As farmers look for ways to improve their profitability in 2018, one of the areas many are evaluating is their crop mix. A recent Farm Journal Pulse asked farmers if they will make crop changes this year.
Of the 596 farmers who responded, roughly half said they will repeat what they planted in 2017. Of the farmers who said they plan to make a change, the most common response (20%) was fewer corn acres and more soybeans. On the flip side, 8% of respondents said they will plant fewer soybeans and more corn.
“The results of this Farm Journal Pulse question fit with current trade expectations,” says Farm Journal Economist Chip Flory.
Those planning to increase corn and cut soybean acres will partially offset the 20% who are looking to increase soybean acres and cut corn plantings in the year ahead. But with corn plantings only 25,000 acres bigger than soybeans in 2017, this certainly suggests 2018 will have more soybeans than corn.”
The trend to more cotton acres will also make it more difficult to push total corn and soybean acres much higher than 181 million, Flory adds.
To participate in the Farm Journal Pulse, text the word PULSE to 31313.