Higher Input Costs Could Mean Fewer Corn Acres

Analysts expect 2022 to be an interesting year for row crop farmers, with some predicting a decrease in U.S. corn acres. Higher input costs are at the heart of the matter. Farmers must decide between using profits from a strong 2021 to purchase nitrogen-based fertilizers at a higher price point, or plant more acres of soybeans which require much lower rates of fertilizer application. According to Successful Farming, 2022 U.S. corn acres could land between 89 million and 90 million, below the 90.5 million five-year average.

Read more about key factors impacting 2022 U.S. corn acres.