News

Allendale survey shows bigger corn acreage

A survey of farmers by a major analytical firm is projecting higher corn, soybean, and wheat acreage in 2023.

Allendale Inc.’s says farmers will plant 90.4 million acres of corn this year, under the USDA’s Ag Outlook Forum estimate of 91 million acres, but still 1.835 million more than the 2022 total.

Allendale’s survey shows soybeans at 87.768 million acres, above the Ag Outlook Forum guess of 87.5 million and up 318,000 on the year.

Total wheat acreage is expected to be 48.706 million acres, 2.968 million more than a year ago, with winter wheat at 36.524 million, 3.253 million higher, and spring wheat at 10.607 million acres, 228,000 lower. The Ag Outlook Forum had total wheat acreage at 49.5 million.

Allendale’s implied corn crop this year is 14.986 billion bushels, with soybeans at 4.522 billion and wheat at 1.855 billion bushels.

The survey covers farmers in 24 states.

The USDA’s prospective planting report is out March 31^st.