New projections from the U.S. Department of Agriculture show farmers may plant more soybeans this year after years of record corn profits.
The forecast calls for a six-percent increase in soybean planting compared to 2013, while this year’s corn crop would be the smallest since 2010.
South Dakota farmers intend to plant a record soybean crop this year.
The Agriculture Department in its March 31st prospective plantings report pegs South Dakota’s soybean crop at 4.8 million acres, up 4 percent from last year.
Corn acreage is expected to decline 6 percent to 5.8 million acres.
Market analyst Dale Durchholz of AgriVisor says crop changes may not be consistent across the corn belt.
In Iowa, for example, planting may be delayed by frozen ground.
OC….a little bit. :13
The USDA predicts Iowa farmers will plant roughly 14 million acres of corn this year, an increase of 400,000 acres from this time in 2013.
Iowa farmers are expected to boost soybean plantings by 300,000 acres to 9.6 million acres.
Radio Iowa & AP contributed to this story.