Farmers across the South are forgoing traditional cash crops like cotton in order to take advantage of temporary price increases for corn and soybeans.
In the wake of last summer’s devastating drought, many farmers are hoping to take advantage of the increased prices of damaged crops to turn a major profit this year. With the virtual destruction of corn crops all along the Corn Belt, the price of corn has risen dramatically. In an effort to take advantage of this temporary bubble, many farmers are planting record corn crops, hoping to avoid another punishing drought and harvest a major financial windfall that could make up for last year’s losses.
In the South, traditional cash crops may be planted in record lows in order to take advantage of corn crops. In Louisiana, for example, farmers may plant the smallest acreage of cotton in recent memory in order to clear room in fields for corn and soybeans.
Despite these grand plans, however, some climatologists believe that farmers are only setting themselves up for another disaster. With drought conditions looking worse than they did last year, many weather experts believe that drought conditions are likely to linger into the summer, potentially getting significantly worse.
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Written by: Justin Ellison / Farm Plus Staff Writer