Farmers plant record soybean crop, less corn, USDA says

(File) (Scott Olson, Getty Images)
(File) (Scott Olson, Getty Images)
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Updated: 6/30 2:41 pm

DES MOINES, Iowa (AP) — American farmers have planted less corn in 2014 than in any year since 2010 -- but they have also planted more soybeans than ever, the U.S. Department of Agriculture said Monday.

The USDA said in its annual Acreage Report, released Monday, that farmers planted 91.6 million acres of corn. That's four percent less than last year but still the fifth-largest corn crop planted since 1944. Analysts expected some farmers to devote more acreage to soybeans because of a drop in corn prices.

The USDA also said farmers planted a record high 84.8 million acres of soybeans, up 11 percent from last year. Record soybean acres have been planted in Michigan, Minnesota, Nebraska, New York, North Dakota, Ohio, Pennsylvania, South Dakota and Wisconsin.

More than 75 percent of the corn crop is in good to excellent condition, compared with 63 percent last year.

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