With improved weather in much of the Corn Belt this week farmers should make some significant progress in getting their corn and soybeans in the ground. They will need it because, as of this past Sunday, May 12, planting lagged far behind what one might expect at this point in the season.
On Monday, USDA reported that as of May 8 64% of U.S. corn acres had been planted. This compares with 45% the week before and 69% a year ago on this date. Corn planting so far this year is well above the 50% 5-year average.
USDA reported that 87% of the 2012 corn crop was in the ground. This puts planting progress far ahead of last year's pace (56%) as well as that of the five year average (66%).
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
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