Readers draw lines for acreage battle

October 9, 2008 07:00 PM
 





Early indications for the 2009 crop year show rising costs and sliding prices limiting corn acres and soybeans gaining. Cotton is again taking a major hit in a survey of Top Producer readers. Of course, final decisions depend on where prices head.

The survey respondents expect to increase 2009 soybean acres about 2.5% from 2008 levels, and more than 10% above 2007 plantings. Corn will be up less than 1% over this year's 87 million acres, they say.

Regardless how the corn and bean trade-off shakes out, the nation's cotton crop appears to continue fighting a losing battle for acreage. Respon-dents report they will plant more than 20% fewer acres next year.

Seven dollars seems to be the magic number for corn. Growers say corn acres will begin to mount a comeback if prices reach $6.51/bu. and will begin to gain significant ground if prices exceed $7/bu. Fourteen dollars is the mark for soybeans to gain the advantage in the battle.

Cotton acres will not stage a significant comeback unless prices reach 91¢/lb. or more, according to our respondents.  —Greg Vincent




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