So far, most of the chatter about the 2015 acreage mix seems to support an increase in soybean acres. Will that hold true? On March 31, USDA will release its annual Planting Intentions report and lay out its expectations for acres this year, based on farmer surveys.
For that report, everyone is expecting bean acres to be up and corn acres down, says Brian Grete, Pro Farmer Editor. “There’s a wide range of expectations in how much bean acres will be up and corn acres down,” he says. “But, it’ll be a shocker if bean acres aren’t up and corn acres aren’t down.”
Several analytical firms have released their expectations for 2015 acres:
*in million acres
At USDA’s 2015 Agricultural Outlook Forum, USDA released these acreage estimates:
Corn: 89 million acres
- Corn acreage shows the single largest reduction with area expected to fall 1.6 million acres in 2015, down 8.2 million acres from its recent peak in 2012.
Soybeans: 83.5 million acres
- Soybean area is expected to fall modestly from its record level in 2014, with movement out of soybeans tempered by its lower operating costs and forward marketing opportunities in the past few months.
Wheat: 55.5 million acres
- Wheat area is expected to be down 1.3 million acres.
Lower predicted profit levels have led USDA to forecast total planted area in 2015 to be 3.3 million acres less than in 2014. “Falling crop prices and narrowing production margins will push some acres out of production even as Conservation Reserve Program area continues to decline,” says Rob Johansson, acting chief economist for USDA.
While some forecasts show significant year-over-year declines in total crop acreage planted to the principle crops for 2015, Doane says its survey results suggest otherwise. “Expected declines for corn, cotton, and winter wheat acreage will be offset with more acres of sorghum, barley, durum wheat, soybeans, sunflower, canola and hay,” the firm says.
When will your planting season kick off? Submit your crop plans to firstname.lastname@example.org or share your weather report here: Spring 2015
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