USDA plans to resurvey crop acres in Minnesota, South Dakota and North Dakota. Planting was still underway when the June surveys were conducted. The Money Farm market analyst Luke Swenson says the Agriculture Department went through a similar process a couple years ago. “That year we threw the MFP (Market Facilitation Program) money at them which is basically, plant and we’ll cover your corn seed. We were incentivized to make really bad decisions there.” This year, it was the market that incentivized planting.The Northern Plains can produce a variety of crops, ranging from canola to sunflowers. Those values have also been a factor. It’s been wild with Ukraine basically falling off the map and Russia being exiled from the western world, that black swan is something that not a lot of people could have predicted,” Swenson told RRFN. “Look at a lot of these different crops like, canola or any oilseed is gonna be in high demand.”
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