In a year when it is apparent we will need to produce every bushel of corn from every acre possible to deal with a tight supply situation, it appears farmers are stepping up. The question is if it's enough.
- 24% of the respondents indicate they are leaving their final acreage decisions open until it is time to start planting.
- While many farmers are leaving their decisions open, 56% of all respondents say crop rotation remains the driver for determining acreage.
- 55% say their acreage is set and it will not change.
- If farmers choose to switch their acreage this year, commodity price is the most important determining factor.
- The break-even for a large number of growers to shift to more acreage is:
- If corn acres increase, the increase will mostly come from planned soybean acreage.
- If soybean acreage increases, it will come largely from planned corn acres.
- Cotton producers indicate they will plant more cotton at the expense of corn.
- Farmers in the Dakotas plan to increase their acreage for both corn and soybeans, but they are concerned about the amount of snow cover and extremely wet soil conditions. Timeliness of planting could be a major issue there.
- If corn or soybean prices rise to the level where farmers want to increase acreage, the anecdotal comments suggest they are willing to forgo hay production in some areas.
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