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Iowa | Averages are a funny thing. If you have 100 acres a 1-2 acre blip lowers the average quickly, if you have 1000 acres that blip gets lost in the numbers. Nationally I think we have expanded and diversified the acres so much in the last 20 years that big events like 2012, 1988 are going to be hard to come by. Also the genetics have improved so much that for every acre that’s 40% below aph there may be 2 acres that are 20% above. “Fringe” acres today have the potential to out yield I state corn if the weather cooperates. Yes corn acres are down 3 million, but if you look at the 10 year it’s still the second largest number of acres - if you look at the current corn acres and compare it to the 2017-2020 timeframe we currently have 105% of that average. What I’m saying is this: don’t get to much backyarditis, because every bushel you lose in the Dakotas may be offset by someone in another state. My area had a rough 2024- our end users just brought in from excess in SD that year. But yes, let’s hope this rally continues. | |
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Rally with the stamina of demand.........
