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How a producer of a hypothetical 1,000-acre farm representing the U.S. agriculture sector would respond to increases in soybean, corn, or wheat prices

by Brian Williams and Gayle Pounds-Barnett
8/19/2024

Agricultural Baseline

Bar chart showing how a hypothetical 1,000-acre U.S. farm would respond to 10-percent increases in corn, soybean, wheat, and cotton prices, along with a combined data set of sorghum, barley, oats, and rice.

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Farmer decisions on which crop to plant in any given season often depend on the expected price and profitability of the crop they have been planting as well as that of alternative crops, according to a study by USDA, Economic Research Service.

How a producer of a hypothetical 1,000-acre farm representing the U.S. agriculture sector would respond to increases in soybean, corn, or wheat prices

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