The USDA's National Agricultural Statistics Service (NASS) recently released its Crop Production report, forecasting optimistic corn and soybean yields in 2024. Despite a slight decline in overall corn production, average yields for both crops are expected to reach unprecedented levels.
Record Corn Yields Forecasted
According to the report, U.S. corn production is projected to total 15.1 billion bushels, a 1% decrease from 2023. However, the average corn yield per acre is expected to hit a record high of 183.1 bushels, surpassing last year's yield by 5.8 bushels. This increase is particularly noteworthy as it reflects improved crop conditions and favorable growing environments across key corn-producing states.
NASS has identified several states likely to contribute significantly to this record-breaking average. These include Idaho, Illinois, Indiana, Iowa, Louisiana, Michigan, Nebraska, South Dakota, Washington, and Wisconsin. As of early August, 67% of the nation's corn crop was reported to be in good or excellent condition, a significant improvement from the same time last year.
Soybean Production and Yields Set to Climb
In contrast to the slight decrease in corn production, soybean growers are on track for a bumper year. The USDA forecasts soybean production to reach 4.59 billion bushels, a 10% increase from 2023, marking a new record for U.S. soybean output.
Average soybean yields are also expected to break records, with projections of 53.2 bushels per acre, an increase of 2.6 bushels from the previous year. If these predictions hold, states like Arkansas, Illinois, Indiana, Mississippi, Missouri, and Ohio will all see record-high yields.
Other Notable Crops
The USDA's report also sheds light on other crops, with positive forecasts across the board. Wheat production is expected to increase by 9% from 2023, totaling 1.98 billion bushels. This includes a significant 30% rise in durum wheat production and an 8% increase in spring wheat production. The overall U.S. wheat yield is forecasted at 52.2 bushels per acre, up 3.6 bushels from last year.
Cotton production, another key crop, is forecasted at 15.1 million bales, marking a 25% increase from last year despite a slight decrease in yield per acre.
Preparing for a Strong Finish to the Growing Season
As the growing season progresses, NASS is preparing to conduct its September Agricultural Survey, which will provide final acreage, yield, and production data for several crops. With the potential for record-breaking corn and soybean yields, the agricultural sector is poised for a strong finish to the year, highlighting the resilience and productivity of U.S. farmers.
If you're looking to maximize your harvest with reliable and efficient equipment, a local John Deere dealer can help.