A past president of the National Corn Growers Association is predicting some farmers are changing their planting intentions from corn to soybeans, because soybeans do not require an application of nitrogen fertilizer. Kevin Ross, who raises corn, soybeans and cattle, says escalating nitrogen costs are putting farmers in a tough spot.
Iowa State University ag economist Chad Hart says it’s likely less corn will be planted nationwide this year.
On March 31st, the USDA will release its estimate of how many acres of corn and soybeans will be planted in the U.S. this year. The average price for diesel in Iowa Friday was $4.62 a gallon, according to Triple A — about 25% higher than a month ago. Last week President Trump announced changes in shipping regulations that should let more fuel and the materials for fertilizer reach American ports. The American Farm Bureau’s president says it’s welcome news, as fertilizer stockpiles must be increased to ensure farmers who need nitrogen this growing season can buy it.
