Early indications are that U.S. farmers will increase planted grain acres this year despite continuing low prices.
That’s according to a survey done by Farm Futures magazine. In the survey conducted in December, farmers in major corn-producing states seem swayed by an ongoing corn rally. However, more than half of the responding farmers plan no change in their crop mix.
“In light of the corn market’s rally to six-month highs in late 2024 and early 2025, it makes sense that many farmers in Illinois, Indiana, Iowa, and other top-producing states plan to ramp up their corn planting this year,” says Senior Editor Bruce Blythe.
One factor that could change those plans is the soybean future prices.
“A key question is whether soybean acres increase or decrease, given the outlook for heavy global supplies and weak prices,” Blythe said.
Farmers also voiced continuing concerns about getting a 2025 Farm Bill in place.
-NAFB
