Soybean prices soaring 03/23/04 -
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Published on: 3/23/2004
Last Visited: 3/23/2004
Scranton farmer John Heise loaded about 600 bushels of soybeans into a truck to deliver to a processor in Emporia this week.He and his father still have another 1,200 bushels in storage.
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"It's the highest it's been since I've been farming," said Heise, 43, who is president of the Kansas Soybean Association.He farms with his father on land near Scranton, 15 miles south of Topeka on Wanamaker Road.
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Heise, a third-generation farmer, is one of many Kansas growers who is benefitting from the huge demand for soybeans.Bushels have been fetching more than $10.Last year, Kansas farmers harvested 57 million bushels of soybeans, down 2.3 percent from 58.4 million in 2002 and down 34 percent from 87.3 million in 2001.Prices were strong last fall, averaging $7.60 per bushel, but the yield averaged only 23 bushels per acre in Kansas.Because the price was high, Kansas farmers made $433 million in 2003, about $70 million more than in 2001, when the yield averaged 32 bushels per acre, according to the National Agricultural Statistics Service.
"We had enough crop to take advantage of the price increase," Heise said.
But there have been years, he said, when the drought was so bad he couldn't harvest the beans.
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Heise said he expects to plant beans on 400 to 450 acres this year, about the same as last year.
During the weekend, he loaded more than 600 bushels of beans into a truck to be delivered to Bunge North America soybean processor in Emporia.Heise had contracted last year to deliver the beans this week.
Because of the increasing price, it is possible soybean farmers will plant more this year, but Kansas estimates for crop plantings weren't available yet.
John Nowak/The Capital-JournalHeise holds a handful of soybeans harvested last fall.Heise said the 1,200 bushels of soybeans that he and his father have left is just a small percentage of their overall crop.
"It's a little amount," Heise said.