"This year is going to see a historic bin bursting crop."
Are we controlling the weather yet? Don't forget this big variable that can't be controlled. I do agree, that production ag continues to increase efficiency at a very rapid rate.
No, we don't control the weather, but a lot of the country controls the water input.
Even with an enormous crop there may be a shortfall, but that will just spur even greater production in coming years.
I'm no big proponent of ethonal, but low crop production probably isn't a big factor as to why it may not work out in the long run.