Forecast for Next Growing Season Equals Buying & Planting Less

Jamie JohansenZimmPoll

New Holland ZimmPollOur latest ZimmPoll asked the question, “How will low crop prices impact next year?”

Corn and soybean prices have dropped dramatically this year with record crops but the question is how much will that impact plans for next season. Will farmers plant less, buy less, or just hope prices will go back up next year? It looks like most feel farmers will be buying less and therefore equipment sales will be down. But overall we can expect to see fewer of all things.

Here are the poll results:

  • Lower planted acreage – 28%
  • Lower equipment sales – 38%
  • Less use of new traits – 10%
  • No impact – 19%
  • Other – 5%

Our new ZimmPoll is now live and asks the question, When do you think medicinal marijuana will become a major cash crop?

More and more states are legalizing the use of medicinal marijuana and a few are even legalizing it completely. What does this mean for agriculture? Are we looking at the next major cash crop or will this trend fade?