USDA Economist: Producers marketed most of old crop before price rally

Prices for U.S. crops began to rise last August, and despite last week’s sell-off, they have not really stopped.

USDA’s chief economist says that the problem with last year’s crop was that producers marketed most of it before the price rally. However, he admits this year could be quite different.

According to Seth Meyer, “Now there’s an opportunity going forward, the market will be on edge, the market will watch the development of our crop, and there’ll be an opportunity to capture more of this higher prices in their marketings, and so producers will be able to take advantage of it.”

USDA predicts prices for the new crop year will continue rising compared to the current marketing year. The department sees corn, soybeans, and wheat between 20-30 percent higher and cotton 10 percent higher.


Feed costs, meat prices higher than year ago

Agriculture Shows
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Farm Traveler is for people who want to connect with their food and those who grow it. Thanks to direct-to-consumer businesses, agritourism, and social media, it’s now easier than ever to learn how our food is made and support local farmers. Here on the Farm Traveler, we want to connect you with businesses offering direct-to-consumer products you can try at home, agritourism sites you can visit with your family, and exciting new technologies that are changing how your food is being grown.
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
Host Ben Bailey hops in the tractor cab, giving farmers 10 minutes to answer as many questions and grab as much cash as they can for their local FFA chapter.