acreage

The total land in farms for 2017 was down from the previous year according to USDA, despite year-over-year acreage increases in some classes.  Ryan Cowen with NASS says the acres of farmland was estimated at 910 million acres  in 2017, which was down a million acres from 2016.  When lo...

The U.S. Department of Agriculture released a preview of its long-term planting projections Tuesday.  The USDA considers a lot of factors when making the projections, including macroeconomic conditions, GDP growth, and farm policy.  An impo...

The acreage planted of the 21 crops the USDA deems “principal crops” continued its downward trend in 2017.   USDA Chief Economist Rob Johannson said, “Our principal crop total is down 1.1 million acres from last year at 318.2 million acres.”   T...

It probably won’t come as a surprise to many farmers that wheat acreage is expected to drop eight percent in 2017 because of low prices, falling number concerns, etc.   But USDA Chief Economist Rob Johannson said the drop is taking us to, if you’ll pardon the expression, rare air.   “Winter...

A USDA report last week showed expected wheat acreage drop by more than 10 percent, which could mean good things for wheat prices later this year.   Economist Rob Johannson said the cause of the drop in production is tied directly to prices.  ...