South Dakota farmers optimistic about commodity prices

Associated Press
Posted 5/9/22

LAKE PRESTON (AP) – Farmers in South Dakota say there’s a reason for optimism as they head out to their fields to plant crops this spring.

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South Dakota farmers optimistic about commodity prices

Posted

LAKE PRESTON (AP) – Farmers in South Dakota say there’s a reason for optimism as they head out to their fields to plant crops this spring.

Commodity markets are up 62% over the 10-year average.

Wayne Soren raises crops and cattle near Lake Preston.

“This is probably one of the most exciting seasons to begin in, in quite some time because the prices of crops are so high,” Soren told South Dakota Public Broadcasting.

Although he’s optimistic as he drives his planter into his corn field, the third-generation farmer also has concerns, mainly about dry conditions.

“That’s one of the dark clouds that sits above. Are we going to get enough rain to grow a crop this year? “ Soren said.

Soren is not alone in his concern. According to U.S. Drought Monitor data, 71% of South Dakota was in drought conditions at the end of April.

But recent rain provided some relief.

“We got a large rain. Probably the biggest rain we’ve had in two years. Dams are completely full over the last three days. Yeah, we’re pretty much at max for soil moisture at the moment. I would say we got almost 4 inches … I was cautiously optimistic last time and I am wholly optimistic at the moment,” said Kimball farmer Adam Schindler.

Following the late-April rainstorms, the May 5 U.S. Drought Monitor data showed 69% of the state remains in drought conditions.