Will Corn be Able to Buy Bean Acres for 2024
Based on estimated budgets for 2024, corn will likely be less profitable than soybeans based on current prices. Can the market provide an incentive to switch bean acres to corn.
The University of Illinois have provided 2024 budgets for corn and soybeans. The budgets were done late in August of this year, but likely little or no changes on cost projections have occurred since then.