A Rabobank report shows wheat acres in the United States have been declining for 35 years and this growing season are at their lowest level in 100 years. The report indicates that could spill over to the supply chain and mean more imports and higher prices for milling wheat. National Association of Wheat Growers President Dave Schemm says that trend is disturbing for farmers and the wheat milling and baking industries.
He says it’ll take a multi-pronged approach to find a solution to the declining wheat acreage.
Schemm says wheat producers are facing many challenges and the association is working on ways to keep them on the land and surviving economically.
Schemm says because both the Mexican and Canadian markets are very important for U.S. wheat growers, so they are also monitoring the renegotiation of the North American Free Trade Agreement with talks starting next month.
