An ag economist says total U.S. planted acreage is more than three million acres below the average from 2015 to 2018.
The University of Missouri’s Ben Brown blames the drop in USDA’s recent acreage report on high input prices outweighing strong crop markets.
“Even with these very strong prices, producers [are] signaling that the input costs and the run up in input prices that we’ve seen have tampered the excitment to get out and plant fence row to fence row,” he said.
