Corn acres to drop in 2008, as soybean and wheat rise

Kristin Holtz — Tue, 01 Apr 2008 09:13:54 -0500

WASHINGTON, D.C.- On the heels of last year’s record-high corn production, U.S. farmers intend to plant 8 percent fewer corn acres in 2008, according to the Prospective Plantings report released Monday by the U.S. Department of Agriculture’s National Agricultural Statistics Service. Producers plan to plant 86 million acres of corn this year. While 7.6 million acres less than 2007, this would still be the second-largest area since 1949.

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Corn acres to drop in 2008, as soybean and wheat rise