date:May 14, 2013
d to planted acres, Murphy said. The concern was that in some years when prices are depressed, farmers might decide what to plant partly to get adverse market payments.
Soybeans have really benefitted from freedom to farm, said Murphy, referring to the 1996 Farm Bill that decoupled payments.
The national crop base for soybeans is about 50 million acres, Murphy said, but this year the planted acreage is 77 million. It may be more with the weather, he added.
Rice is trending the other way. In