Low prices hinder acreage expansion

Low prices hinder acreage expansion

LOW prices and poor profit margins should keep expansion plans under wraps for most growers in 2016, according to Farm Futures' latest survey of planting intentions, results of which were released Jan. 21.

While Farm Futures found farmers ready to boost corn acreage this spring, the increase is modest, at 89.5 million acres (Table). That would be up 1.7% from 2015 — which had been reduced substantially by bad weather — but 1.1 million

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