Crop Insurance Today June 2018 - 12

Figure 9 World Grain & Oilseeds Production, Use & Stocks

Source: USDA, FAS, Markets and Trade Data, April 11, 2018
https://apps.fas.usda.gov/psdonline/app/index.html#/app/advQuery

abandoned acres in parts of Arkansas, contributed to the decline in production in 2017.
In contrast, U.S. cotton producers in Texas,
Oklahoma, and Kansas experienced excellent
growing conditions outside of the hurricane
affected areas of the southern Gulf Coast. Weather
problems related to hurricanes Harvey and Irma
in the Southeastern producing regions were mitigated somewhat by late-season drier conditions.

Cotton production in the Delta benefited from
favorable growing conditions in the early summer. Overall upland cotton production increased
by about 24 percent resulting from increased
yields recorded on a 25 percent larger planted
acreage base.
Dry edible bean production also increased
substantially from the previous year. A substantial increase in area, up by almost 26 percent

Figure 10 U.S. Prices and Carryover Stocks
as a Share of Total Use 1990-2017
Corn

Sources: https://www.usda.gov/oce/commodity/wasde; http://www.fas.usda.gov/psdonline/psdQuery.aspx
USDA, National Agricultural Statistics Service, Agricultural Prices, 3/5/2018 midpoint of annual price estimate.

JUNE2018

Soybean

from 2016, particularly in Montana and North
Dakota, offset a 3 percent decline in yield per
acre. Production of dry edible peas on the other hand declined 49 percent, to 14.2 million
hundred weights in 2016. The dramatic decline
was linked to a decline in planted and harvested
acres accompanied by the lowest average yield
since 1996 attributable to drought conditions in
many areas.
Hay crop production came in below 2016
levels. All dry hay production of 131 million
tons was 3 percent lower than the previous year.
A slight increase in acreage, up 1 percent, was
offset by a modest reduction in average yield,
3.3 percent at 2.44 tons per acre. Production of
alfalfa and alfalfa mixtures was also down from
last year. A 2 percent reduction in harvested
acreage, combined with a 3.9 percent decline in
average yield to 3.32 tons per acre, resulted in a
5 percent decline in overall production of 55.1
million tons.
Weather-related shortfalls in production of
certain crops contributed to a decline in U.S.
overall production of vegetables and melons in
2017. The production of the 26 products reported
by USDA/NASS declined 6 percent from the previous year, to 738 million hundred weights. The
area devoted to production in 2017, 2.48 million
acres, was 4 percent below 2016. However, revenue was up, with the value of utilized production
up 6 percent to $13.8 billion, led by the value of
tomatoes, head lettuce and romaine lettuce. The
leading vegetable crops, tomatoes, sweet corn,
and onions combine for 54 percent of the total
reported U.S. vegetable production. California,
Florida and Minnesota were the three leading
states in terms of production and value, accounting for 76 percent of the total.
The utilized production of citrus in the U.S.
declined by 11 percent in the 2016-17 season
from the previous year totaling 7.77 million tons.
Citrus production has declined by 56 percent
from the record level of 17.8 million tons in the
1997-98 season. The continued decline in bearing acreage contributed to the decline, led by
reductions in Florida and to a lesser degree in
California and Arizona. The value of production
increased very modestly from the previous season to $3.44 billion (packing house door equivalent). Higher prices for lemons, tangerines, and
mandarins contributed to the increase in overall
value of production.
[Information sources for this section include:
NOAA National Climatic Data Center; USDA
NASS, Quick Stats available at http://www.nass.

https://apps.fas.usda.gov/psdonline/app/index.html#/app/advQuery https://www.usda.gov/oce/commodity/wasde http://www.fas.usda.gov/psdonline/psdQuery.aspx http://www.nass

Table of Contents for the Digital Edition of Crop Insurance Today June 2018