U.S. Corn, Wheat, Cotton, Soybean Acres to Rise, USDA Says |
| BusinessWeek - Feb 25, 2011 |
U.S. corn, wheat, cotton and soybean acreage will rise this year, the government said.
Corn will be planted on 92 million acres, up from 88.2 million last year, Joe Glauber, the U.S. Department of Agriculture’s chief economist, said today at a USDA forum near Washington. A record 78 million acres will be sown with soybeans, up from 77.45 million in 2010, he said. Upland cotton acres were projected at 12.75 million, up from 10.97 million, and wheat will increase to 57 million acres from 53.6 million.
“Higher market prices will encourage greater plantings this year and increased crop production this fall,” Glauber said in prepared remarks. “Assuming normal weather this spring and summer, production of corn, soybeans and upland cotton are expected to be up in 2011. Despite higher planted acreage, wheat production will be affected by dry weather since last fall in the hard-red-winter growing region and by a return to more normal yields this year.”
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- Posted: 2011-02-24 23:37:49
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