Russia’s ban of wheat exports is giving U.S. farmers the opportunity to produce more of the crop to meet demands around the world, a Purdue University agricultural economist says.
Chris Hurt predicts there will be an increase of 50-75 percent in the amount of wheat planted in the Eastern Corn Belt this fall over 2009, a record low year. Indiana farmers last fall planted 300,000 acres of wheat, which annually is the state’s third-largest crop, behind corn (6 million acres this year) and soybeans (5.3 million acres).
Because of the expected increased interest in wheat, Hurt recommended that farmers contact seed suppliers now to secure the varieties they hope to plant. “Seed availability may be the limiting factor on how many acres of wheat get seeded this fall,” he said.
Drought and wildfires greatly reduced wheat supplies in Russia — the fourth-largest wheat exporter in the world — and in neighboring Ukraine and Kazakhstan.… Continue reading