This is not justacornacreagedecisionfor 2008 plantings, becausesoybeanandwheatmarketsare currentlyindicating the need for more planted acres for the 2008 season.
In the 1990s China was one of the first countries to approve some genetically modified cash crops, such as cotton and corn, and today China has more acreage devoted to growing GM crops than just about any other country in the world.
According to the department, 63% of the nation's hay acreage and about 73% of cattle acreage are in drought areas, as are about 87% of U.S. corn and 85% of soybeans.