Farm Futures Survey Shows 2019 Planting Declines

Farmers report a significant decline in corn and soybean plantings in the 2019 annual Farm Futures crop production survey. Farm Futures announced the findings Monday, noting that farmers planted 83.5 million acres of corn this year, the lowest acreage since 2006. Meanwhile, estimated soybean acreage is down 15.3 million acres, or nine percent from last year, to 79.6 million total acres. The latest estimates form the Department of Agriculture predicted corn production at 14.42 billion bushels on 89.1 million acres. Farm Futures estimated corn yield at 167.2 bushels per acre, totaling a 12.7-billion-bushel crop, the smallest since 2012. Soybean yield is estimated at 48.4 bushels per acre, with total production of 3.8 billion, off 16 percent compared to USDA numbers. Farm Futures surveyed more than 1,150 farmers this summer online to gather its numbers. USDA will update its crop production numbers next Monday, when releasing the August World Agriculture Supply and Demand Report, and Pro Farmer will host its popular crop tour later this month.