National Agriculture Statistics

NASS forecasts new record soybean yield for Arkansas

By Mary Hightower 
U of Arkansas System Division of Agriculture  

LITTLE ROCK — Arkansas is on track to break its year-old record for soybeans, as the National Agricultural Statistics Service on Monday forecast a statewide 57-bushel-per-acre average yield, up three bushels per acre from last year. 

NASS, part of the U.S. Department of Agriculture, forecast Arkansas soybean production at 172 million bushels, up 8 percent from last year. Harvested acreage is expected to be 70,000 acres higher than last year at 3.02 million from 3.05 million acres planted.

Soybeans are on track for a record state average yield, according to NASS.  (Flickr Image)

“I was very surprised of the projected new state record yield of 57 bushels per acre for 2024,” said Jeremy Ross, extension soybean agronomist for the University of Arkansas System Division of Agriculture.  

“With how early a majority of the soybean crop was planted this year, I was anticipating yields similar to slightly below the 54 bushels per acre state average soybean yield seen in 2023,” he  said. “I'm hoping the best for this soybean crop, because every soybean farmer is going to need every bushel that can combine with how much the soybean prices have dropped over if the last 12 months.”  

Ross said Arkansas growers had “almost ideal weather conditions from planting to harvest in 2023. We had another good, early start for 2024, but July was hotter and drier than 2023 and August is looking like it's going to be hot and dry as well. 

“The last time we had a significant yield bump between two years was 2016-2017. The average state yield was 47 bushels per acre in 2016 and 51 bushels per acre in 2017,” he said “Again, the weather conditions in 2017 were much improved from those seen in 2016.”  

CORN — Corn production was forecast at 90.2 million bushels, down 41 percent from last year. However, yield is expected to average 186 bushels per acre, up three bushels from last year. NASS revised the planted acres downward by 120,000 acres to 500,000. Harvested acres were also expected to drop from 600,000 to 485,000. 

“Yields look to be really good, with an estimated 186 bushels per acre state average yield,” said Jason Kelley, extension wheat and feed grains agronomist. “This is not a record but getting close.  

“Overall, it was a great growing season for northeastern Arkansas, which got planted early and never looked back,” Kelley said. “Points further south had a more difficult planting season due to too much rain at planting for some producers, but statewide we have had some timely rains which has cut down on irrigation costs this year. Harvest has started on a limited amount of acres and will continue to increase as we get later into August. 

COTTON — Cotton production was expected to rise by 21 percent to 1.65 million bales, which is 288,000 bales higher than last year. Yields are expected to be 57 pounds per acre lower than last year, forecast at 1,238 pounds of lint. Harvested acres were expected to be up 135,000 acres from last year to 640,000. 

Zachary Treadway, extension cotton and peanut agronomist, said that the new acreage number, while a decrease from NASS’s initial estimate, “is still quite an increase from our acreage last year. 

“I know of several locations that had to abandon cotton planting due to extremely wet conditions in southern Arkansas, so the decrease from the initial estimate is not a huge surprise,” he said. “The increase in total production is to be expected with the major increase in acres.” 

Treadway said that the crop has held up despite “the roller coaster season we’ve had.  

“We started extremely wet, then we got extremely hot and dry, followed by more cool and wet conditions, and it seems like we are again settling into hot and dry for the coming several days,” he said. “Cotton is still trading pretty low at somewhere from 68-70 cents, so we need to get this crop to the finish line in the best shape possible to aid producers' bottom lines in a tough market.” 

PEANUTS — The forecast for peanuts is mixed, with production expected to be 18 percent higher than last year to 233 million pounds. However, yield is forecast to be down 500 pounds per acre from last year to 5,300 pounds. The forecast for harvested acreage has been revised upward to 44,000 acres from 34,000. 

RICE — Seems like everything is up for rice in the August forecast.  Production is forecast at 109 million hundredweight, up 2 percent from last year. The yield for all rice is forecast at 7,600 pounds per acre, up 50 pounds from last year. The forecast for harvested acres rose 30,000 acres to 1.43 million acres. 

Jarrod Hardke, extension rice agronomist for the Division of Agriculture, said Monday’s report wasn’t surprising.   

“I expected acreage projections to increase slightly compared to the June report,” he said. “The yield number — at slightly higher than last year –- was unexpected but is still really within the range of my projection.  

“It’s a very good yield but not a record,” Hardke said. “The question is whether our significant amount of early planting counteracts some of the likely yield drags from in-season management difficulties due to weather.” 

HAY — NASS has forecast Arkansas’ hay production to be 2.68 million tons, up 22 percent from last year. The yield is forecast to average 2.20 tons per acre, up 0.30 tons from last year. Producers expect to harvest 1.22 million acres of hay, excluding alfalfa, up 60,000 acres from 2023. 

To learn more about Division of Agriculture research, visit the Arkansas Agricultural Experiment Station website: https://aaes.uada.edu. Follow on Twitter at @ArkAgResearch. To learn more about the Division of Agriculture, visit https://uada.edu/. Follow us on Twitter at @AgInArk. To learn about extension programs in Arkansas, contact your local Cooperative Extension Service agent or visit www.uaex.uada.edu.  

New Census of Ag points out differences in risk protection

By Mary Hightower
U of Arkansas System Division of Agriculture

LITTLE ROCK — Data in the new Census of Agriculture has pointed out some significant differences in risk management programs for farmers, said Hunter Biram, extension economist for the University of Arkansas System Division of Agriculture.

The Census of Agriculture, published by the U.S. Department of Agriculture’s National Agricultural Statistics Service, offers a very broad snapshot of the farming sector in its 757 pages. The latest version, 2022 Census of Agriculture, was released Feb. 13. The previous version was released in 2017.

The USDA Risk Management Agency’s “Crop Insurance appears to provide more risk protection than the Agriculture Risk Coverage and Price Loss Coverage programs offered by the Farm Service Agency,” Biram said.

Hunter Biram: Census shows differences among risk protection options for farmers. (U of A System Division of Agriculture file photo)/td>

Agriculture Risk Coverage and Price Loss Coverage, better known as ARC and PLC,  are offered by FSA to provide financial protection to farmers against drops in crop prices or revenues. On the other hand, Crop Insurance, provided by private companies and subsidized by USDA’s Risk Management Agency, provides coverage against production losses due to drought, hail, frost, hurricanes, excessive moisture, fire, insects, plant disease and other causes.

Biram said the differences between ARC/PLC and crop insurance are “indicated by nearly double the average payments per farm for crop and livestock insurance payments — increasing from $26,388 to $52,819 per farm” since the 2017 census.

Another category that saw increases were government payments from conservation programs, as well as loan deficiency and disaster payments.

“Government payments per farm averaged around 55 percent more between 2017 and 2022, increasing from $13,906 to $21,599 per farm,” Biram said.

“This is driven by myriad factors such as the fact that the most popular crop insurance programs offer a farm-level revenue trigger, compared to FSA programs which provide county-level revenue trigger, so you get more specific, more tailored protection from Crop Insurance relative to ARC or PLC,” he said. “Another driver is the fact that Price Loss Coverage payments have waned across all major program crops in recent years, even in rice.

“Soybeans have never received a PLC payment. Corn and Seed Cotton have received a few PLC payments. There is a chance rice and peanuts do not trigger a PLC payment for the third year in a row.,” he said.

PLC is administered by FSA under Title 1, the commodities portion of the Farm Bill, while federal crop insurance is administered by the Risk Management Agency. For a summary of this public-private partnership, see The Structure of the U.S. Crop Insurance Industry.

For a deeper dive, Biram also has a workbook called the Fundamentals of Federal Crop Insurance.

Census history

The first Census of Agriculture was conducted by the Census Bureau in 1840 across 26 states and the District of Columbia. In 1997, the task was transferred to the National Agricultural Statistics Service and now encompasses all 50 states plus Puerto Rico, Guam, the U.S. Virgin Islands, American Samoa and the Northern Mariana Islands.

Information in the census can be viewed by national, state and county levels, as well as congressional districts, watersheds and zip codes.

To learn about extension programs in Arkansas, contact your local Cooperative Extension Service agent or visit www.uaex.uada.edu. Follow us on X and Instagram at @AR_Extension. To learn more about Division of Agriculture research, visit the Arkansas Agricultural Experiment Station website: https://aaes.uada.edu. Follow on X at @ArkAgResearch. To learn more about the Division of Agriculture, visit https://uada.edu/. Follow us on X at @AgInArk.

Arkansas cattle producers facing ‘disaster’ as record drought conditions worsen

by George Jared (gjared@talkbusiness.net)

Drought conditions in Arkansas continue to worsen and it’s starting to have an impact on the state’s largest economic sector, agriculture. The impacts to row crops won’t be known for a while, but the cattle industry is in peril.

There are growing reports that cattle farmers are selling off livestock to cut their losses. Farmers in this industry rely on grass fields and hay to supplement costlier feed. The withering conditions are affecting pasture performance statewide.

Parts of Arkansas haven’t had any measurable rain since late May. The National Agricultural Statistics Service’s weekly crop report indicates that 43% of pastures are in poor or very poor condition.

https://talkbusiness.net/2022/07/arkansas-cattle-producers-facing-disaster-as-record-drought-conditions-worsen/