by Jacqueline Holland
Grain market analyst, Farm Futures magazine
The 2023 acreage battle is already underway, but this year a surprise player could upend corn and soybean acres. A surge in projected wheat acres and pricey inputs will likely keep a lid on corn and soybean acreage in 2023 according to 560 farmer respondents who participated in the January 2023 Farm Futures survey, conducted from November 28 to December 30, 2022.
The survey also found that most growers finalized 2023 acreage decisions before the end of 2022. About 70% of farmers reported being locked in on 2023 acres by late December 2022. Barring any major market upheaval in the coming weeks, growers have much less incentive to deviate from rotations than last year.