August 15, 2012
The use of more advanced equipment helps to improve efficiency within any industry, and the agricultural sector has seen this progress pay off in the form of increased acreage and higher prices.
Equipment like that available from John Deere has helped farmers deal with some of the most adverse conditions in recent history, as advances made by the agricultural company have allowed these individuals to maintain more control over their operations.
This has been especially important given the droughts that have existed in many parts of the country during this year’s growing season, some of the worst recorded weather to hit the sector in many years.
Despite the dry weather that has been seen across certain parts of the U.S., farmers have been able to sustainproduction and effectively farm their land. Dow Jones Newswires reported that forecasters have raised their estimates of the country’s planted corn and soybean acreage by 0.1 percent and 2.3 percent, respectively.
This rise in the estimated acreage comes despite the significant lack of rainfall that some areas of the U.S. have seen. This highlights the impact of productivity enhancing machinery, like new combines and harvesters from John Deere.
Analysts on average expect the U.S. Department of Agriculture, based on a survey of farmers, to forecast U.S. corn plantings of 95.96 million acres this year, an increase from the 91.92 million acres planted last year and the USDA’s previous forecast of 95.86 million acres, according to the news outlet.
This same type of rise in acreage is expected for soybeans in the U.S., as the Department of Agriculture increased its estimates for the crop from 73.90 million acres to 75.58 million acres. This would be more than 2011, when the total acreage for the commodity was only 74.90 million.
Peripheral areas of the country are now being targeted for farming, according to Bloomberg News, as new weather patterns have promoted the adoption of agriculture in certain places.
“The corn belt and soybean belt are moving north at incredible speeds, moving into the Great Plains, into Nebraska, Montana and the Dakotas,” Detlef Schoen, a commodity analyst, told the news outlet.