
This spring, commodity farmers will plant more corn, soy, and wheat than they have since World War II.
If you want to understand the state of American commodity agriculture at the moment, you need only read this recent Bloomberg article. It begins:
U.S. farmers will plant the most acres in a generation this year, led by the biggest corn crop since World War II, taking advantage of the highest agricultural prices in at least four decades.
They will sow corn, soybeans and wheat on 226.9 million acres, the most since 1984, a Bloomberg survey of 36 farmers, bankers and analysts showed. The 2.5 percent gain means an expansion the size of New Jersey, as growers target fields left fallow last year and land freed up from conservation programs.
According to the article, American farms brought in a net income of over $100 billion last year. As farmer Todd Wachtel told Bloomberg, “There is unlikely to be any ground that won’t be planted this year ... Farmers know that they have to plant more when prices are high because they may not last.”







