USDA’s ten-year baseline outlook forecasts trendline yields to increase from 171.9 bushels per acre this year to 199.5 by the year 2033. The corn price is expected to fall over the next five years to $4.30 per bushel and remain flat at $4.30 for the remainder of the outlook. The average soybean yield is expected to increase from 49.8 bushels per acer this year to 56.5 bushels per acre in 2033. The average soybean price is expected to decrease from $14.00 per bushel this marketing year to $10.30 per bushel for the last five years of the baseline outlook. CRP acres are expected to increase from 24 million in 2023 to 27 million acres in 2033.
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