U.S. farmers are seriously considering planting more corn and less soybean acres this spring than they did last year. Both growers and analysts say that they’re hoping to squeeze out more profits and shield themselves from possible tariffs on Mexico and Canada. Frayne Olson, an ag economist at North Dakota State University, says when you look at the profitability of each crop, corn is winning in the acreage battle. Iowa State University economist Chad Hart says it’s possible that some farmers may be able to earn “a nickel or two” on every corn bushel.
For soybeans and other crops, prices have fallen below what it costs to produce them. “Given what the cost structures look like right now, corn has the best chance to make a little profit in 2025.” Several industry analysts are forecasting corn plantings will rise to 93.6 million acres, while soybean planting dropping to 84.4 million acres.
