NASS adjusts Georgia soybean production forecast

(November 23, 2020)

Georgia’s soybean crop could end up better than predicted earlier this year, according to the National Agricultural Statistics Service November Crop Production report released on Nov. 10.

Georgia’s soybean yield prediction was increased from 39 bushels per acre in October to a record-high 43 bushels per acre. If realized, Georgia soybean production in 2020 is forecast at 4 million bushels, up 328,000 bushels (10%) from NASS’ October forecast and up 60% from 2019. The state’s estimated soybean yield was increased from 39 bushels per acre in October to 43 bushels per acre in November.

NASS’ predictions for corn, cotton and peanut production were unchanged from October to November.

With yield forecast at a record high 182 bushels per acre, corn for grain production is forecast at 69.2 million bushels in 2020, unchanged from last month but up 24% from 2019.

Georgia cotton production is forecast at 2.4 million bales, unchanged from last month and down 12% from 2019.

Peanut production is forecast at 3.60 billion pounds, unchanged from last month but up 31% from 2019, primarily due to an increase in planted acreage in 2020.

Source: Georgia Farm Bureau