production

High Production Costs Won’t Ease Next Year

Dan Corn, Cotton, Economy, Field Crops, Peanuts, Soybeans, Specialty Crops, Wheat

USDA’s first cost of production forecast for major field crops like corn, soybeans, wheat, cotton, rice, and others shows that input costs are expected to remain elevated into the next growing season. The costs will likely be at the third-highest level of all time and only slightly lower than the record high in 2022. While some input costs like fertilizer …

cotton hall

Cotton Planted Acreage 19 Percent Below 2022

Dan Corn, Cotton, Field Crops, Soybeans, Wheat

The U.S. Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS) estimated11.1 million acres of cotton planted in the United States for 2023, down 19% from 2022, according to the Acreage report (.pdf) released today. Soybean area planted is estimated at 83.5 million acres, down 5% from last year and corn is estimated at 94.1 million acres, up 6% from …