Corn for 2014?

We are trying to figure out what to plant in 2014. It looks like we will have a mixture as usual but the crop mix of acres allocated is the question. Here’s some information and some slides about corn from Dr. Nathan Smith UGA Extension Ag Economist.

“Corn is not going to bring the prices we’ve had
but I still think it will be above $4.00 next year so maybe $4.50 to $5 for
South Ga.   Acreage will slip some next year but unless drop by more
than 1 million in the US, probably will have same 14B bu
production.   In that case, need more exports and feed
use.   Ethanol use is somewhat limited in growth.  The 10% blend
wall has been reached and price has to compete with gasoline.  I think
lower prices will help grow demand in these areas but if we overproduce it will
depress prices as demand won’t be able to keep up. “