Indications are that the United States will have sufficient supplies of corn seed for the 2012 spring planting season, according to reports from the Iowa Corn Promotion Board, U.S. Department of Agriculture and Monsanto.
An article from Bloomberg quoted Kevin Rempp, the Iowa Corn Promotion Board vice chairman, said, “We have not heard of anything that shows there’s any kind of seed-supply problem, at all. The only way acreage will not be planted will be weather issues.”
Concern was raised last week when the Wall Street Journal reported that farmers were expecting a shortage of seed. With dry conditions continuing in South American grain production, demand may increase and put pressure on U.S. grain producers to increase corn acres.
Bloomberg also reported that Monsanto and DuPont indicate they will have sufficient seed supply for the upcoming season. However, certain high-end varieties may be in more limited supply and farmers may need to lock in those suppliers earlier.
USDA Chief Economist Joseph Glauber, said, “While some varieties may not be available, we have no evidence to suggest that planted acres will be constrained by a ‘shortage’ of seed. Current indications suggest that corn producers will expand planted acres this spring.”
Read the full article here.