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 Aug. 24, 2015 Source: Pro Farmer Professional Farmers of America, a division of Farm Journal Media, reported its production estimates for the 2015 U.S. corn and soybean crops after reviewing information from the organization's Pro Farmer Midwest Crop Tour and other sources. The extensive crop survey confirmed mixed growing conditions across the Midwest, with expected corn yields down substantially this year in the eastern Corn Belt. Pro Farmer estimates overall production will decrease 760 million bushels for corn and 82 million bushels for soybeans compared to 2014. 2015 U.S. corn crop is estimated to be 13.323 billion bushels, yielding 164.3 bu. per acre. For soybeans, the production estimate is 3.887 billion bushels (46.5 bu. per acre). Both production forecasts are smaller than those in USDA's estimates released earlier in August. "We confirmed exceptionally high-yield potential for both corn and soybeans in parts of Iowa and Minnesota," says Chip Flory, Pro Farmer Editorial Director. "There are some problem areas, but they are the exception and not widespread. The western Corn Belt has rock solid yield prospects in most areas." Crop Tour field scouts gathered more than 2,800 corn and soybean samples across seven Midwest states August 17-20. The area surveyed accounts for about 70% of U.S. corn and soybean production. Brian Grete, Pro Farmer Editor, says, "States in the eastern Corn Belt are looking at dramatic decreases compared to the great year they had in 2014. Our Ohio and Indiana yield checks were highly variable and mostly disappointing because of the tough weather conditions the area saw earlier this year." The 2015 Pro Farmer Midwest Crop Tour was covered heavily by national media including: The Wall Street Journal, Bloomberg, and Thomson Reuters. Approximately 3,000 people attended Crop Tour's seven evening meetings sponsored by DuPont Pioneer, RCIS (Rural Community Insurance Services), Farm Credit Services of America, Chevy Truck and Montag Manufacturing. The final evening report and meeting held in Rochester, Minn., attracted more than 600 attendees and included a panel report featured on Farm Journal Media's nationally-syndicated television program "U.S. Farm Report." Participating in the 2015 Tour were more than 120 volunteer scouts from 10 countries including growers, agribusiness, media, government and financial firms. Tweet |
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