Much ado has been made about USDA’s aggressive national yield estimate of 175.1 bu. per acre. The markets called the report’s accuracy into question, with corn futures ending up slightly higher the day of the report (Aug. 12) despite the bearish implications of a record-breaking corn crop, and trending slightly higher the following week.
Farm Journal took the opportunity to ask farmers about how their yields looked compared to the 175.1 bu. estimate from USDA. More than 1,200 farmers responded to the Pulse poll, conducted Aug. 17.
Nearly half (48%) of respondents reported lower yields than the estimated national average, with 16% estimating “about the same” and 26% reporting higher estimated yields. Here are the specific breakdowns:
- Does not apply – 10%
- Much lower – 29%
- Slightly lower – 19%
- About the same – 16%
- Slightly higher – 14%
- Much higher – 12%
USDA will revise its corn and soybean yield estimates for 2016 in a Sept. 12 report. Before that, Pro Farmer will conduct its 24th annual Crop Tour across a seven-state span on Aug. 22-25. Follow along in real time at www.agweb.com/pro-farmer-midwest-crop-tour-map/.
Be sure to follow AgWeb's coverage of Farm Journal Media's Pro Farmer Midwest Crop Tour. Watch reports from the field by following Farm Journal Media journalists along for the ride on Twitter: Alison Rice at @agweb_alison, Ben Potter at @potterben, Chip Flory at @ChipFlory, Brian Grete at @bgrete, and Betsy Jibben at @BetsyJibben. And check AgWeb each evening this week for the day's freshest summary on what they're seeing in the field.