The high prices for grains we are seeing begs the question.
Are you going to plant more than you otherwise would? Or, have you already been planting at peak levels in recent years regardless of price?
Thanks in advance....
yes our acreage has gone up but not because of the grain prices. We had a neighbor go out and we picked up his ground. As you are aware it will take a good yield with current prices for a return on investments because of some inputs tripling and most doubling. Just today numbers were released that show a 1 month rise of 1.2% for the year that is 14.2% and as with most issues nobody in leadership is moving to curb another huge ailment for America. Instead since early last fall have stood around and claimed its "transitory".
Most farmers have already been planting at peak levels in recent years.
The USDA report 3-31-22 said that total crop land would increase less than .1%.
Any new land would be marginal at best
Drought in the southern high plains may see lots of crops unharvestable.
Agree on the S.Plains crop cutworm!
TX crop was 79% P/VP a week ago!
https://release.nass.usda.gov/reports/prog1622.txt
Texas ..........: 56 23 14 7 -
Input costs are soaring.............world wide.
Costs are of major concern this year and may slow the expansion of BR hectares as well as growth in yields, as fertilizer is expensive and scarce.
This table from USDA shows variable soy production costs in Mato Grosso rising 70% YOY in 22/23, driven by soaring fertilizer costs.
The only real potential acreage addition is CRP which is really off the table for 2022. Going forward it could add some but the question is how much would come out if they opened it up.
Thanks buck!
CRP land is mostly pretty crummy yielding land, right?
In Ontario, Canada, what may happen is more soys, less corn due to fert. shortage
We are already maxed out on grain acres
At least that is what our fert suppliers are telling us
It started last fall when our fert suppliers asked us to apply a small amount LESS during the fall to make available supplies cover all acres
We will plant less corn acres with less fert on our farm in 2022
Enough fert is just not available at any price as suppliers are rationing supply
Thanks Wayne!
