US Farmers Plan to Go ‘Heavy on Corn’ in 2023 Despite Risks

US Farmers Plan to Go ‘Heavy on Corn’ in 2023 Despite Risks
Dale Nething, 86, transfers a load of corn from his truck to a grain silo on his family farm in Ravenna, Ohio on Oct. 11, 2021. Dane Rhys/Reuters
Reuters
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CHICAGO—U.S. farmers are planning to boost corn acreage in 2023, eyeing lower prices of fertilizer needed to grow the crop and hoping for a bumper crop after a late season drought withered last year’s grain harvest and left U.S. corn supplies near a decade low.

Plans for the upcoming season were made even as doubts mounted about demand and price gains for soybeans outstripped corn late last year. But early acreage forecasts and interviews with farmers show their faith in the biggest U.S. crop has not waned.