A couple weeks ago the Farm Progress PANEL looked at the fight for acres, which may or may not influence planting decisions in 2022. However, we wanted a little more insight into why you might switch from corn to soybeans or vice versa.
It turns out most respondents aren’t contemplating a change to their rotations. Here’s a look at the results.
For about 15% of respondents, the price of the commodity can influence crop choice ahead of planting. Rising corn prices could keep those acres in corn; and if you’re seeing high corn prices lock them in where possible for this year’s crop. Rising prices for cotton, wheat, corn and soybeans make this acre-choice interesting to watch.
For about one-fifth of respondents, cost of inputs would force a change in rotation. This group may be looking at that nitrogen prices and think “soybeans.” Or some other choice. If one-fifth of the producers – across all corn and soybean growers – switched crops that could impact the market, as would a switch by the smaller group working off crop prices.
As for the majority, nearly two-thirds say they are sticking with their rotation. When you’re in a successful corn/soybean rotation, or other crop rotation, making changes can be more costly that high-priced nitrogen. This group is standing pat for 2022 and planting according to their long-term plant.
Got a question you’d like us to ask the panel? Send a note to willie.vogt@farmprogress.com.
Thanks to everyone who responded to these PANEL questions.
The Farm Progress PANEL is your chance to share your thoughts on key issues. To take part, start by signing up for our daily mobile text service Farm Progress NOW. To do that text FARM to 20505, and be sure to respond to the text that follows we have a double opt-in system to make sure you’re signed up.
Later in one of our daily update texts we’ll provide information about how to sign up for the PANEL.Once you’re on the PANEL be sure to respond to questions as they appear. And thanks.
The Farm Progress PANEL looks at the factors that might get you to switch crops ahead of #plant22
