Drought Slashes Corn, Soybean Production

The historic 2012 drought has cut crop production dramatically, with losses in corn especially heavy, according to the latest survey of growers by Farm Futures Magazine.

This year’s corn output could fall below 10 billion bushels, more than 30% less than original estimates this spring from the U.S. Department of Agriculture. Based on current crop conditions and a survey of more than 1,800 farmers nationwide, Farm Futures estimates the crop at just 9.86 billion bushels, with an average yield of 117.6 bushels per acre.

“While farmers told us they planted a little more corn than shown in USDA’s June 30 acreage report, abandonment will be much higher than the government predicted due to effects of the drought,” said Bryce Knorr, senior editor for Farm Futures, who conducted the research. “With fields already being plowed under or cut for silage, it appears harvested acres could fall to just 84 million, almost 5 million less than USDA forecast in June.”

Farm Futures

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