The harvest season is slowly winding down for farmers in the area, but there are still some that are in the fields collecting their last portion of crops. Krista Swanson, Research Specialist with the University of Illinois, talked about some of the yield expectations in 2017:
“Corn yields are going to be about the same as last year, with soybeans down a little bit. Both are still above the longer term trend line. I think we’re seeing out there especially – my family farms around Oneida – and soybean yields have been a little disappointing compared to corn, but if we think back to the spring we had, both are probably higher than what would have been expected earlier in the growing season,” Swanson said.
Swanson projects the prices to recover in 2018, but is confident that soybeans will continue to be the better bang-for-your-buck choice over corn in terms of prices.
“Soybeans are going to continue to be more profitable than corn. So, if we assume a mid to high three-dollar corn price, soybeans are going to be more profitable as long as they are above nine dollars. That’s something to keep in mind as farmers think about their ratio of corn to soybean acres in the coming year,” she said.
Swanson urges farmers to search for professional advice ahead of next year’s growing season to help when making those vital decisions regarding their crops.
“Seek out professional advice on what you can do to make the best decisions for the next growing season. Hopefully, the economics will improve too to help boost profitability into the future,” Swanson stated.
To hear more of Swanson’s interview, click on the link below:
written by Jackson Kane