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Here is what farmers will be planting more or less of in 2017

Kansas is trading corn for soybeans. In North Dakota, farmers are ditching wheat.

In what was published Friday in the U.S. Department of Agriculture’s annual prospective plantings report the agency says they will see an increase of 7.3 percent to a record 89.5 millions acres this year.

Soybeans

  • Farmers switching to soy are being swayed by the better prospects for turning a profit on the crop compared with corn and wheat.

Corn

  • While higher year-on-year, the USDA’s corn acreage projection is trailing estimates.

Wheat

  • The total wheat acreage for 2017 is seen falling to the lowest since USDA data began in 1919.

 

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