The U.S. Agriculture Department bumped up its estimate for 2009 U.S. corn production to a new record on Tuesday, shocking traders who anticipated a decline after a difficult harvest.
USDA's 2008 Farm and Ranch Survey has found that farmers and ranchers are now irrigating 54.9 million acres farmland across the United States, an increase of nearly 5 percent since 2003.
U.S. farmers made the most of good weather the past 2 weeks and as of Sunday, June 1, USDA is reporting that 95% of U.S. corn acreage is planted and 78% of soybeans are in the ground.
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.
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