AgDM April: Preparations for the upcoming crop year

With the calendar shift into April, farmers are gearing up for planting. USDA has provided four major reports that outline crop supplies and demand estimates for both the 2023 and 2024 crops. With the March and April World Ag Supply and Demand Estimates (WASDE) reports, USDA has provided the markets an update on the shifting set of crop usage for the 2023 crops. With the March releases of the Grain Stocks and Prospective Plantings reports, USDA revealed the sizable crop stocks remaining in farmer hands as we go into planting and the differences between farmers’ planting intentions and USDA’s early projections on crop acreage. Read the full article by Dr. Chad Hart for a summary of how these reports have adjusted the 2024 outlook.

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An agricultural economics and business website.

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