Total Catastrophe For U.S. Corn Production: Only 30% Of U.S. Corn Fields Have Been Planted – 5 Year Average Is 66%
Total Catastrophe For U.S. Corn Production: Only 30% Of U.S. Corn Fields Have Been Planted – 5 Year Average Is 66% by Michael Snyder for The Economic Collapse Blog
2019 is turning out to be a nightmare that never ends for the agriculture industry. Thanks to endless rain and unprecedented flooding, fields all over the middle part of the country are absolutely soaked right now, and this has prevented many farmers from getting their crops in the ground. I knew that this was a problem, but when I heard that only 30 percent of U.S. corn fields had been planted as of Sunday, I had a really hard time believing it. But it turns out that number is 100 percent accurate. And at this point corn farmers are up against a wall because crop insurance final planting dates have either already passed or are coming up very quickly. In addition, for every day after May 15th that corn is not in the ground, farmers lose approximately 2 percent of their yield. Unfortunately, more rain is on the way, and it looks like thousands of corn farmers will not be able to plant corn at all this year. It is no exaggeration to say that what we are facing is a true national catastrophe.
According to the Department of Agriculture, over the past five years an average of 66 percent of all corn fields were already planted by now…
U.S. farmers seeded 30% of the U.S. 2019 corn crop by Sunday, the government said, lagging the five-year average of 66%. The soybean crop was 9% planted, behind the five-year average of 29%.
Soybean farmers have more time to recover, but they are facing a unique problem of their own which we will talk about later in the article.
But first, let’s take a look at the corn planting numbers from some of our most important corn producing states. I think that you will agree that these numbers are almost too crazy to believe…
Iowa: 48 percent planted – 5 year average 76 percent
Minnesota: 21 percent planted – 5 year average 65 percent
North Dakota: 11 percent planted – 5 year average 43 percent
South Dakota: 4 percent planted – 5 year average 54 percent
Yes, you read those numbers correctly.
Can you imagine what this is going to do to food prices?
Many farmers are extremely eager to plant crops, but the wet conditions have made it impossible. The following comes from ABC 7 Chicago…
McNeill grows corn and soybeans on more than 500 acres in Grayslake. But much of his farmland is underwater right now, and all of it is too wet to plant. Rain is a farmer’s friend in the summer but in the spring too much rain keeps farmers from planting.
The unusually wet spring has affected farmers throughout the Midwest, but Illinois has been especially hard hit. Experts say with the soil so wet, heavy and cold, it takes the air out and washes nutrients away, making it difficult if not impossible for seeds to take root.
Right now, soil moisture levels in the state of Illinois “are in the 90th to 99th percentile statewide”. In other words, the entire state is completely and utterly drenched.
As a result, very few Illinois farmers have been able to get corn or soybeans in the ground at this point…