Friday, September 12, 2008

USDA Corn Yield Revisions Align with Lanworth Estimates

September 12, 2008 - The USDA released the September Crop Production Report numbers today, bringing their view on yields into alignment with Lanworth's current estimates.

The USDA revised their corn yield estimates from last month, into an almost exact correlation with Lanworth's early numbers that were shared with customers 10 days ago. In the September Crop Production Report, the USDA lowered corn from 155 bu/acre to 152.3, bringing their position very close to Lanworth's original Sept. 1 estimate of 152.1.

The total corn production estimates from Lanworth continue to differ slightly from the USDA's due to varying assessments of planted acres and acres lost to flooding.

Though yield and production estimates are still developing in this unusually delayed growing season, Lanworth has had a more conservative view of the corn yield since early August. The company says frost will likely play a role in final estimates next month.

"Due to late planting and cooler than normal temperatures in many areas, frost is a very practical threat to current production expectations," says Dr. Nick Kouchoukos, Lanworth's Director of Information Services.

Lanworth uses daily satellite imagery to detect frosts as they occur and to assess resulting production losses. A detailed analysis at the crop-reporting district level allows Lanworth to indicate the probability of frost occurrence, as well as the extent of possible damage to corn and soybean acres.

About Lanworth Inc.

Lanworth is an information technology company specializing in the application of aerial and satellite remote sensing to natural resource management. Lanworth assists clients in making informed decisions in the forestry, government, agriculture, real estate, electricity, gas, and transportation industries. Lanworth supplies its clients with detailed geographic and resource information on a global scale. For more information, visit www.lanworth.com.

For media inquiries, please contact:
Lauren Eichmann
Phone: 312-265-3089

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