Iowa Public Television

 

Planting progresses at break neck speed

posted on May 5, 2000


AN INTEREST RATE HIKE IS HARDLY GOOD NEWS FOR ANY BUSINESS, BUT IT COULD BE ESPECIALLY HARD ON THE NATION'S MOST CAPITAL INTENSIVE INDUSTRY - AGRICULTURE. EVEN SO, IT DOES APPEAR FARMERS THIS YEAR ARE BENT ON PRODUCING ANOTHER BUMPER CROP. INDEED, THEY SEEM ALMOST DETERMINED TO ACCELERATE THE WHOLE PROCESS.

GOADED BY DRY WEATHER, SPRING PLANTING HAS TURNED INTO A TRACK MEET. FARMERS ARE SWEEPING ACROSS CORN, SOYBEAN AND COTTON FIELDS AT A RECORD PACE.

ACCORDING TO USDA's LATEST ESTIMATES, NEARLY HALF OF THE CORN CROP IS NOW IN THE GROUND. THAT'S TWO-AND-A-HALF TIMES THE PREVIOUS ESTIMATE AND MORE THAN DOUBLE THE FIVE-YEAR AVERAGE.

USDA ALSO HAS RELEASED ITS FIRST ESTIMATE OF SOYBEAN PLANTING PROGRESS. EIGHT PERCENT OF THE CROP IS IN THE FIELD, WELL ABOVE THE AVERAGE PLANTING PACE.

THE PLANTING OF THE NATION'S COTTON CROP IS NOW NEARLY A QUARTER COMPLETE, JUST SLIGHTLY AHEAD OF THE NORMAL PACE. AND 57 PERCENT OF THE SPRING WHEAT CROP IS PLANTED. THAT'S ABOUT DOUBLE THE AVERAGE FOR THIS TIME OF YEAR.

Tags: agriculture crops news