The much-anticipated Prospective Plantings report from the USDA comes out March 31, but it’s not the only game in town. Other entities are making their own acreage predictions, and Allendale, Inc., released its own estimates March 14 after surveying farmers from 33 states.
The group’s findings? Allendale expects lower corn and wheat acres as farmers plant the most soybeans ever.
Specifically, Allendale predicts 90.018 million corn acres in 2017, down 3.986 million acres from a year ago. Wheat is estimated at 45.967 million acres, down 4.187 million acres from 2016. And soybeans get an estimated 5.392 million acre bump to 88.825 million acres.
“This [soybean crop] will be very important to watch because given the yield scenario this year – if we have normal weather and return to trend yields – we actually will see a decline in production versus last year,” according to Allendale chief strategist Rich Nelson.
Soybean yields in 2016 were an unprecedented 52.1 bu. per acre – more than 4 bu. per acre higher than any other year on record.
In contrast to the potential record soybean acres planted in 2017 is wheat, which could see the smallest acreage since USDA’s current data set dating back to 1919, according to Allendale.
Allendale’s 2017 acreage projections are similar to those USDA released at its Feb. 2017 Agricultural Outlook Forum. USDA estimates 90 million corn acres, 88 million soybean acres and 46 million wheat acres.
For more information about the Allendale survey results, visit its blog on AgWeb.