Corn, soybeans likely to remain profitable in 2023
Corn, soybeans and beef are likely to remain profitable in 2023, while pork producers are facing a tough pricing market, said Iowa State University (ISU) ag economist Chad Hart last week.
Strength in the ag markets comes despite big input cost increases and some pull back in 2022 in buying by China.
“As we look out at the situation right now, yeah, costs are high, but so are prices,” Hart said Nov. 30 at the Farming for the Future conference, hosted by the Coalition to Support Iowa’s Farmers (CSIF).
Planted acres increasing
Hart expects planted acres of both beans and corn to increase next spring. On corn acres, he expects to see about 92 million...
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