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Wednesday, April 19, 2017

Too Early to Worry About Late Planting

ifr170421–092
Too Early to Worry About Late Planting
Todd Hubbs, Agricultural Economist - University of Illinois

Farmers have been a bit worried about getting into the field because of rains throughout the Midwest. It looks like those will clear out for the week, mostly, and even if they don’t, there isn’t much to worry about, yet. Todd Gleason has more on when the ag economist at the University of Illinois think late planting impacts the markets and yields.

Farmers have been itching to go to the field…
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Farmers have been itching to go to the field. They want to plant corn in the Midwest. There’s also some rumblings about delayed planting. That’s a little hard to swallow in mid-April says Todd Hubbs.

Todd Hubbs :05 …not getting a corn crop in.

Quote Summary - We need a few more weeks before we start getting panicked about not getting a corn crop in.

Hubbs is an agricultural economist at the University of Illinois. He’s looked at the stats and the historical record. He says it is pretty concise.

Hubbs :18 …data on crop progress and planted acres.

Quote Summary - If we have a huge amount of corn planted late, then we will see some acreage removed from the national portfolio. There is really no correlation or pattern with soybeans being planted late. There is for corn when you look at the national data on crop progress and planted acres.

It’s a correlation that won’t happen for about a month if it happens at all.

Hubbs :28 …I don’t think we are in any danger right now.

Quote Summary - May 20th for corn is late. You do see some yield hits as you move along. Emerson Nafziger has a really nice post from last year for Illinois in particular about corn and soybean yields and planting dates. So, May 20th for corn and around May 30th for soybeans and I don’t think we are in any danger right now.

You can check out Emerson Nafziger’s planting date post on the web. Just search google for bulletin and University of Illinois.