With the wheat price at record highs, can farmers plant more wheat or are they already at capacity?

Question

With the wheat price at record highs, can farmers plant more wheat or are they already at capacity?

In: 6

Answer 1

Spring wheat is being planted now in some parts of Texas. As spring continues, the region moves north to the second week in April for the Dakotas.

Farmers can plant more wheat, in the expectation that Russian and Ukrainian wheat exports might be harmed by the war. It’s not at all clear they will, as the people who will be starving are in North Africa and the Middle East, not places known for their ability to spend more for food.