Canada likely to plant more acres
June 21, 2005
"The outstanding white bean returns of 2004 has revved up interest to expand acreages for this coming season. Ontario may jump its final acreage to 90,000 with some reports indicating as high as 100,000 acres may get planted- depending on availability of seed."
"The USDA's March planting intentions showed 23% more dry bean acres in the United States. When the white pea (navy) bean acres are broken out it appears (navy) acres are broken out, it indicates that U.S. producers will plant 285,000 acres in 2005. Indications from Manitoba are that acres there will be flat at about 100,000."
"When all these acreage numbers are tallied up, North America may plant nearly 485,000 acres. Some would argue this is not enough to ensure adequate supplies, but if each and every production zone has near trend-line yields, output could well approach 7 million bags, more than enough to supply the global demand."