Even Rich Nelson, chief strategist for marketing firm Allendale, was surprised by the results of the firm’s recent planted acreage survey.
“We saw a shift not only in corn, but also in soybeans,” says Nelson, who will discuss the findings on AgDay on Wednesday, June 24. “Producers instead of lowering acres have added about a million and a quarter” acres of corn and 1.4 million acres of soybeans.
That adds up to 91.7 million acres of corn and 85.1 million acres of soybeans, both of which are higher than the USDA’s prospective planting numbers from March and last year’s final acreage numbers.
It’s also more corn acres than other analysts have projected. “The big jump as far as corn was above the northern third of the Corn Belt,” Nelson says. “It was surprising to us was that few acres shifted over in the Dakotas and Minnesota, so the northern areas were very eager to get into the early planting.”
Not all of those acres will prove productive, of course. Given all the rain in many parts of the Midwest, approximately 1 in 10 farmers surveyed said they had taken prevent plant, a figure which Nelson expects to increase by the end of the month.
Allendale will release its full survey results in a free webinar at 8 p.m. Central on Tuesday, June 23. You can also see Rich Nelson's full comments on AgDay on Wednesday, June 24.