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NEW YORK CROP

AND LIVESTOCK REPORT

Released:  November 2005

Monthly

No. 973-11-05

NEW YORK GRAIN CORN DOWN, SOYBEAN PRODUCTION UP

New York grain corn production is forecast at 53.8 million bushels, down 12 percent from last year's output, according to the New York Agricultural Statistics Service. Production is down due to decreases in both the number of acres harvested and the yield per acre. Acreage for harvest is expected to total 460 thousand acres, down 8 percent from a year earlier. Yields are expected to average 117 bushels per acre, 5 bushels less than in 2004. U.S. corn production is forecast at 11.0 billion bushels, up 2 percent from last month but 7 percent below 2004.  Based on conditions as of November 1, yields are expected to average 148.4 bushels per acre, up 2.3 bushels from October but 12.0 bushels below last year. If realized, both production and yield would be the second largest on record, behind last year.  Of the major producing States, forecast yields are higher than last month in Iowa, Indiana, Minnesota, Ohio, and Wisconsin as producers realized larger than expected yields and late planted fields matured under favorable fall conditions.

Soybean production in New York is forecast at 7.29 million bushels, up 9 percent from last year. Acreage harvested for beans is expected to total 187 thousand acres, up 8 percent from a year earlier. Yields are expected to average 39 bushels per acre, the same as 2004. U.S. soybean production is forecast at 3.04 billion bushels, up 3 percent from October but 3 percent below 2004.  If realized, this would be the second largest U.S. soybean crop on record, only behind last year's crop.  Based on November 1 conditions, yields are expected to average a record high 42.7 bushels per acre, up 1.1 bushels from October and 0.5 bushel above last year.  Producers in the Corn Belt, the southern Delta, and most of the Southeast are realizing higher yields than expected last month, with record high yields forecast in Iowa, Minnesota, Nebraska, North Dakota, and Louisiana.  Area for harvest in the U.S. is forecast at 71.3 million acres, unchanged from last month but down 4 percent from 2004.

Acreage, Yield and Production of Crops, New York and United States

NEW YORK POTATO PRODUCTION UP, U.S. DOWN

Production of fall potatoes in New York in 2005 is estimated at 5.23 million hundredweight (cwt.), up 1 percent from a year ago. Yi elds are expected to average 260 cwt. per acre compared with 270 cwt. per acre last year.  Acreage  for harvest is estimated at20.1 thousand acres, up 5 percent from last year. U.S. production of  fall  potatoes  is forecast at 382 million cwt, down 7 percent
from last year.  Area harvested, at 951,800 acres, is virtually unchanged from the July forecast but 7 percent below last year.   The average yield is forecast at a record high 402 cwt per acre, 1 cwt  above the previous high set last year.

Farm Real Estate Average Value per Acre,

Selected States and United States, January 1, 2001-2005

Cash Rent Per Acre:  Selected States, 2003-2005

1/  Insufficient data to publish.

OCTOBER PRICES DECREASED

Prices received by New York producers during October for selected commodities decreased from a month earlier. The price of corn, oats, wheat, potatoes, and eggs decreased.  The price of hay, apples, and milk increased.   Many previous month prices were revised due to more complete sales information. 

Grain corn, at $2.21 per bushel, decreased 16 cents from September and 33 cents from last year.  Oats, at $1.45 per bushel, decreased 7 cents from September and 27 cents from a year ago.  Wheat averaged $3.30 per bushel, 8 cents less than September but 78 cents more than October 2004.  Potatoes averaged $12.40 per hundredweight, 20 cents less than September but $3.50 more than October a year ago. Hay averaged $117.00 per ton, $5.00 more than September but $8.00 less than October 2004. 

Dairy farmers in the Empire State received an average of $15.90 per hundredweight of milk sold during October, up 30 cents from September but down 50 cents from October a year ago.  Poultry producers received an average of 30 cents per dozen eggs sold, down 23 cents from September and 5 cents from October 2004. 

The preliminary All Farm Products Index of Prices Received by Farmers in October, at 110, based on 1990-92=100, decreased 7 points (6.0 percent) from September. The Crop Index is down 11 points (9.8 percent) while the Livestock Index is unchanged. Producers received lower commodity prices for broilers, corn, eggs, and soybeans. Higher prices were received for cattle, sweet corn, wheat, and turkeys. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities a producer sells. Decreased average marketings of dairy, sweet corn, grapes, and wheat offset increased marketings of soybeans, corn, cotton, and cottonseed.

Prices Received by Farmers 1/

 Commercial Livestock Slaughter, October 1/