Wisconsin farmers are looking to increase their corn and soybean plantings in 2023, according to a prospective plantings report. The report, which surveyed Wisconsin farmers on their planting intentions for the upcoming growing season, revealed a significant shift in crop allocation compared to the previous year.
Farmers plan to plant 4.1 million acres of corn, a 4% increase from 2022, and 2.1 million acres of soybeans, a 2% increase from last year. This shift towards corn and soybeans is expected to come at the expense of other crops like wheat, oats, and hay.
The report also showed a trend towards larger farms, with the average farm size increasing by 6 acres to 224 acres. This trend is consistent with the broader trend towards consolidation in the agricultural sector, as larger farms are able to achieve economies of scale and compete more effectively in the global market.
Despite the shift in crop allocation, Wisconsin farmers face challenges in the upcoming growing season, including rising input costs, weather variability, and market uncertainty. These challenges highlight the need for continued innovation and investment in the agricultural sector to ensure the long-term sustainability and profitability of Wisconsin's farming communities.
Overall, the prospective plantings report provides valuable insights into the shifting landscape of Wisconsin agriculture and the challenges and opportunities that lie ahead for the state's farmers.
Categories: Wisconsin, Crops, Corn, Soybeans