Haven’t Planted Corn Yet?

June 25, 2009 07:00 PM

Rachel Duff, Farm Journal Intern

Farmers who haven't had the chance to get their corn in the ground have two options at this point, says Gary Schnitkey, of the Department of Agricultural and Consumer Economics for the University of Illinois.

The alternatives to planting corn:
  • Plant soybeans. The expected yields likely haven't been reduced as much as corn, he says. 
  • Take a prevented planting payment. Producers can do this if they have taken a CRC, RA, IP or APH policy. In most cases, Schnitkey says, the prevented planting payment for corn is 60% of the potential yield. Farmers should consult with their insurance agents because there are many variables, he says.

If the farmer can take a corn prevented planting payment, it probably is more economical to take the payment. If the payment would be based on soybeans, it's likely more profitable to plant soybeans.

To consult a tool to evaluate the two options and to read more: Evaluate Economic Alternatives For Late Planting

You can e-mail Rachel Duff at rduff@farmjournal.com.

Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by QTInfo.com
Brought to you by Beyer