More Beans, Less Corn, the 2014 Prediction

Iowa farmers expect to plant 11-percent more soybeans this spring compared to 2013.

 

That’s according to a new survey by AgriSource — a grain marketing, commodity brokerage and crop insurance company. Keith Gehling of AgriSource says the plans by Iowa farmers to plant 10.3 million acres of soybean are based on several factors.

Iowa farmers expect to plant 13.3 million acres of corn, down 2.2-percent compared to last year. However, Gehling says many farmers will wait until later this spring to make final planting decisions.

Across the country, farmers are expected to plant 93.2 million acres of corn, marking a 1.8-percent decline from 2013. U.S. farmers expect to plant 82 million acres of soybeans, an increase of 7-percent. The AgriSource survey was conducted in large part during the Iowa Power Farming Show in late January in conjunction with the Iowa-Nebraska Equipment Dealers Association.

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