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Midwest Harvest Update: Corn and Soybeans in 2024

By Grant Fitzgerald, Regional Vice President - Farm & Ranch Management

As we step into October, the fields and roadways are active with farmers harvesting and transporting their crop. This season, like most, will be a mix of challenges and successes, leading to some interesting trends in harvest progress and crop production.

As of late September, corn harvest is just getting a start and beginning to advance across the Midwest. Reports indicate that we are behind the progress of last year but marginally ahead of the 5-year average on acres harvested at this time. With favorable weather conditions, particularly in states like Illinois and Iowa, many farmers are reporting good progress in the fields.

Yield estimates are looking very strong and promising overall. The USDA’s latest report projects an average corn yield of over 180 bushels per acre, which, if realized, would break last year’s record. Early yield results suggest that well-managed farms are exceeding expectations, particularly in areas that received timely rains this summer. However, variability does exist, and there are pockets of concern, including several mild drought areas in Nebraska and Kansas.

Meanwhile, soybean harvest is also progressing, with almost half of the crop harvested at this time. Like corn, this is slightly behind last year's progress but ahead of the multi-year average. The temperatures and recent rain events in many areas have prompted a quick maturation of the soybeans, making for an efficient harvest process.

The USDA is currently forecasting an average soybean yield of roughly 53 bushels per acre, showing resilience compared to last year. Early reports from farmers indicate very strong yields in well-drained or irrigated fields, with some areas achieving well over 60 bushels per acre. However, similar to corn, fields that experienced drought stress are showing variability and potentially dropping below 40 bushels per acre in a few areas.

As harvest season continues, farmers and our farm management staff remain optimistic about overall yields. With the right weather conditions across the Midwest in the coming weeks, we could see a bountiful harvest that wraps up a little earlier than average, thus creating time to get back in the fields and start completing field preparations for next year’s crop.

Interested in learning more about the professional farm management service we provide? Reach out to us today, and we’ll connect you with one of our local farm managers. Click here to contact us!

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