Title : Soy In, Corn Out -- Well Not Quite -- 89 / 88 -- March 29, 2018
link : Soy In, Corn Out -- Well Not Quite -- 89 / 88 -- March 29, 2018
Soy In, Corn Out -- Well Not Quite -- 89 / 88 -- March 29, 2018
From The Bismarck Tribune:Corn has been dethroned as the king of crops as farmers reported Thursday they intend to plant more soybeans than corn for the first time in 35 years.
Profitability is the primary reason farmers indicate they intend to plant 89 million acres in soybeans and 88 million acres in corn.
Corn costs much more to plant because of required demands for pest and disease control and fertilizer. When the profitability of both crops is close, farmers bet on soybeans for a better return, said Chad Hart, an agriculture economist at Iowa State University.
Soybeans cost about 60 to 70 percent as much as corn to plant.
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