FarmPolicy

February 27, 2020

Crop Estimates

Yesterday the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) released its 2008 Crop Production Summary.

In part, the report stated that, “Corn for grain production [related graph] in 2008 is estimated at 12.1 billion bushels, up 1 percent from the November forecast but 7 percent below last year’s record high. The average U.S. grain yield is estimated at 153.9 bushels per acre, up 0.1 bushel from the November forecast and 3.2 bushels above 2007. The 2008 yield is the second highest on record, behind 2004, and production is second largest, behind last year.”

The NASS report added that, “Soybean production [related graph] in 2008 totaled 2.96 billion bushels, up 1 percent from the November forecast and up 11 percent from 2007. U.S. production is the fourth largest on record. The average yield per acre is estimated at 39.6 bushels, 0.3 bushel above the November forecast but 2.1 bushels below last year’s yield. Harvested area is up 16 percent from 2007, to a record 74.6 million acres.”

A NASS news release from yesterday included this brief recap of the production results: “An economic downturn, floods in the Midwest, hurricanes in the South and drought-like conditions in various areas of the United States made 2008 one of the most volatile years in history for the agriculture industry. In spite of all the challenges U.S. farmers produced an abundant corn and soybean crop, according to the 2008 Crop Production Summary released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service.”

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