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WC MN | Just doing some quick figuring and may make no sense but here is my take on the PP acres.
Lets use round numbers and say MN and IA both end up with 1 million per state. Out of those 2 million maybe 1.5 million was to be corn? ND has 4.4ish million and lets use 500,000 of that was to be corn (not necessarily what was paid out but what was truly intended)
Adding those acres together we get 2 million or so "lost" corn acres. I'll use 165 BPA across all those acres (175 for IA,MN and 130 for ND). That total is 330 million bushels. The eastern cornbelt is looked to to make up for some or most of that shortfall. IL,IN,and OH were to grow roughly 22 million acres this year according to March numbers (not sure how much or if they changed since). Those states would have to average 15 BPA above trend to make up for that loss. Sounds like that is possible this year??
I know this is just rough numbers but I'm trying to put what this all means in perspective. I know there may be some areas that also had PP as well as tougher looking spots in some states. What I wrote could be way off and if anyone has any other or different thoughts I'm all ears.
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Impact of PP
