Big crops in 2017 means South Carolina producers will have to adjust their budgets in 2018 to account for lower prices.
This was the message Clemson agricultural economists Nathan Smith and Scott Mickey gave during the recent 2018 Ag Outlook conference. Smith said corn, cotton and soybeans all had good crops in 2017.
“Corn is one of our top crops,” Smith said. “A record yield was reported in South Carolina at 137 bushels per acre
Just as corn producers, South Carolina cotton producers reported a really good crop in 2017, Smith said. The USDA shows 250,000 acres of cotton were planted in the state in 2017 and producers are expected to harvest a 940 pound per acre yield, second best on record.
South Carolina soybean production for 2017 was one of the biggest soybean crops the state has ever seen, said Mickey. The total number of soybean acres planted in South Carolina in 2017 was 400,000 acres.
Peanuts also had a good production year, Smith said.
Peanut prices were up in 2017, but the large crop probably will lead to lower prices in 2018.
A federal judge is telling a major pork producer to live up to an agreement it signed 11 years ago and work on cleaning up water pollution tied to almost a dozen industry-scale hog operations.
U.S. District Court Judge Malcolm Howard this week ordered Murphy-Brown LLC to end a three-year delay and have a mutually agreed consultant develop plans to fix problems at 11 sites in in Bladen, Columbus, Duplin, Pitt, Sampson and Scotland counties.
Environmentalists say the independent expert found groundwater contamination or waste lagoon problems at the operations.
Murphy-Brown is the North Carolina-based livestock production subsidiary of Smithfield Foods Inc., which is owned by the Chinese company that is the world’s largest pork producer.