“Corn is a critical input to the North American food industry, and strong and consistent yield growth has underpinned the industry in the U.S. for the past ten years. Despite the enormous gains already made due to precision farming, GMOs and other technologies, attendees at the Forum were very bullish in terms of their outlook for this trend to continue longer term,” said Cordingley.

Over 90% of executives at the Rabobank Forum said that they expect U.S. corn yields to exceed 170 bu./acre by 2025: notably, over a quarter (26%) forecast yields of over 250 bu., while 40% forecast yields of between 200 and 250 bu. Those expectations compare to U.S. trend line yields of between 150-160 bu./acre in recent years, prior to this year’s drought-driven decline to 120 bu.