Recovering demand after Covid shutdowns has confection processors looking to add 2022 acres.
The National Sunflower Association reports confection sunflowers have been one of the highest returns per acre options available for several years and have been setting new market highs following the current rally in grain prices. Processors are currently offering 2022 Act of God (AOG) production contracts starting at a minimum of $40.00 and upwards per cwt. The crop insurance price guarantee for this year is $40.50, the highest price since 2011. With current dry conditions across the main growing region, confections offer a good alternative for growers to consider based on lower moisture needs and input costs.
Comments