U.S. total corn production was projected to reach 14.6 billion bushels for 2018/19 with a national average yields forecast to reach 178.4 bushels per acre, a new record, according to the World Agricultural Supply and Demand Estimates released today by the U.S. Department of Agriculture. This is the first report of the year based on actual survey results rather than the previous 174.0 bushels trend yield used in earlier WASDE projections.
Yield projections were forecast to surpass those from the previous year in Illinois, Indiana, Nebraska, Ohio, North Dakota and South Dakota. While yields in Iowa are forecast to remain approximately the same as the previous year, lower yields are projected in Missouri, Minnesota and Kansas.
Based on the new yield estimates, American farmers are projected to produce a total corn crop of 14.58 billion bushels in 2018, the third-highest production number on record if achieved.
Feed and residual use and export demand were higher than those projected in July due to a larger crop with lower expected prices and increased international competitiveness respectively. Average farm price was decreased by 20 cents at the midpoint to a range of between $3.10 and $4.10 per bushel.
For the full report, click here.
NCGA is taking a series of actions to do our part to help contain the spread of the coronavirus (COVID-19) and the economic fallout it is creating for corn farmers and our customers. Short term, this means instituting policies to protect the health and safety of our stakeholders and the broader communities we serve. Long term, we’re focused on creating solutions to help corn farmers and our customers recover from the financial impacts of this crisis.
CommonGround is a group of farmers connecting with consumers through conversations about science and research and personal stories about food and misinformation surrounding farming. Supported by the NCGA and state corn organizations.
The Soil Health Partnership (SHP) is a farmer-led initiative that fosters transformation in agriculture through improved soil health. Administered by NCGA the partnership has more than 220 working farms enrolled in 16 states. SHP’s mission is to utilize science and data to partner with farmers who are adopting conservation agricultural practices that improve the economic and environmental sustainability of the farm.