Farmers are expected to plant massive corn and soybean crops this spring as a response to recent market movement and record-low domestic grain stocks. Corn is expected to see an especially big year; if it’s realized, this year’s crop will be the third-largest in the last 75 years, just behind 2012 and 2013. If falling in line with trend line yield estimates, it will translate to a 15.3-billion-bushel crop, just ahead of the 2016 crop, the largest in history. While farmers are excited to get underway, a few challenges remain; drought conditions could hamper early crop growth in some areas, while any future marketplace disruptions around the COVID-19 pandemic could affect things like crop input availability. See more on the outlook for the upcoming planting season.
Featured
-
400 Farm Groups Advocate for Protecting and Enhancing Crop Insurance in the 2023 Farm Bill BudgetMarch 16, 2023
-
President’s Proposed FY2024 Budget Confirms Crop Insurance IndispensableMarch 16, 2023
-
Grocery Food Inflation Maintains 10% HikeMarch 16, 2023
-
California Flooding Devastates Hundreds of Strawberry FarmsMarch 17, 2023
-
Access to Mexican Corn Market Critical for Success of U.S. GrowersMarch 17, 2023