The wettest spring in a quarter-century may lead to the largest crop insurance payout since 2000 to farmers unable to plant corn and soybeans, said a university economist. He spoke ahead of a USDA report today that will project the impact of a cold and rainy spring on this fall’s harvest.
Despite the wettest spring in a quarter century, U.S. farmers sowed nearly 6 percent more corn and 5 percent fewer soybeans than expected during a cold and muddy planting season, said the USDA, based on a survey of 68,100 growers during the first two weeks of June. The annual Acreage report usually provides a definitive picture of crops, but excessive rain slowed field work so much that the USDA said it will re-survey the Midwest this month and would revise its acreage data, if need be, in its August crop report.
Stretching from Wyoming to Iowa and larger in area than New York State, Nebraska’s 3rd congressional district is again the No. 1 farm district in the nation, with $16.6 billion in crop and livestock production, says the new edition of the Census of Agriculture.
The highly contagious African swine fever, rampant in China, has never been found in the United States, but the USDA said on Thursday that it will step up its surveillance efforts against the viral disease, which kills pigs but does not harm people.
Farmers growing the three major U.S. crops — corn, soybeans and wheat — can expect a sizable decline in the average sales price for this year's harvest instead of the mild upturn that was forecast in late February, said the USDA. In its first projection of the fall harvest, the USDA said season-average prices for the three crops would be 8 to 10 percent lower than anticipated at its Outlook Forum.
Record-high demand for grain during the 2019/20 marketing year will draw down world grain reserves to their lowest level in five years, said the International Grains Council on Thursday. It would be the third straight year of declines in global carryover stocks.
The controversial weedkiller dicamba, which has wreaked havoc in soybean country over the last two years, is dividing communities and pitting neighbor against neighbor as the 2019 growing season gets underway. FERN's latest story, a radio piece produced with Reveal and the podcast Us & Them, takes listeners inside these divided communities in Arkansas.(No paywall)
Spring flooding in the northern Plains and western Corn Belt will have a marginal impact on corn and soybean plantings, according to a USDA survey of growers and initial tallies of flooded land. With normal weather and yields, there would be limited impact on production of the two most widely grown U.S. crops, thanks to the huge amount of cropland nationwide.
U.S. farmers will harvest a sharply smaller soybean crop this year, driven away from the oilseed by weak market prices and a staggeringly large soy surplus resulting from a string of bumper crops. Even so, the International Grains Council projects the third year in a row of record-large soybean production globally.