Delays in planting corn coincide with 2019, economists’ reviews prevent plant scenarios
If in early May, only 14% of corn was sown across the country, a prevention option was considered.
Economist Gary Schnittki of the University of Illinois tells Brownfield in some states that progress in planting corn is lagging behind 2019, when many acres were never planted.
“As of May 1, 7% of acres of corn were sown in Illinoisstreet this year and on May 5, 2019, 10% was sown. But the big one is Iowa, where 9% has been sown in 2022 and 36% in 2019.
But Schnittki says market signals make the landing prevention scenario this year much different than in 2019. He says their planting decision module shows that planting corn in downtown Illinois right after the final sowing date for crop insurance is still more profitable than the plant prevention fee because fall rates are higher than the projected price for 2022 at 5 , $ 90.
“In 2019, it was the other way around. We looked at commodity prices, which were declining during the year, and we then had a trade war. This year, the conflict between Russia and Ukraine has led to tougher grain supplies.
He also says there is still time to get the corn into the ground before the final planting date, as planting can progress rapidly with relevant field days throughout May. However, he expects some farmers to make a decision to prevent the plant.
“In the Midwest, farmers are likely to face a decision to prevent the plant. Hopefully not as widely as in 2019, but some areas will be. ”
Schnitz says farmers can use their time to calculate how many acres they are eligible for plant prevention, and use the farmdoc planting decision module to consider scenarios specific to their area.
Final sowing dates for crop insurance in Brownfield
- South Dakota– May 25th is the final date for planting corn in much of South Dakota, except the southeast corner of the state, where it is May 31street. June 10th is the soybean planting deadline.
- Nebraska – May 25th is the deadline for planting corn and June 10th this is the date for soy.
- Kansas – May 25th is the final date for planting corn in most of Kansas, except for a few counties in the southeast corner, where the date – May 15th. The soybean planting deadline varies in the state for June 15thth and June 30thth.
- Minnesota – May 25th is the final date for planting corn in northern Minnesota and May 31ststreet for the rest of the state. The date of soybean delivery is June 10th nationwide.
- Iowa -In Iowa, the deadline is May 31street on corn and June 15thth for soybeans.
- Missouri – Deadlines for planting corn vary in different states of Missouri; May 25th for most western counties May 31ststreet in the northeast and May 10thth and 15th for the few southern counties. June 20th is the final date for soybean planting in most Missouri states, except for a few southern counties where it has been extended until June 30.th.
- Wisconsin – May 25th is the final date for planting corn in northern Wisconsin and May 31ststreet for the rest of the state. June 10th this is the date for soybeans in central and northern Wisconsin and June 15thth for the southern counties.
- Illinois – June 5th is the final date for planting corn in most Illinois states, except for a few southern counties where it is May 31street. June 15th is the final date for soybean planting in northern Illinois, and June 20thth for central and southern counties.
- Michigan – The deadline for landing in Michigan is June 5th on corn and June 15thth for soybeans.
- Indiana – The deadline for planting in Indiana – June 5th on corn and June 20thth for soybeans.
- Ohio – The deadline for landing in Ohio is June 5th on corn and June 20thth for soybeans.
- Kentucky – The deadline for landing in Kentucky is May 31street on corn and June 15thth for soybeans.