June 29, 2007
June 29, 2007 - U.S. farmers planted 92.9 million acres of corn in 2007, exceeding last year's planted area by 19 percent and surpassing the March projection by 3 percent, according to the Acreage report released today by the U.S. Department of Agriculture's National Agricultural Statistics Service (NASS). The actual planted acreage is the highest since 1944, when farmers planted 95.5 million corn acres.
Driven by favorable prices, growing ethanol demand and strong export sales, farmers in nearly all states increased their corn acreage. They set state records in Illinois, Indiana, Minnesota and North Dakota, while Iowa continued to lead all states in total corn acres.
The increase in corn is offset mainly by fewer acres of soybeans in the Corn Belt and Great Plains, and fewer acres of cotton in the Delta and Southeast. Nationwide, NASS estimates planted soybean area at 64.1 million acres, down 15 percent from last year's record high and down 5 percent from the March forecast. Area planted to cotton totals 11.1 million acres, marking a 28 percent drop from 2006 and the lowest level since 1989.
Acreage and all other NASS reports are available online at www.nass.usda.gov