USDA’s June Acreage report was conducted too early to adequately capture the impact of prevented plantings on 2019 corn and soybean acreage. The Ag Economy Barometer asked growers if they are taking a prevented planting payment on any acreage in 2019.
Following a notoriously wet planting season, data from the Risk Management Agency (RMA) indicated that prevented planting claims for the year could exceed $1 billion. As of July 1, the RSA reportedly had paid out $151 million in prevented planting claims, up $39 million from the week before.
Hoping to head off a “rapidly emerging forage crisis for livestock farmers across the Midwest,” a multi-state coalition of agricultural organizations submitted a written request to USDA Secretary Sonny Perdue seeking approval for emergency provisions allowing the planting and harvesting of forages on prevented plant acres without date restrictions.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.