Survey says: Farmers
could up corn to 94M acres in 2012
Ill. — The announcement on the first day of the 2011
Farm Progress Show last week was met with little surprise:
Acreage dedicated to corn next year may surpass the
post-World War II record set in 2007.
key result of the first survey of farmers conducted
about growing plans for the 2012 season by Farm Futures
magazine, said Senior Editor Bryce Knorr. The magazine
surveyed 1,000 farmers online starting in mid-July through
and profits convinced farmers to increase corn plantings
in 2011, and the same should hold true in 2012,” Knorr
said of a reported estimate of almost 94 million corn
acres. “Farmers are truly planting for the market these
days. However, that means these intentions could change
by spring if the current bull market runs out of steam.”
between now and next March could easily impact 2012
planting plans, said financial analyst Shawn Hackett,
author of the Hackett Commodity Report.
right now, the market is priced for that kind of planting
intent. Unless there’s a dramatic change, it’s no surprise
we’re looking to put that much corn in,” he said.
It is the
attraction of higher prices and higher profits that
have producers looking to plant more corn, beans and
wheat, according to survey results. Based on the responses,
it is anticipated that approximately 93.87 million acres
of corn will go in the ground in 2012, up nearly 2 percent
from a tough 2011 growing year. The previous record
was 93.6 million acres in 2007.
showed farmers are looking to plant about 76.9 million
acres of soybeans, up 2.3 percent, and winter wheat
this fall is expected to rise 3.1 percent to about 42.4
a strong growing year absent of adverse weather conditions
should help replenish U.S. stocks and drive prices down,
possibly creating a “corn glut” that would help livestock
producers are collapsing right now, and dairy farmers
are having difficulty. When feed prices get this high,
it starts to hurt,” Hackett said.
The USDA’s recent crop report pegged corn production
at about 12.9 million bushels, but given hot, dry weather
conditions from July into August, that total likely
will be less.
evidence suggests that the 2011 U.S. corn crop could
be smaller than the initial projection of 12.914 billion
bushels,” said Darrell Good, an agricultural economist
with the University of Illinois.
harvest results, coupled with the heat and dry conditions,
indicate corn yields likely will fall below the latest
USDA forecast of 153 bushels per acre, Good said.
survey results for crops other than corn included soybeans
at 76.9 million acres, up 2.3 percent; soft red winter
wheat at 8.4 million, up 1.7 percent; hard red winter
wheat at 30.3 million, up 4 percent; white winter wheat
at 3.7 million, down 0.6 percent; all winter wheat at
42.4 million, up 3.1 percent; spring wheat at 14.2 million,
up 4.2 percent; durum at 2.1 million, up 21.4 percent;
and all wheat at 58.63 million acres, up 3.9 percent