Indiana's farming community is looking forward to a potentially record-breaking soybean harvest this year. Despite slight adjustments in corn acreage, farmers are maintaining their optimism.
Indiana farmers are preparing to harvest around 5.38 million acres of corn for grain, marking a 250-thousand-acre increase from the previous year. Simultaneously, they are expecting to cultivate 5.48 million acres of soybeans, a marginal decrease of 350 thousand acres compared to last year.
As of September 1, the average yield for Indiana corn is anticipated to be 194 bushels per acre. Although this is one bushel lower than last month's estimate, it represents a four-bushel increase from the previous year. Notably, Indiana corn's progress has been slightly slower this season, with 32 percent reaching the denting stage as of August 27, which is ten points below the five-year average.
In contrast, Indiana soybeans are predicted to achieve an impressive yield of 60 bushels per acre, maintaining the same figure as the previous month. If realized, this would set a new soybean yield record for the state. As of August 27, eighty-eight percent of Indiana's soybeans had entered the pod-setting stage, aligning perfectly with the five-year average.
Nationally, the 2023 U.S. corn crop is forecasted to reach 15.1 billion bushels, showing a slight increase from the previous projection and a substantial 10 percent rise from 2022. The expected yield per harvested acre is 173.8 bushels, a decrease of 1.3 bushels from the previous projection but still up by 0.5 bushels from last year. These projections take into account acreage updates across various states, with the total planted area at 94.9 million acres, a 1 percent increase from the previous estimate and a 7 percent rise from the previous year. Furthermore, the area to be harvested for grain is estimated at 87.1 million acres, indicating a 1 percent increase from the prior forecast and a substantial 10 percent rise from the previous year.
The 2023 U.S. soybean crop is predicted to reach 4.15 billion bushels, down by 1 percent from the previous projection and a modest 3 percent decrease from 2022. The expected yield per acre is 50.1 bushels, a decrease of 0.8 bushels from the previous forecast but an increase of 0.6 bushels from 2022. These forecasts incorporate acreage updates across several states, with the total planted area at 83.6 million acres, a minor increase from the previous estimate but a 4 percent decrease from the previous year. The area to be harvested for beans in the United States is estimated at 82.8 million acres, indicating a minor increase from the previous forecast but a 4 percent decrease from 2022.
Photo Credit: istock-sandramatic
Categories: Indiana, Crops, Soybeans