Finding the right acreage balance will be especially important this year. Given the current market prices and demand, NDSU Extension Crops Marketing Economist Frayne Olson expects an increase in corn, canola and soybean acres in North Dakota. “We had almost three million acres of prevent plant in 2020. A lot of those were from corn and I think they’ll go back into corn,” says Olson. “There’s also interest in soybeans. I recommend farmers forward price soybeans before planting.” Smaller market crops are trying to compete. “They need to hold acres from last year. Pinto beans had a substantial increase in plantings and can afford to have some slippage, but can’t see many acres diverted away.” Malting barley is in a similar situation. Olson will be watching for what USDA says in the March Prospective Plantings report.
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