View in Browser
February 21, 2023
 
 
 
 
 
 
Chip Flory: The 2023 Acreage Puzzle
 
History suggests combined corn and soybean acres of up to 181 million, but several unknowns point to a higher number in 2023. While more acres would provide some supply-side cushion to absorb a yield nick, carryovers are likely to be low enough to minimize downside price risk until markets become confident that 2023 crops can reach trend line yields.
 
 

If you're interested in buying fertilizer in bulk, consider building on-farm storage or participating in a buying group.
 
 

The Congressional Budget Office recently unveiled its 10-year cost estimates for existing farm bill programs. Jim Wiesemeyer, Pro Farmer policy analyst, advises not to put too much weight in these estimates, as they are the reason the farm bill is out of date so soon after it is written.
 
 

As real estate prices skyrocket and labor becomes harder to find, the blueprints for future grocery stores might soon start to downsize.
 
 

The smallest beef cowherd in 60 years will be rebuilt cautiously as ranchers struggle to recover from the perfect storm of economic and weather black swans.
 
 
 
 
 
 
 
 
Connect With Us:
You are receiving this email because you are a subscriber or past subscriber to a Farm Journal Product.
 
 
 
Copyright 2023 Farm Journal, Inc 8725 Rosehill Road Lenexa, KS, 66215