U.S. farmers harvested nearly 3.3 million acres of certified organic field crops in 2019, driven by 14% more organic field crop operations, according to Mercaris, a market data service and online trading platform for organic, non-GMO and certified agricultural commodities.
Prices for food- and feed-grade organic grains diverged at the end of 2019. Food-grade commodity prices enjoyed a bump over last year while feed-grade prices continue to lag, according to Mercaris, a market data service and online trading platform for organic, non-GMO and certified agricultural commodities.
About half of U.S. organic corn acres are still in the field across the Midwest and snow could push the end of harvest further into December for some states, according to the November 2019 Monthly Market Update from the data services firm Mercaris.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.