American farmers will harvest monster corn and soybean crops this year, including the largest soybean crop ever, at 4.5 billion bushels, and the third corn crop in four years to top 15 billion bushels, projected the Agriculture Department on Thursday. Season-average prices for the crops would fall for the second year in a row from the spike in commodity markets created by Russia’s invasion of Ukraine in 2022.
Nine out of 10 farmers say they definitely or probably will stick with cover crops after the expiration of financial incentives to add the crops to their operations, said a report based on a survey of 795 farmers nationwide. Half of the participants in the National Cover Crop Survey said they had received some sort of payment for cover crops in 2022.
It’s been a record-breaking year for hot, dry, windy (HDW) events in the Midwest, with Kansas — the nation’s largest winter wheat producer — hit worse than any other state. The events, in which all three conditions occur simultaneously for a prolonged period, inevitably lead to drought and lowered grain yields. (No paywall)
Three of every 10 acres of U.S. corn and winter wheat are under increased threat as climate change boosts temperatures and makes rainfall more erratic in the Midwest and Plains, said new report on Tuesday. Commissioned by the American Farmland Trust, the report said the 2023 farm bill should embrace climate mitigation and provide the money to help farmers adapt to global warming.
For decades, farmers in the Midwest and Plains have reaped ever-higher yields per acre, but “climate change threatens to slow or reverse this productivity as soon as 2030,” said the Environmental Defense Fund on Wednesday. The “climate burdens” would worsen through 2050, the nonprofit group said in a report.
U.S. growers reaped their second-smallest wheat crop in 20 years due to drought in the Plains, said the Agriculture Department. The smaller-than-expected harvest would delay any American role in restoring grain flows disrupted by the Russian invasion of Ukraine.
The U.S. soybean hit parade, with record production in 2016, 2017, and 2018, will continue this year with the largest crop ever, the government forecast on Tuesday with the harvest in full swing. A late-summer surge in likely yields per acre prompted the USDA to say the crop will be 2 percent larger than its previous estimate.
U.S. farmers will respond to high commodity prices by harvesting their largest soybean crop ever and a corn crop that could tie the record set in 2016, projected USDA on Friday. Delivered to a hungry world recovering from the pandemic, the 2021 corn and soybean crops would fetch some of the highest farm-gate prices in years.
In less than a decade, U.S. corn, soybean and wheat fields wiped out an expanse of native grasslands and other ecosystems larger than the state of Maryland, according to a new analysis, destroying crucial wildlife habitat and spewing carbon dioxide into the atmosphere. The new fields produced lower crop yields than existing farmland.(No paywall)
The windstorm that blasted across Iowa — "basically a 40 mile-wide tornado," in the words of Gov. Kim Reynolds — wiped out 9 percent of the crop in the nation's No. 1 corn state and obliterated the chances for a record-large corn harvest nationwide, said the USDA. Farmers will see notably higher season-average prices for the smaller, but still ample, crop that remains in the field.
U.S. farmers are looking at their largest corn crop ever and a near-record soybean harvest, with huge stockpiles of both crops persisting into fall 2021, said the USDA on Wednesday. Some 2.8 billion bushels of corn would remain in the bin when next year's crop is mature, the largest carry-over since the Reagan era.
U.S. farmers will harvest their largest corn crop ever this year, fueled by the largest plantings since 2013 — growing so much corn that carry-over stocks will be the largest in more than three decades, according to USDA's projection at its annual Ag Outlook Forum. The soybean crop would be the fourth-largest on record, with exports recovering to pre-trade-war levels thanks to "increasing global import demand, particularly for China."
With a return to normal weather, farmers will expand vastly their corn and soybean plantings next year — enough to produce their largest corn crop ever and the fourth-largest soybean crop, according to USDA's agricultural projections. Bumper crops will drive down market prices in the near term and create huge stockpiles that will take years to whittle down.
Aided by the Sino-U.S. trade war, the U.S. soybean inventory doubled to a record 913 million bushels in one year, the government said on Thursday. At the same time, the USDA estimated that total will be cut in half by next September.
A hard freeze is forecast across a significant portion of the western Corn Belt, with 14 percent of the U.S. corn crop and 5 percent of the soybean crop at risk of freeze damage, said forecaster Maxar on Wednesday.
In FERN's latest story, Michael Behar takes a close look at precision agriculture — cutting-edge tools like drones, satellite imagery and artificial intelligence that help farmers keep careful watch over their crops. In addition to improving yields, Behar shows how the technology also allows farmers to reduce water and chemical use. The story was produced in collaboration with EatingWell magazine.(No paywall)
Farmland values are falling for the fifth year in the Midwest, and one factor in the decline is “muted expectations for farm income” this year, said the Chicago Federal Reserve Bank on Thursday. “The profitability of many corn and soybean farms will almost surely fall from their 2018 levels — possibly by a lot for some.”
U.S. farmers will harvest their smallest corn and soybean crops since 2013, but the trade war will constrain exports of America’s two major crops for the second year in a row, forecast the USDA on Monday. Soybeans would sell at the lowest average price at the farm gate in 13 years.