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Price Targets
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zenfarm
Posted 5/30/2024 10:38 (#10756633 - in reply to #10756595)
Subject: RE: Price Targets


South central kansas

IN555 - 5/30/2024 10:00

I believe just shy of 3 million is about avg. I’m guessing this year will be 2-3 above normal


Are you talking just corn?. From 2007 to 2021 PP avg. is 5.6 Million acres, but 2019 really skews the numbers.


 

Prevent Plant – Historical Role

Prevent plant has averaged 5.6 million acres per year since 2007, the first year electronic data are available from USDA, FSA (US Department of Agriculture, Farm Service Agency) (see Figure 1 and Data Note 2).  Given the role of weather, it is not surprising that the range is large:  from 1.2 million acres in 2012 to 19.6 million acres in 2019.  In USDA’s March 2022 acreage report, US farmers planned to plant 248.7 million acres to corn, cotton (both types), rice, sorghum, soybeans and wheat.  These crops account for 99% of FSA prevent plant acres, with corn, wheat, and soybeans having individual shares of 44%, 24%, and 20%, respectively.




Edited by zenfarm 5/30/2024 12:07
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