Report: Farmers to Increase Planting of Corn, Wheat, Cotton

U.S. farmers expect to plant 7.9 million more acres this year than in 2010, according to the USDA Prospective Planting report released today. The overall increase is higher than last year, yet 1.21 million acres below 2008 totals. Corn planting leads the way with an additional 3.99 million acres than 2010 figures, followed by 3.89 million more wheat acres and 1.59 million more cotton acres. South Dakota boasts the largest increase in corn-planted acres, with an additional 850,000 acres. Meanwhile, Texas will see a 150,000 decrease in planted corn acres due to an increase in cotton acres. View the report.