Prevent plant in 2024?

By Jon Scheve, Superior Feed Ingredients, LLC

May 31 was the final planting date for all of Iowa, most of Minnesota and Wisconsin, and southeast North Dakota. So, now everyone wants to know how many acres will go into prevent plant. Some market participants claim prevent plant acres will be higher than normal, but I’m not so sure.

One, it is usually more profitable for farmers to push past the last planting date, if they can get crops planted within the next 10 days, because they only lose 1% coverage each of those days. However, if they take prevent plant, they only get around 55% coverage.

Two, farmers can only reduce some of their input costs when taking prevent plant. Obviously seed costs and the expense to plant and harvest fields are saved. However, many farmers still need to spray their fields two or three times, which means at least some chemical costs are unavoidable. Plus,… Continue reading