STORM LAKE, IOWA (RFD NEWS) — Spring planting is picking up across the country. USDA’s latest Crop Progress report shows 11 percent of corn planted nationwide, which is on pace with last year.
Dennis Reyman with the American Society of Farm Managers and Rural Appraisers (ASFMRA) joined us on Wednesday’s Market Day Report with an update on planting conditions, progress, and an update on the latest farmland market trends in the Midwest region.
In his interview with RFD News, Reyman discussed planting progress in his area, noting how much work is currently being completed as producers move through the season. He also addressed whether there is a trend toward planting more soybeans earlier in the season, and shared observations on grain movement in the area so far this spring.
Finally, Reyman spoke about farmland real estate activity in the Midwest, noting whether spring typically brings slower land sales and how that pattern is playing out this year.
Rising costs and prices are shifting acreage toward soybeans. Most fertilizer prices are up double digits from this time last year, with Urea seeing the largest gains.
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