This spring, U.S. farmers planted four percent fewer acres in corn than the previous year’s total of 90.0 million acres, and seven percent more soybeans — a record 89.5 million acres. This shift was largely due to the low returns projected for corn as the world deals with large supplies and higher profit potential in soybeans.
Coming off several years of reduced farm income, Northeast agriculture is looking forward to better results in 2017. A number of factors combined to produce diminished financial returns across multiple ag sectors in 2016, and we are looking for modest recovery in the year ahead.
