The document summarizes the USDA's 2010 Prospective Plantings Report. It estimates that corn acreage will increase 3% to 88.8 million acres, soybean acreage will increase 1% to 78.1 million acres, and cotton acreage will increase 15% to 10.5 million acres in 2010. Wheat acreage is estimated to decrease 9% to 53.8 million acres overall, with winter wheat decreasing 13% to 37.7 million acres.

1. The 2010 Prospective Plantings Report Tim Petry & Frayne Olson NDSU Extension Conference March 31, 2010

2. Estimates are based upon a survey of approximately 86,000 farmers, and was conducted during the first two weeks of March

3. Summary of Major U.S. Crops

4. Planted Acreage for Major Crops (Million Acres) Crop 2007 2008 2009 Estimate 2010 % Change from 2009 Corn 93.53 85.98 86.42 88.80 +3 Soybean 64.74 75.72 77.45 78.10 +1 All Wheat 60.46 63.15 59.13 53.83 -9 Winter 45.01 46.28 43.31 37.70 -13 Spring 13.29 14.14 13.27 13.91 +5 Durum 2.16 2.73 2.55 2.22 -13 Cotton 10.83 9.47 9.15 10.50 +15 Sorghum 7.71 8.28 6.63 6.36 -4 Barley 4.02 4.23 3.57 3.27 -8

5. Planted Acreage for Major Crops (Million Acres) Crop 2009 Trade - Low Trade - High Average Trade USDA Estimate Corn 86.42 87.00 90.15 88.94 88.80 Soybean 77.45 77.43 79.50 78.55 78.10 All Wheat 59.13 51.90 54.90 53.32 53.83 Winter 43.31 37.10 37.90 37.32 37.70 Spring 13.27 12.80 14.00 13.56 13.91 Durum 2.55 2.30 2.60 2.47 2.22 Cotton 9.15 10.50 Sorghum 6.63 6.36 Barley 3.57 3.27

8. Summary of U.S. Prospective Plantings of Other Crops

9. U.S. Planted Acreage for Other Crops (Million Acres) Crop 2007 2008 2009 Estimate 2010 % Change from 2009 Oats 3.763 3.217 3.404 3.364 -1 Sunflower 2.070 2.516 2.030 2.181 +7 Oil 1.766 2.163 1.698 1.714 +1 Non-Oil 0.304 0.354 0.332 0.467 +41 Dry Beans 1.527 1.495 1.538 1.767 +15 Sugarbeets 1.269 1.091 1.183 1.174 -1 Dry Peas 0.847 0.882 0.863 0.837 -3 Canola 1.176 1.011 0.827 1.228 +49

10. U.S. Planted Acreage for Other Crops (Million Acres) Crop 2007 2008 2009 Estimate 2010 % Change from 2009 Potatoes 1.058 1.070 N.A. N.A. Winter 0.010 0.011 0.009 N.A. N.A. Spring 0.073 0.070 0.079 N.A. N.A. Summer 0.050 0.047 0.044 N.A. N.A. Fall 1.008 0.931 0.937 N.A. N.A. Lentils 0.303 0.271 0.415 0.510 +23 Flax 0.354 0.354 0.317 0.420 +32 Chickpeas 0.125 0.082 0.096 0.130 +36

11. Summary of Major North Dakota Crops

12. Planted Acreage: North Dakota Crops (Million Acres) Crop 2007 2008 2009 Estimate 2010 % Change from 2009 All Wheat 8.595 9.230 8.680 8.540 -2 Winter 0.465 0.630 0.580 0.340 -41 Spring 6.650 6.800 6.450 6.700 +4 Durum 1.480 1.800 1.650 1.500 -9 Soybean 3.100 3.800 3.900 4.000 +3 Corn 2.560 2.550 1.950 2.100 +8 Barley (all) 1.470 1.650 1.210 0.980 -19

13. Planted Acreage: North Dakota Crops (Million Acres) Crop 2007 2008 2009 Estimate 2010 % Change from 2009 Sunflower 1.075 1.115 0.885 0.975 +10 Oil 0.910 0.960 0.770 0.800 +4 Non-Oil 0.165 0.155 0.115 0.175 +52 Canola 1.080 0.910 0.730 1.060 +45 Dry Beans 0.690 0.660 0.610 0.680 +11 Pinto 0.520 0.446 0.439 N.A. N.A. Navy 0.096 0.123 0.086 N.A. N.A. Dry Peas 0.515 0.520 0.490 0.490 0

14. Planted Acreage: North Dakota Crops (Million Acres) Crop 2007 2008 2009 Estimate 2010 % Change from 2009 Oats 0.460 0.320 0.350 0.320 -9 Flax 0.320 0.335 0.295 0.395 +34 Sugarbeets 0.252 0.208 0.225 0.227 +1 Lentils 0.110 0.095 0.165 0.200 +21 Potatoes (fall) 0.097 0.082 0.083 N.A. N.A.

15. How many acres will be switched during spring planting?

16. Historical Reliability of Report (20 Year Average – Forecast vs. Final) Crop Thousand Acre Difference Number of Years Average Difference Smallest Difference Largest Difference Below Final Above Final Corn 1,147 32 3,844 8 12 Soybean 1,199 25 2,582 13 7 Winter Wht 516 6 1,415 8 12 Spring Wht 695 12 2,543 10 10 Durum 162 12 552 15 5 Barley 268 31 667 5 15 Oats 269 4 865 2 18 Sorghum 693 31 2,471 11 9

17. Questions or Comments?