Farmers are trying to make good planting decisions based on a late season and volatile markets. Purdue University Center for Commercial Agriculture Director Jim Mintert says it’s a challenge. Ultimately, the decision comes down to risk preference. “If you’re pretty risk averse, you’ll be more inclined to take prevented planting. If you have a more optimistic attitude, you’ll go with an option that goes with an upside.” In Indiana and the central Corn Belt, Mintert says farmers also have an incentive to plant past the final planting date in order to qualify for USDA’s new Market Facilitation Program. “At the end of the day, it will encourage farmers to keep planters moving. It may boost soybean acres, but we’ll have to see.”
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