Posted: May 2, 2012 4:45 AM by AP
BATON ROUGE, La. (AP) - An LSU AgCenter soybean specialist says high prices for fertilizer and low prices for other crops could boost this year's acreage 20 percent from last year.
Ron Levy estimates that about 1.2 million acres could be planted this year.
The AgCenter says farmers planted nearly 996,700 acres in soybeans last year.
Levy said the high cost for fertilizer has moved some corn acreage into soybeans, and cotton acreage is moving to soybeans because cotton prices are low.
He says that soybean prices are good, exceeding $14 a bushel for the entire month of April on the Chicago Board of Trade.