The Arkansas corn crop saw a significant decrease in acres in 2024, with prices being a primary factor. Acreage fell by 41% due to low commodity prices, prompting farmers to shift to other crops like soybeans. Despite lower prices, corn yields remained strong at about 186 bushels per acre. Other row crops like wheat and sorghum also saw decreases in acres, with limited market options in the state affecting profit potential. Winter wheat prices were stable at around $5.50 per bushel, but fewer acres were planted in 2023 compared to the previous year.
Arkansas farmers faced challenges with input costs for corn, including seed and fertilizer. Prices for corn decreased from $7.38 to $4.16 per bushel between 2022 and 2024, while soybean prices remained more favorable at $10 per bushel. Overall, corn acreage decreased in 11 states, with timely rains helping maintain near-record yields in Arkansas. Northeastern Arkansas farmers had the highest yields due to early planting and favorable weather conditions.
Research by the University of Arkansas System Division of Agriculture has contributed to improvements in corn yields over the past 25 years, supported by the Arkansas Corn and Grain Sorghum Checkoff Program. Despite challenges in the corn market, farmers in Arkansas are adapting to changing conditions and exploring alternative crops to maintain profitability. The winter wheat acreage report for Arkansas will be available in January, providing further insights into crop trends in the state.
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