Iowa Corn Farmers Respond To Planting Report
This morning the USDA released their 2012 perspective plantings report. It indicated corn acreage across the U.S. will be up 4 percent from 2011 and 9 percent higher than 2010, to 95.9 million acres. This will represent the highest corn acreage in the United States since 1937 when an estimated 97.2 million acres were planted. A record number of acres are planned for corn in 2012 in Iowa.
Iowa Corn Promotion Board (ICPB) Chair, Deb Keller from Clarion reported, “Today’s report is the first official indication that U.S. producers are responding to the market signals to expand their corn production area.”
It is important to note that the March intentions are just that, an intentions report and historically it could shift 15% as the planting season rolls on. In actual practice, the May 15 plantings report from the USDA more closely correlates with the final acres planted.
“Iowa farmers currently have a plan on what they will be planting in their fields,” said Keller. “The important thing to remember is that these planting intentions are dependent on what the weather is going to be like this spring and so far it has been ideal.”