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FARM FUTURES SURVEY REPORTS BIN-BUSTING HARVEST ON THE WAY
Aug. 8, 2014
Penton Farm Progress reports:
Farmers are gearing up to harvest record corn and soybean crops this fall if weather holds for the rest of the growing season, according to results of the latest Farm Futures survey.
Corn production could hit 14.331 billion bushels this fall, nearly 3% more than the bin-buster grown in 2013, the survey estimates. Average yields of 171.06 bushels per acre appear possible nationwide -- also a record -- after a summer marked by cool temperatures.
Soybeans also appear on track for records, though output could still be trimmed by late-summer dryness -- or driven higher if conditions moderate into fall. Farm Futures projects yields of 46.07 bushels per acre on average, for a crop of 3.857 billion bushels.
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