In his latest crop market report—Cropland Area and Production Projected Lower, Prices Higher in 2017—AFBF economist John Newton says USDA experts late last month indicated total cropland area for the eight principal crops was projected at 249.8 million acres, down 1.4 percent from 2016.
If realized this would be the lowest planted area since 2011 when 249 million acres were planted to the eight crops, including corn, soybeans, wheat, barley, sorghum, oats, rice and cotton.
USDA believes that in addition to fewer acres being planted, projected crop yields will also decline from last year—a combo that compelled USDA to reduce its production expectations for many crops in 2017.
In the report, Newton also addresses the spring price discovery and its implications for crop insurance policies and projections for acreage changes in corn and soybeans for the upcoming year.
Download the full March 2017 Crop Market Update below.
American Farm Bureau Federation President Zippy Duvall was honored by National 4-H Council today as a founding luminary during the launch of the 4-H Luminaries. This exclusive group of accomplished and influential 4-H alumni will help raise awareness of the life-changing 4-H impact and generate support for bringing 4-H to more youth.
It’s Time to Bury the Death Tax … Permanently!
Governor Terry McAuliffe today announced $4.5 million in new export sales of Virginia soybean products by Perdue Agribusiness to markets in Southeast Asia, an important and growing region with high demand for agricultural inputs from the United States. Soybeans and soybean meal are two of Virginia’s largest agricultural exports, with over $870 million worth of these products leaving the state for international markets in 2016 and over $55 million to the Southeast Asia region. The announcement was made during the 9th annual Virginia Governor’s Conference on Agricultural Trade being held in Richmond. The sale was made as a result of a reverse trade mission of soybean buyers from Southeast Asia, arranged by the Virginia Department of Agriculture and Consumer Services (VDACS) and coordinated by VDACS’ Southeast Asia-based trade representative.
Describing the flawed “Waters of the U.S.” rule as nothing more than a federal land grab,
State agriculture and forestry officials recently outlined some challenges and accomplishments for leaders of the state’s largest farmers’ advocacy organization.
A Feb. 28
On Jan. 9 the U.S. Department of Agriculture began allowing farmers to terminate their Conservation Reserve Program contracts early in order to transfer property to the next generation.
Virginia Farm Bureau Federation