News

Minnesota farmer wonders if USDA planting estimates were an early April Fools joke

A farmer in southern Minnesota wonders if USDA thought April Fools came a day early after seeing Wednesday’s Prospective Plantings Report.

Rochelle Krusemark of Trimont tells Brownfield the lower-than-expected acreage and ensuing limit higher trade caught her off guard.

“I was almost ready to hear ‘April Fools’ yesterday when this happened. I don’t recall a time in 41 years that I ever saw the markets be up on both corn and soybeans at the same time from cash price through fall.”

Krusemark has crops and livestock and says marketing in a high corn and soybean price environment can be tricky.

“I guess it depends on what you want to pay yourself for that commodity that the livestock eats. But hopefully the livestock prices will move up with the grain prices.”

She says higher input costs and land values stemming from the runup in grain prices add even more wrinkles to the farming operation.

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!