Soybean Farmers Usually Follow Early Acreage Intentions

George W. Kromer

No 321989, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: U. S. soybean acreage planted rose from 23 million in 1959 to a record 42 million in 1968. Expansion occurred in all areas, with a sharp increase in the South. Farmers in early March indicated plans to plant 43 million acres to soybeans in 1969. Producers usually carry out their soybean planting intentions. In 8 of the past 10 years, U.S. soybean plantings were within 1% of intentions. However, actual plantings in 1969 may not match intentions because of growers' later decisions based on Government program provisions which were not fully known on March 1--including the cut in the price support rate for 1969-crop soybeans.

Keywords: Agricultural and Food Policy; Crop Production/Industries (search for similar items in EconPapers)
Pages: 12
Date: 1969-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:321989

DOI: 10.22004/ag.econ.321989

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