Allendale Acreage Survey: Corn Is King

March 13, 2019 10:24 AM

Farmers are taking some of the trade war risk off the table by planting fewer soybeans and more corn according to the 2019 acreage survey released by Allendale Marketing on Wednesday. Farmers included in the survey intend to plant 91.4 million acres of corn, 84.2 million acres of soybeans, and 47.4 million acres of winter wheat.

Corn planting intentions of 91.475 million acres would be 2.3 million over 2018, the survey report said. This is just 5.8 million off the 2012 peak reading of 97.291 million. Similarly, soybean planting intentions are seen at 84.263 million acres, 5.9 million off the peak three years ago.

The increase in corn acres is not a surprise to Allendale’s Rich Nelson.

“I think in general, the trade has been talking about this issue with lower soybean acres and, in general, some trade concerns, large supplies and some concerns about pricing in the past few weeks,” he told AgDay TV’s Betsy Jibben. “I think this reflects that."

While the increase in corn acres was expected by many analysts, Nelson was surprised by the 4.9 million acre decrease in soybeans. Where did those acres go? Well, some went to corn he says, but the remainder is likely to be planted in other crops like grain sorghum or cotton.

“Right now, our top three crops: corn, soybeans, wheat combined, come out to about 223.2 million acres, and that's actually a decline of almost 3 million acres,” he said. “USDA suggested about a 2 million acre drop at their Ag Forum numbers for the top three crops. Our survey here suggests almost a 3 million acre drop. It looks like a simple pushback in general, for all acres in regards with this low-price environment we have right now.”

Because farmers in the Corn Belt are unlikely to move outside of the top three crops much, the lost acres will be in North Dakota, Western South Dakota and the Western Plains, according to Nelson. While Iowa farmers don’t plant to change their rotations, he said farmers in Illinois and Indiana are backing away from soybeans a little more than expected.

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Spell Check

Hastings , NE
3/13/2019 09:36 PM

  I don't know not one farmer who tells the truth on these surveys.

Aug, ME
3/14/2019 07:25 AM

  Farmers not telling the truth!? My God, all the propaganda I hear is about farmers integrity and how they are the most honest hardworking people on the planet. Ha! They're just people like the rest of the population. Nothing special about them as a group! Some good, some not so good and some plain evil! And why they need all the regulations they have like any corporation: because SOME WILL be tempted to (and DO) take short-cuts that can lead to environmental damage!

Western Kentucky , KY
3/14/2019 03:14 PM

  Hey Keith , you better go round up the unicorns that got out of your imaginary pasture before they go into the sea of gum drops. You seem to have gone from an acute case of cranial rectitus to a full blown contagious state. Go read your China daily for 5 days take two aspirin and try again !!!!!


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