farm futures

Farm Futures Releases 2018 Planting Intentions Survey Results

Dan Corn, Cotton, Industry News Release, Soybeans, Wheat

Farm Futures magazine recently released its survey of 2018 planting intentions, which shows that farmers aren’t quite ready to make major changes to their crop rotations. However, they are going to farm futuresplant more of what paid best in 2017.

For the first time since 1983, farmers want to plant more soybeans than corn. Back then, the government’s PIK program idled millions of corn acres, but even then the difference was just 35,000 acres.

Growers are planning to put in 90.1 million acres of crops this year, not much different than in 2017. Farm Futures is projecting more wheat planting this year, saying farmers are ready to put in 11.8 million acres of spring wheat, up 6.7 percent from last year.

The first Farm Futures survey of 2018 planting intentions showed farmers wanting to boost corn acres and cut back on soybeans, but price relationships have changed quite a bit in the last four months.

Cotton farmers also intend to raise the amount of planted acres to 13.2 million, a five percent jump. Cotton was one of the few bright spots in the crop community in 2017.

Farm Futures did say that all of this information could be subject to change based on changing prices and the weather.

From the National Association of Farm Broadcasting News Service.