On Friday, USDA issued its latest crop acreage report and NC had some big news.
“The news was on winter wheat whose plantings totaled 990,000 acres, which is a new record. This is exciting, but with all of the rain the harvest of the wheat is still in jeopardy. So until we get it locked up in a bin we don’t have it.
We will plant about 950,000 acres of corn this year and that is a 10% increase from last year. With all the animals we have in NC that is good news.
Flue cured tobacco is also seeing an increase. We will plant about 170,000 acres this year, that’s 4% up from last year. And there is very good demand so that business is on the up trend.
Soybeans are up about 7% and we will plant about 1.7 million acres. That is the most acres we have planted since 2009.
Peanut acerage is going to be down, we are planting about 80,000 acres, a 25% drop. We are seeing the same kinds of drop in cotton, with about 420,000 acres planted – a 28% decrease from last year.
In response to market conditions, there seems to be an over-supply of sweet potatoes. So we will plant 58,000 acres, 8% fewer than last year. We remain the largest producer in the country.
With the Chinese opening their new tobacco office here in Raleigh, its something that we have been looking forward to. It will give us a better opportunity to deal with them up close and hopefully result in more demand from them.”