The USDA's June Acreage Report released on Friday, June 30,showed that planted corn acres in Indiana were up 5% from 2022, while soybean acres were down 6%. The report also showed that 70% of planted corn acres and 63% of planted soybean acres in the country are currently experiencing drought conditions.
Todd Davis, Indiana Farm Bureau Chief Economist, said that the increase in corn acres was due to strong demand for corn, while the decrease in soybean acres was due to a number of factors, including higher input costs and concerns about soybean prices.
Davis also said that the drought conditions that have been affecting parts of Indiana could have an impact on crop yields this year. He said that farmers will need to monitor their crops closely and adjust as needed.
The June Acreage Report was a mixed bag for Indiana farmers. The increase in corn acres is a positive sign, but the decrease in soybean acres and the drought conditions could pose challenges. Farmers will need to be vigilant and make the best decisions they can for their individual operations.
Photo Credit: istock-fotokostic
Categories: Indiana, Crops, Corn, Soybeans