Crop Budgets in Eastern Corn Belt Favor Soybeans01/31/2017
Now that the holidays are behind us, it is time to really start getting serious about 2017 planting decisions. There are a variety of factors that go into how farmers decide what crops to plant, but crop budgets certainly play a key role. The analysis of this year’s crop budgets favor soybeans in many areas of the country. This appears to be particularly true in the Eastern Corn Belt.
Purdue University prepares annual crop budgets. These budgets compare corn and soybean production in a variety of yield environments for the state of Indiana. The 2017 budgets show that farmers should expect negative net earnings for most cropping situations. Unfortunately this is not a new situation.