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Too many U.S. acres in 2024 could weigh on pinto bean prices

Summary by Ground News
In 2023, U.S. pinto bean production declined, the result of lower acreage and reduced production. Prices of pinto beans are sensitive to over- or under-production, and prices fluctuate greatly. North Dakota production accounted for 80% of total U.s. production of 8.61 million hundredweight.
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1 Articles

AgweekAgweek

Too many U.S. acres in 2024 could weigh on pinto bean prices

FARGO, N.D. Farmers will need to carefully weigh the amount of pinto beans they plant in spring 2024 so they don’t tip the scale too far to the supply side, an agricultural economist told farmers at Northarvest Bean Growers Association Bean Day. “The challenge is to increase acreage without overdoing it,” Frayne Olson, North Dakota State University Extension agricultural economist, said during a presentation at Northarvest Bean Day held on Ja…

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Agweek broke the news in on Monday, January 22, 2024.
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