Rich Nelson of Allendale talks about the Acreage SurveyThu, 05 Mar 2020 10:37:34 CST
Allendale's goal is to provide its customers with the expertise and service they need to grow their agricultural businesses. Right now, Allendale is conducting an Acreage survey that began on March 2nd and runs through March 20th.
Rich Nelson is the Chief Strategist at Allendale and Associate farm director KC Sheperd spoke with Nelson about the survey. He said they spend two weeks surveying producers about their corn, soybeans and wheat acreage across the nation which will give producers a two-week advance notice in front of the USDA survey which comes out on the 31st of this month.
Nelson said the goal of the survey is to capture two very different points. One being the acerage numbers as a whole, number two is old vs. new crop, "We hope to get pertinent information for not just new crop information, but the status of old crops."
The survey is conducted in a couple of ways. Nelson said they reach out to producers on the phone, but they can also go online and take the survey at Allendale-inc.com.
Nelson said this survey is beneficial to producers because you get the results of the survey emailed to you by Wednesday, March 18th, in advance of the USDA survey.
As a chief strategist, Nelson says the Cornavirus has had an impact on the markets, "Its been a big issue this past month. The market has taken a good hit in recent weeks." However, he says that hopefully, with recent preparations being made that could cushion some of the down turn, and that we are now over the potential price impacts for U.S. Agriculture.
Nelson says he believes the new trade agreements will also undoubtedly have an impact on the markets, "The phase one deal is being confirmed. We already have confirmed sorghum exports which will continue these next few weeks, the question we are all waiting for is the big Kahuna, is for soybean buys. At this point, Sonny Perdue suggests spring or summer, so perhaps in 4 to 6 weeks from now, the big numbers might show up."
Producers who would like to take the survey, can click here.
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