Farmers Set to Abandon US Wheat Crops at Highest Rate Since 1917
- Prolonged drought has plagued fields across US Plains
- Hard red winter wheat futures advance as much as 6.9%
A farmer harvests wheat in Culver, Kansas.
Photographer: Arin Yoon/BloombergThis article is for subscribers only.
America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at the highest rate in more than a century.
Producers are expected to harvest about 67% of their planted acres, the US Department of Agriculture said Friday. If realized, that would be the lowest harvest ratio since 1917, the agency said in a monthly report.