Corn's price drop has US farmers looking to soy

By: AP Email
By: AP Email

DES MOINES, Iowa (AP) -- Corn is the top crop for U.S. farmers but the golden luster has faded with much lower corn prices prompting many to consider switching to more soybeans this year.

A December survey of more than 1,600 producers by Farm Futures, an agriculture-focused publisher, indicated farmers intend to reduce corn planting 3 percent from last year and boost soybeans about 7.6 percent. The U.S. Department of Agriculture won't release its first official report on farmer intentions until March 31.

Last year U.S. farmers harvested nearly 14 billion bushels of corn, four times the soybeans produced.

Over the next six weeks farmers will work out budgets that will determine the corn/soybean mix for the year. Some experts say a shift of 2 million to 3 million acres wouldn't be a surprise.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 240631721 - weau.com/a?a=240631721