.10 $74.23

Source: World of Corn 2004

2005 WORLD OF CORN

U.S. farmers play an important role in feeding, clothing and fueling the world. Monsanto salutes you and your contribution.

Monsanto, Imagine and the vine symbol are trademarks of Monsanto Technology, LLC 2005 Monsanto Company

Report

Important statistics regarding the production, processing and progress of corn.

Resource
for The endosperm accounts nels about 82 percent of the ker source of dry weight and is the n for energy (starch) and protei arch is the germinating seed. St part of the the most widely used rch in kernel and is used as a sta ponent foodsor as the key com stics in fuel, sweeteners, biopla and other products. covering The pericarp is the outer and that protects the kernel value preserves the nutrient d water inside. It resists water an to vaporand is undesirable nisms. insects and microorga part of The germ is the only living contains the corn kernel. The germ ation, the essential genetic inform d minerals enzymes, vitamins an a corn for the kernel to grow into of plant. About 25 percent the most the germ is corn oil , which valuable part of the kernel fats is high in polyunsaturated and has a mild taste. ent The tip cap is the attachm cob, point of the kernel to the rients through which water and nut area of the flowand is the only pericarp. kernel not covered by the

One Bushel of Corn

(56 lbs.) Provides: 31.5 lbs. of starch
OR

World Corn Production

U.S. Corn at a Glance, 2004
Acres Planted

U.S. Corn Production by State, 2004

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

33 lbs. of sweetener
OR

80.9 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.

2.8 gal. of fuel ethanol

Inside the amazing grain thats reinventing the way we live.

73.6 million

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

Production

11.8 billion bushels

Average Yield

160.4 bushels per acre

Corn Crop Value

1.5 lbs. of corn oil

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

$23.0 billion
Average Price

$1.95 per bushel

Components of Yellow Dent Corn
Wet Weight

3.8% Corn Oil

U.S. Select Crop Value, 2004

19.2% Water 19.2% Protein & Fiber 61% Starch

Total Digestible Nutrients (TDN)

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

Sorghum

Soybeans

Wheat

Barley

Corn

Oats

220 53 320 540 1,200 31 160 70 335 230 1 1,750 5,700 12,700 3,100 1,210 420 28 490 20 2,200 7 ,500 460 2,950 70 8,250 4 15 86 125 980 820 1,800 3,350 250 58 1,400 2 315 4,650 680 1,830 55 95 500 170 48 3,600 90

195 27 305 150 1,040 153 32 280 75 1 1,600 5,530 12,400 2,880 1,140 410 425 1,920 7 ,050 440 2,880 15 7 ,950 72 58 500 740 1,150 3,1 10 200 28 980 295 4,150 615 1,680 12 360 105 29 2,600 51

123 1 80 140 175 135 152 90 130 170 1 80 168 1 81 150 152 135 153 134 159 136 162 143 166 143 1 80 122 1 17 105 158 150 170 140 100 130 140 139 155 145 200 131 136 131 160

23,985 4,860 42,700 26,250 140,400 23,256 2,880 36,400 12,750 2,088,000 929,040 2,244,400 432,000 173,280 55,350 65,025 257 ,280 1,1 20,950 59,840 466,560 2,145 1,31 9,700 10,296 10,440 61,000 86,580 120,750 491,380 30,000 4,760 137 ,200 29,500 539,500 86,100 233,520 1,860 52,200 21,000 3,799 353,600 6,681 1 1,807 ,217

Billions of Dollars

$0.2

$0.7

$0.8

$7.3

$17.0

23.0

80,930 73,632

Source: USDA, NASS, Crop Production, 2004 Summary, Jan. 2005 USDA, ERS, Outlook Report, Jan. 2005

Source: USDA, NASS, Crop Production, 2004 Summary, January 2005

11

2005 WORLD OF CORN

U.S. All Crop Acres Harvested, 2004

Thousand Acres

U.S. Corn Acres Planted, 1934-2004

100,563

Thousand Acres

Other 4% Sunflower 1% Oats 1% Rice 1% Barley 1% Corn (silage) 2% Sorghum (grain) 2% Cotton 4% Wheat 16% Corn (grains) 24%

Others 5% Romania 1% S. Africa 1% Ukraine 3% 80,930 78,894 75,702 78,603 Brazil 4% China 5%

World Corn Exports, 2004-05*

Million Bushels United States Argentina China Brazil Ukraine South Africa Romania Paraguay EU Thailand Others Total

Argentina 15%

Soybeans 24% Hay 20%

Source: USDA, NASS, Corn total acreage, utilization, price and value of production 1934 to date.

1,949 453 158 1 18 79 39 39 24 19 17 80 2,975

95,475

79,229

79,537

80,165

78,921

65,823

80,517

82,185

'34

'54

'64

'74

77,935

'95

71,479

77,386

'00

79,551

'84

'97

'98

'01

'02

'44

'94

'96

'99

'03

'04

U.S. 66%

U.S. Corn Production, 1934-2004

Corn (grain) 73,632 6,103 Corn (silage) Soybeans 73,958 Hay 61,916 Wheat 49,999 Cotton 13,057 Sorghum (grain) 6,517 Sorghum (silage) 352 Barley 4,021 Rice 3,325 Oats 1,792 Sunflower 1,71 1 Peanuts 1,394 Sugar Beets 1,307 Dry Edible Beans 1,219 Potatoes 1,168 Sugar Cane 952 Canola 828 Proso Millet 595 Flaxseed 516 Dry Edible Peas 508 Tobacco 409 Lentils Rye Safflower Sweet Potatoes Peppermint Oil Mustard Seed Hops Other Total 329 320 159 93 78 69 28 51

10,050,520

9,758,685

9,232,537

9,206,832

9,430,612

9,502,580

7,672,130

7,400,051

8,966,787

10,089,222

9,915,051

1 1,807,217

*October Through September Marketing Year Source: USDA/Foreign Agriculture Service, Grain: World Markets and Trade, Jan. 13, 2005

Thousand Bushels

4,701,402

World Corn Production, 2004-05* Percentage of Biotech Acreage, 2002-04

Bt State '02 '03 '04 IL 1 23 26 8 IN 7 8 1 1 IA 31 33 36 KS 25 25 25 MI 12 1 15 8 MN 29 31 35 MO 27 32 32 NE 34 36 41 OH 6 6 8 SD 33 34 28 WI 15 21 22 Others 14 17 19 U.S. 22 25 27 Herbicide Tolerant '02 '03 '04 3 4 5 6 7 8 7 8 10 15 17 24 8 14 14 1 15 17 1 6 9 13 9 1 13 1 3 3 4 23 24 30 9 9 14 12 17 21 9 1 13 1 Stacked Traits '02 '03 '04 1 1 2 - 1 2 3 4 8 2 5 5 2 3 4 4 7 1 1 2 1 4 4 5 6 - 1 10 17 21 2 2 2 2 2 6 2 4 5 All Biotech Hybrids '02 '03 '04 22 28 33 13 16 21 41 45 54 43 47 54 22 35 33 44 53 63 34 42 49 46 52 60 9 9 13 66 75 79 26 32 38 27 36 46 34 40 45 Canada 1% South Africa 1% Romania 2% India 2% Argentina 2% Mexico 3% Brazil 6% EU 7%

2,801,612

306,406

1,146,734

2,707,913

3,484,253

Other 15%

'34

'54

'64

'74

'84

'95

'97

'98

'00

'01

'02

'04

'44

'94

'96

'99

'03

Source: USDA, NASS, Crop Production, 2004 Summary, Jan. 2005

Source: USDA, NASS, Corn total acreage, utilization, price and value of production 1934 to date.

U.S. 43%

U.S. Corn Acres Harvested, 1934-2004

85,002 73,632 72,644 72,671

U.S. Average Corn Yields, 1934-2004

160.4
Million Bushels

China 18%

138.6

134.4

133.8

136.9

138.2

71,897

72,589

72,440

70,487

70,994

68,668

65,405

65,210

68,768

69,330

72,514

61,245

106.7

1 13.5

126.7

127.1

129.3

142.2

Bushels per Acre

Thousand Acres

Source: USDA, NASS, Acreage Report, June 30,2004

Million Bushels United States China EU Brazil Mexico Argentina

55,369

1 1,807 4,960 2,066 1,653 827 669

18.7

33.0

India Romania South Africa Canada Others Total

551 472 382 348 3,845 27,580

39.4

62.9

71.9

'34

'54

'64

'74

'84

'95

'97

'98

'00

'01

'02

'04

'44

'94

'96

'99

'03

'34

'54

'64

'74

'84

'95

'97

'98

'00

'01

'44

'94

'96

'99

'02

'03

'04

*Estimates based on USDA, FAS Attachee reports Source: USDA/Foreign Agriculture Service, Grain: World Markets and Trade, Jan. 13, 2005

Source: USDA, NASS, Corn total acreage, utilization, price and value of production 1934 to date.

Source: USDA, NASS, Corn total acreage, utilization, price and value of production 1934 to date.

Biotech Share of U.S. Corn Acres Planted, 2004

Thousand Acres

U.S. Corn Prices, 1954-2004

$3.24 $3.02

U.S. Corn Crop Value, 1954-2004

$25.15 $24.80 $24.20 $22.87 $23.02 $22.35

2,177

2,228

1,981

1,865

1,937

1,941

$2.71

1,905

$20.14

$20.97

$2.63

$18.92

$18.50

$18.89

$2.42

$2.43

1,797

Bt 27% Total Non-Biotech 55% 80,968

$2.26

$2.32

$1.97

$1.95

Dollars per Bushel

$1.43

$1.82

$1.85

Billions of Dollars

$1.17

$14.23

$1.94

$17.10

Herbicide Tolerant 13% Stacked Traits 5% '74 '84 '98 '00 '02 '95 '97 '01 *'03 **'04 '94 '96 '99

Million Bushels

$3.87

$4.06

'84

'89

'95

'97

1,504

'98

'00

'01

'02

1,588

1,897 '03

**'04

*'03

*Estimates for marketing year ending Aug. 31, 2004 **Source: USDA, ERS, Feed Outlook, Jan. 2005 Projections for marketing year ending Aug. 31, 2005

*Estimates for marketing year ending Aug. 31, 2004 **Source: USDA, ERS, Feed Outlook, Jan. 2005 Projections for marketing year ending Aug. 31, 2005

Source: USDA, NASS, Acreage Report, June 30, 2004

*Estimates for marketing year ending Aug. 31, 2005 Source: USDA/FAS, Grain: World Markets and Trade, Jan. 13, 2005

*'04
13

'94

'96

'74

'84

'98

'00

'94

'96

2005 WORLD OF CORN

'99

'02

'54

'64

'95

'97

'01

'99

'54

'64

1,949

Non-Biotech 44,532 Bt 21,861 Herbicide Tolerant 10,526 Stacked Traits 4,049

U.S. Corn Exports, 1984-2004

2,368

3,410

256

272

280

251

248

230

226

219

229

234

240

172

1,630

1,770

2,130

1,400

1,400

1,470

1,350

1,300

Million Bushels

1,100

533

Million Bushels

870

430

Ethanol 13% Feed/Residual 56% Export 18% Million Bushels Feed/Residual 6,075 Export 1,950 Food, Seed, Industrial Ethanol 1,425 HFCS 529 Starch 280 Sweeteners 219 Cereal/Other 189 Alcohol 133 Seed 20 Total Use 10,820
*Marketing year ending Aug 31, 05 Source: USDA, ERS, Feed Outlook, Jan 05

232

321

'95

396

429

481

Other 8%

526

566

628

HFCS 5%

Millions of Gallons

706

996

246

U.S. Corn Usage by Segment, 2004

2,810

1,168 '03

'84

'89

'95

'97

'98

'00

'01

'94

'96

'99

'02

'03

*'04

*'04

*Estimate for Calendar Year 2004 Source: Renewable Fuels Association

*Marketing Year Ending Aug. 31, 2005 Source: USDA, ERS, Feed Outlook, Jan. 2005

*Marketing Year Ending Aug. 31, 2005 Source: USDA, ERS, Feed Outlook, Jan. 2005

U.S.Ethanol Fuel Production Facilities, 2004

COMPANY [capacity - million gal/yr] LOCATION York, NE Colwich, KS Portales, NM Stanley, WI Lena, IL Hastings, NE Albert Lea, MN Luverne, MN Grafton, ND Claremont, MN Denison, IA Decatur, IL Cedar Rapids, IA Clinton, IA Columbus, NE Marshall, MN Peoria, IL Wallhalla, ND Pekin, IL Aurora, NE Monroe, WI West Burlington, IA Scotland, SD Atwater, MN Blair, NE Eddyville, IA Goldfield, IA Little Falls, MN Plover, WI Hastings, NE Benson, MN Hopkinsville, KY Winnebago, MN Wentworth, SD Morris, MN Garnett, KS Leoti, KS Bingham Lake, MN Watertown, SD Corona, CA Mason City, IA Craig, MO Muscatine, IA Granite Falls, MN Chancellor, SD Iowa Falls, IA Winthrop, MN Aberdeen, SD Huron, SD Plainview, NE FEEDSTOCK Corn/milo Corn/milo Corn/milo Corn Corn Corn Corn Corn Corn Corn Corn Corn Corn Corn Corn Corn Corn Corn/barley Corn Corn Corn Corn Corn Corn Corn Corn Corn Corn Seed Corn Corn Corn Corn Corn Corn Corn Corn Seed corn Corn Corn Cheese whey Corn Corn Corn Corn Corn Corn Corn Corn Corn Corn COMPANY [capacity - million gal/yr] Iowa Ethanol, LLC* [45] Illinois River Energy, LLC [50] James Valley Ethanol, LLC [45] KAAPA Ethanol, LLC* [40] Land O' Lakes* [2.6] Lincolnland Agri-Energy, LLC* [40] Lincolnway Energy, LLC* [50] Liquid Resources of Ohio [4] Little Sioux Corn Processors, LP* [49] Merrick/Coors [1.5] Michigan Ethanol, LLC [45] MGP Ingredients, Inc. [78] LOCATION FEEDSTOCK Corn Corn Corn Corn Cheese whey Corn Corn Waste Beverage Corn Waste beer Corn Corn/wheat starch Corn Corn Corn Brewery waste Corn Corn Corn Corn Corn Corn Corn/Grain Sorghum Beverage waste Sugars & starches Corn Corn Corn Corn Corn/milo Corn Corn Corn Corn Corn Corn Corn Milo/wheat starch Corn Corn Corn Corn Corn Corn Corn

High-Fructose Corn Syrup Usage, 1984-2004

Abengoa Bioenergy Corp. [95] ACE Ethanol, LLC [30] Adkins Energy, LLC* [40] AGP* [52] Agra Resources Coop. d.b.a. EXOL* [38] Agri-Energy, LLC* [21] Alchem Ltd. LLLP [10.5] Al-Corn Clean Fuel* [30] Amaizing Energy, LLC* [40] Archer Daniels Midland [1070]

Food, Seed & Industrial (FSI) Usage, 1984-2004

Million Bushels

Million Bushels

1,067

1,370

Aventine Renewable Energy, Inc. [140] Badger State Ethanol, LLC* [48] Big River Resources, LLC* [40] Broin Enterprises, Inc. [9] Bushmills Ethanol, Inc.* [40] 18] Cargill, Inc. [1 Central Iowa Renewable Energy, LLC* [50] Central MN Ethanol Coop* [20] Central Wisconsin Alcohol [4] Chief Ethanol [62] Chippewa Valley Ethanol Co.* [42] Commonwealth Agri-Energy, LLC* [20] Corn Plus, LLP* [44] Dakota Ethanol, LLC* [48] DENCO, LLC* [21.5] East Kansas Agri-Energy, LLC* [35] ESE Alcohol Inc. [1.5] Ethanol2000, LLP* [30] Glacial Lakes Energy, LLC* [48] Golden Cheese Company of California* [5] Golden Grain Energy, LLC* [40] Golden Triangle Energy, LLC* [20] Grain Processing Corp. [10] Granite Falls Energy, LLC [45] Great Plains Ethanol, LLC* [42] Hawkeye Renewables, LLC [45] Heartland Corn Products* [36] Heartland Grain Fuels, LP* [22] Husker Ag, LLC* [23]

*Marketing Year Ending Aug. 31, 2005 Source: USDA, ERS, Feed Outlook, Jan. 2005

*Marketing year ending Aug. 31, 2005 Source: USDA, ERS, Feed Outlook, Jan. 2005

Sweetener Usage, 1984-2004 U.S. Corn Ending Stocks, 1934-2004

1,960 1,899 237 246 245 222 1,787 221 219 228 231 219 1,718 1,596 193 217 219

Hanlontown, IA Rochelle, IL Groton, SD Minden, NE Melrose, MN Palestine, IL Nevada, IA Medina, OH Marcus, IA Golden, CO Caro, MI Pekin, IL Atchison, KS Malta Bend, MO Mid-Missouri Energy, Inc.* [40] Lakota, IA Midwest Grain Processors* [50] Sutherland, NE Midwest Renewable Energy, LLC [15] Olympia, WA Miller Brewing Co. [0.7] Buffalo Lake, MN Minnesota Energy* [18] South Bend, IN New Energy Corp. [100] Macon, MO Northeast Missouri Grain, LLC* [40] Big Stone City, SD Northern Lights Ethanol, LLC* [45] Lake Crystal, MN Northstar Ethanol, LLC [50] Ashton, IA Otter Creek Ethanol, LLC* [45] Dumas, TX Panhandle Energies of Dumas, LP [30] Louisville, KY Parallel Products [5.4] R. Cucamonga, CA Hopkinton, IA Permeate Refining [1.5] Steamboat Rock, IA Pine Lake Corn Processors,LLC* [20] Central City, NE Platte Valley Fuel Ethanol, LLC [40] Preston, MN Pro-Corn, LLC* [40] Galva, IA Quad-County Corn Processors* [23] Garden City, KS Reeve Agri-Energy [12] Sioux Center, IA Siouxland Energy & Livestock Coop* [18] Hudson, SD Sioux River Ethanol, LLC* [45] Coon Rapids, IA Tall Corn Ethanol, LLC* [49] Loudon, TN Tate & Lyle [67] Trenton, NE Trenton Agri Products, LLC [30] Rosholt, SD Tri-State Ethanol Co., LLC* [18] Friesland, WI United WI Grain Producers, LLC* [40] Russell, KS U.S. Energy Partners, LLC [40] Oshkosh, WI Utica Energy, LLC [48] Aurora, SD VeraSun Energy Corporation [100] 10] Ft. Dodge, IA VeraSun Fort Dodge, LLC [1 Emmetsburg, IA Voyager Ethanol, LLC* [50] Campus, KS Western Plains Energy, LLC* [30] Western Wisconsin Renewable Energy, LLC* [40] Boyceville, WI Torrington, WY Wyoming Ethanol [5] * farmer-owned under construction

540

532

537

541

532

1,704

1,612

1,692

1,782

1,822

1,913

1,967

2,046

2,340

2,537

2,795

'84

310

'89

368

465

'95

482

504

'97

'98

'00

'01

'02

530

531

'97

'00

'94

'96

'99

'84

'89

'95

'98

'01

'02

'03

1,381

1,558

*'04

1,147

1,308

1,035

1,087

883

958

Million Bushels

Million Bushels

61

315

361

426

'84

167

'89

'95

'97

'98

'00

'01

'94

'96

'99

'02

'03

*'04

*'04

'34

'54

'64

'74

'84

'95

'97

'98

'00

'01

'44

'94

'96

'99

'02

'03

*'04

'94

'96

'99

'03

529

*Estimates for marketing year ending Aug. 31, 2005 Source: USDA/FAS, Grain: World Markets and Trade, Jan. 13, 2005

*Marketing Year Ending Aug. 31, 2005 Source: USDA, ERS, Feed Outlook, Jan. 2005

Source: Renewable Fuels Association, Jan. 2005

*'04
15

'84

'89

'97

'98

'00

'01

'94

'96

'84

'89

'98

'00

'94

'96

'99

'02

2005 WORLD OF CORN

'03

'99

'02

'95

'97

'01

1,425

Corn Consumption

Starch Usage, 1984-2004

U.S. Fuel Ethanol Production, 1984-2004

Corn Used for Ethanol Production, 1984-2004

Top World Corn Importers, 2004-05*

Iran 2% Malaysia 3% Columbia 3% Canada 3% EU 3% Egypt 6%
Million Bushels

Leading U.S. Corn Export Markets (Since 2001)

Japan Mexico Taiwan Egypt Canada South Korea Colombia Algeria Dominican Rep. Turkey Other 2001-'02 597 .3 1 .1 87 196.8 1 86.1 103.3 56.3 68.7 59.1 42.4 30.5 362.2 2002-'03 599.5 198.2 170.4 1 12.2 1 13.9 10.4 63.6 36.5 38.9 38.3 190.5 2003-'04 603.8 230.7 1 85.1 129.9 49.7 148.7 73.9 55.3 33.0 27 .9 359.1 3-Year Total 1,800.6 616.0 552.3 428.2 266.9 215.4 206.2 150.9 1 14.3 96.7 91 1.8

U.S. Meat Exports by Animal Group, 1991-2004

Thousand Metric Tons

U.S. Corn Usage by Segment, 1991-2004

Million Bushels

3000 2500 2000 1500 1000 500 '98 '97 '91 '92 '93 '94 '96 '99 '95
Pork Beef Poultry

7000 6000 5000 4000 3000 2000 1000 '02 *'04 '03 '98 '02 '02 '97 '91 '94 '96 '99 '00 '92 '93 '95 '01
Food, Seed & Industrial Exports Feed & Residual

Taiwan 6%

Other 33%

'00

'01

Mexico 8%

*Marketing Year Ending Aug. 31, 2005

Source: ProExporter Network (PRX)

*Marketing Year Ending Aug. 31, 2005

Source: USDA, ERS, Feed Outlook, Jan. 2005

Source: USDA/FAS; U.S. Export Sales, Marketing Year Summary

South Korea 1 1%

Japan 22%

World Corn Consumption, 2004-2005*

Total = 26,888 8,870

U.S. Corn Fed by Animal Group, 1991-2004

Million Bushels

U.S. Corn Fed by Region, 1991-2004

Million Bushels*

Million Bushels

1,079

1,575

366

413

Total

2,975

417

551

622

Million Bushels Japan South Korea Mexico Taiwan Egypt EU

661 313 228 173 169 98

2,075

Canada Columbia Malaysia Iran Others

87 87 87 75 997

5,236

5,684

2000
Beef

3000
Non-Corn Belt

1 500
Poultry

2500 2000 1500

1000 500

Pork Dairy Other Corn Belt

Canada

India

Japan

China

Romania

Egypt

Mexico

Brazil

U.S.

Others

*October through September marketing year Source: USDA/Foreign Agriculture Service, Grain: World Markets and Trade, Jan. 13, 2005

EU

'98

'02

*'04

'91

'97

'00

'94

'96

'99

'92

'93

'01

'03

'95

'98

'91

'94

'96

'97

'99

'00

'01

*October through September marketing year. Source: USDA/Foreign Agriculture Service, Grain: World Markets and Trade, Jan. 13, 2005

*Marketing Year Ending Aug. 31, 2005

Source: ProExporter Network (PRX)

*Based on PRX calculations of feed usage with residual usage removed. **Marketing Year Ending Aug. 31, 2005 Source: ProExporter Network (PRX)

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 Marketing Communications, Ext. 1 12 www.ncga.com 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 E: 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 E: info@corn.org Libby Mikesell, Exe. Director of Communications North American Millers Association 600 Maryland Ave. SW, #450 East Washington, DC 20024 P: 202-484-2200 F: 202-488-7416 E: generalinfo@namamillers.org Betsy Faga, President www.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 Karen Reardon, Dir. of Communications www.croplifeamerica.org The Fertilizer Institute Union Center Plaza 820 First Street NE #430 Washington, DC 20002 P: 202-962-0490 F: 202-962-0577 Harriet Wegmeyer, Dir. of Communications E: hwegmeyer@tfi.org EXPORTS U.S. Grains Council 1400 K Street, NW, #1200 Washington, DC 20005 P: 202-789-0789 F: 202-898-0522 E: grains@grains.org Cheri Johnson, Communications Manager www.grains.org FOOD AND SNACK CORN Florida Sweet Corn Exchange P.O. Box 140155, Orlando, Florida 32814 P. 321-214-5200 F: 321-214-0210 Danny Raulerson, Marketing Manager E: dannyraulerson@ffva.com Popcorn Institute 401 N Michigan Ave, Chicago, IL 6061 1-4267 P: 312-644-6610 F: 312-321-5150 Genny Bertalmio, Marketing Manager E: gbertalmio@sba.com Snack Food Association 171 King Street, Ste. #1 1 Alexandria, VA 22314 P: 703-836-4500 (ext. 204) F: 703-836-8262 E: awilkes@sfa.org Ann Wilkes, VP of Communication 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 E: 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. E: Mgemskie1@cbot.com RENEWABLE FUELS Renewable Fuels Association One Massachusetts Ave, NW #820 Washington, DC 20001 P: 202-289-3835 F: 202-289-7519 Monty Shaw, Dir. of Communications E: mshaw@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: 703-524-192 Rex Runyon, VP of PR E: rrunyon@afia.org www.afia.org National Cattlemens Beef Association 91 E. Nichols Ave., Centennial, CO 801 10 12 P: 303-694-0305 F: 303-694-285 Dianne Henderson, Comm. Manager E: dhenderson@beef.org www.beef.org National Grain & Feed Association 1250 I 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 E: Jeff.hartz@porkboard.org www.porkboard.org US Poultry & Egg Association 1530 Cooledge Road Tucker, GA 30084-7303 P: 770-493-9401 F: 770-493-9257 Sylvia Small, VP of Comm. E: 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 Kara Flynn, Dir. of Comm. E: flynnk@nppc.org www.nppc.org Alabama Soybean and Corn Association 13868 County Road 400 Hillsboro, AL 35643 Colorado Corn Growers Association, Colorado Corn Administrative Committee 127 22nd Street, Greeley CO 80631 P: 970-351-8201 F: 970-351-8203 E: info@coloradocorn.com www.coloradocorn.com John Cevette, CEO E: jcevette@coloradocorn.com Georgia Corn Growers Association PO Box 1209, Tifton GA 31793 P: 229-386-3430 F: 229-386-7308 Dewey Lee, State Executive Coordinator E: 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 PO Box 1623, Bloomington IL 61702-1623 P: 309-557-3257 F: 309-827-0916 E: ilcorn@ilcorn.org www.ilcorn.org Rodney Weinzierl, Executive Director E: weinzier@ilcorn.org Illinois Corn Marketing Board PO Box 487, Bloomington IL 61702-0487 P: 309-827-0912 F: 309-827-0916 Rodney Weinzierl, Executive Director E: weinzier@ilcorn.org Indiana Corn Growers Association, Indiana Corn Marketing Council 225 S East Street, Suite 737 Indianapolis IN 46202 P: 317-692-7151 F: 317-692-7148 E: incorngrowers@hotmail.com www.incorn.org Dennis Whitsitt, President ICGA Dean Eppley, Chairman ICMC 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 E: corninfo@iowacorn.org www.iowacorn.org Craig Floss, Chief Executive Officer E: cfloss@iowacorn.org Kansas Corn Growers Association, Kansas Corn Commission PO Box 446, Garnett KS 66032 P: 785-448-6922 F: 785-448-6932 Jere White, Executive Director E: jwhite@ksgrains.com www.ksgrains.com/corn Kentucky Corn Growers Association, Kentucky Corn Promotion Council PO Box 90, Eastwood KY 40018 17603 Curry Branch Rd, Louisville KY 40245 P: 502-243-4150 800-326-0906 F: 502-243-4149 E: info@kycorn.org www.kycorn.org Todd Barlow, Executive Director E: barl6145@bellsouth.net Louisiana Soybean and Grain Research and Promotion Board PO Box 95004 951 Airline Hwy Broadview Sta 6 Baton Rouge LA 70895-9004 P: 225-922-6200 F: 225-922-6229 Kyle McCann, State Checkoff Manager E: 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 mgp@marylandgrain.com www.marylandgrain.com Lynne Hoot, Executive Director E: lynnehoot@aol.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 E: corninfo@micorn.org www.micorn.org Jody Pollok, Executive Director E: jpollok@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 E: info@mncorn.org www.mncorn.org Bruce Stockman, Executive Director E: stockman@mncorn.org Mississippi Corn Growers Association PO Box 9555 1 Dorman Hall 17 Mississippi State MS 39762 P: 662-325-231 F: 662-325-8742 1 Dr Erick J Larson, Secretary/Treasurer E: 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 E: mcga@mocorn.org www.mocorn.org Gary Marshall, CEO E: gmarshall@mocorn.org Nebraska Corn Growers Association 1327 H Street #305, Lincoln NE 68508 P: 402-438-6459 888-267-6479 F: 402-438-724 E: necga1@cs.com www.necga.org Scott Merritt, Executive Director E: scottmerritt65@aol.com Nebraska Corn Development, Utilization and Marketing Board PO Box 95107, Fourth Floor Lincoln NE 68509-5107 P: 402-471-2676 800-632-6761 F: 402-471-3345 Don Hutchens, Executive Director E: d.hutchens@necorn.state.ne.us New York Corn Growers Association 2269 DeWindt Road, Newark NY 14513 P: 315-331-7791 F: 315-331-1294 E: ny.corn@starband.net www.nycorn.org Ann Peck, Executive Secretary E: ny.corn@starband.net 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 E: 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 E: ndcorn@state.nd.us www.ndcorn.com Jocie Iszler, Executive Director E: jiszler@state.nd.us Ohio Corn Growers Association, Ohio Corn Marketing Program 1 East Center Street, Marion OH 43302 100 P: 740-383-2676 F: 740-387-0144 E: ohiocorn@on-ramp.net www.ohiocorn.or Dwayne Siekman, OCGA/OCMP Executive Director, E: dsiekman@on-ramp.net Oklahoma Corn Growers Association 6205 Park Lane, Guymon OK 73942 P: F: 580-338-1568 Raylon Earls, Acting President Pennsylvania Corn Growers Association PO Box 304, State College PA 16804 P: 814-863-1018 F: 814-863-7043 E: info@pacorngrowers.org www.pacorngrowers.org Greg Roth, Executive Secretary E: info@pacorngrowers.org South Carolina Corn and Soybean Association PO Box 1 1035, Columbia SC 2921 1 P: 803-252-7128 F: 803-252-7799 M.D. Floyd, President, E: Dfloyd1@ftc-i.net South Dakota Corn Growers Association, South Dakota Corn Utilization Council 3801 S Western Suite 100 Sioux Falls SD 57105 P: 605-334-0100 F: 605-334-0505 Lisa Richardson, Executive Director E: lisal@sdcorn.org www.sdcorn.org Tennessee Corn Growers Association 510 West Black Lane, Obion TN 38240-3804 P: 731-536-6226 www.tncorn.org Polk Glover, Secretary/Treasurer E: polk@ken-tennwireless.com Corn Producers Association of Texas, Texas Corn Producers Board 4205 N Interstate 27, Lubbock TX 79403 P: 806-763-2676 F: 806-762-2674 E: tcpb@texascorn.org www.texascorn.org David Gibson, TCPB - Executive Director CPAT - Executive Vice President E: dgibson@texascorn.org Virginia Corn Growers Association PO Box 603 7610 Davis Pond Road West Point VA 23181 P: 804-843-4456 F: 804-843-3629 Ellen Davis, Executive Director E: eded@inna.net www.vacorn.org Virginia Corn Board, Virginia Department of Agriculture & Consumer Services 1 Bank St Rm 906, Richmond VA 23219 100 P: 804-371-6157 F: 804-371-7786 Phil Hickman, Program Director E: phickman@vdacs.state.va.us Wisconsin Corn Growers Association, Wisconsin Corn Promotion Board W1360 Highway 106, Palmyra WI 53156 P: 262-495-2232 F: 262-495-3178 Robert Oleson, Executive Director E: wicorn@idcnet.com www.wicorn.org

**'04
17

'92

'93

2005 WORLD OF CORN

'03

'95

*'04

'03