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Mar 28, 2024
FBN released its annual 2024 Planting Intentions Report exclusively to participating FBN members yesterday and is now making it publicly available to all members and growers across the United States.
Click here to access the free report.
To develop this survey-based report, the FBN Data Science team asked FBN members across the United States about their planting plans in 2023 and 2024.
The primary goal of this survey was to maintain FBN's promise to put Farmers First® by using data analysis to turn poll responses into helpful advice, empowering members and farmers across the industry to make smart decisions that can lead to increased profit potential.
The report outlines the predicted acreage mix for six key crops across the U.S. for the 2024 growing season, including:
Corn
Soybeans
Spring wheat
Winter wheat
Sorghum
Cotton
As an example, the FBN Data Science team forecasted 87 million acres of soybeans in 2024 vs. 83.6 million acres in 2023 based on survey data. Of all growers surveyed nationwide, 73% reported no change or an increase to their planned soybeans acres.
Click here to access the full report and view planting intentions across all six crops.
An electronic survey was sent to all U.S. FBN members for participation between February 26 and March 24, 2024. The survey collected respondents':
Intended acres for 2024 for key U.S. crops
2023 planted acres
Postal code
Any responses that were incomplete or inconsistent were removed from the analysis. The confidence level provided per crop in the report is based on the number and geographic distribution of responses for each crop.
It’s important to note that all personally identifying and farm-related information is excluded from these survey results. Only FBN has access to the final data, keeping it private and carefully protected.
Click here to access the report.
Unlock a diverse range of free educational guides and reports, including a guide to the differences between branded vs. generic ag chem, a webinar examining the 2024 outlook of the ag chem market, and a report delving into the potential impacts of El Niño and La Niña on the upcoming growing season, by clicking here.
Additional free guides and downloadable financial templates related to farmland purchases, ag equipment maintenance, and business-focused or personal financial tracking can be found here.
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Mar 28, 2024