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30TH PRO FARMER CROP ESTIMATES FAR BELOW USDA EXPECTATIONS
Source: Farm Journal news release

Cedar Falls, Iowa - Pro Farmer, a division of Farm Journal, shared its much-anticipated production estimates today for the 2022 U.S. corn and soybean crops after analyzing information from the 30th annual Pro Farmer Crop Tour and other sources. The estimates are informed by Crop Tour data and observations collected this week through an exceptional effort by Crop Tour scouts in thousands of fields across seven key Midwestern states.

Corn: Pro Farmer estimates the 2022 U.S. corn crop at 13.759 billion bushels based on an average yield of 168.1 bushels per acre. That estimate is down sharply from USDA's August estimate of 175.4 bushels per acre.

"The question heading into Crop Tour was whether there would be enough bushels in the eastern Corn Belt to offset the bushels lost in the drier western areas," said Brian Grete, Pro Farmer editor. "After Crop Tour, the answer is; clearly, there won't be enough in the east to offset the west, not nearly enough."

Soybeans: Pro Farmer estimates the 2022 U.S. soybean crop at 4.535 billion bushels with a national average yield of 51.7 bushels per acre, down from the 51.9 bushels per acre USDA estimated Aug.12.

"From what I've seen, the yield factor is there for soybeans to have a strong finish if weather is favorable leading up to harvest, I just don't think it's quite as strong as what USDA estimated because of the dryness in Nebraska, western Iowa and South Dakota," said Grete.

The Pro Farmer Crop Tour, which informs the Pro Farmer national yield estimates, concluded successfully Thursday. The Tour was carried out by a dedicated group of over 100 crop scouts that sampled nearly 3,400 fields across Ohio, Indiana, Illinois, South Dakota, Nebraska, Iowa and Minnesota. For additional information on the 2022 Crop Tour go to www.profarmer.com and https://www.agweb.com/.

Founded in 1973, Pro Farmer is a division of Farm Journal and is the leading subscription-based market advisory organization in agriculture, serving members across the United States and globally.

About Farm Journal

Farm Journal is the nation's leading business information and media company serving the agricultural market. Started 146 years ago with the preeminent Farm Journal magazine, the company serves the row crop, livestock, produce and retail sectors through branded websites, eNewsletters and phone apps; business magazines; live events including conferences, seminars and tradeshows; nationally broadcasted television and radio programs; a robust mobile-text-marketing business and an array of data-driven, paid information products. Farm Journal also is the majority shareholder of the online equipment marketplace, Machinery Pete LLC. In 2010, the company established the non-profit, public charity, Farm Journal Foundation, dedicated to sustaining agriculture's ability to meet the vital needs of a growing population through education and empowerment.


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