USDA’s acreage, price projections for 2020

agricultural, excerpt


USDA’s acreage, price projections for 2020

The USDA’s chief economist is projecting an increase in most
cropland acres for the 2020 growing season.

Rob Johansson told attendees at the USDA’s Ag Outlook Forum
that last year’s weather challenges resulted in more than 13 million fewer acres
planted to soybeans.  “That reduction
supports an increase in soybean acreage to roughly 85 million acres – up 12
percent,” he says.  “Corn area is
expected to rise 4.3 million acres to 94 million following last year’s prevent
plant.  That’s supported by new-crop
prices that are relatively favorable to corn.”

Wheat and cotton acres are projected to remain steady or
decline with more acres expected to be planted to rice.

Continue reading USDA’s acreage, price projections for 2020 at Brownfield Ag News.

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