As farmers gear up for 2023 harvest season, next year’s crop will likely be high on their minds. A Farm Futures August 2023 survey finds that growers are already thinking about strategies to be financially successful in the upcoming year and the results will have important implications for markets. The Farm Futures survey, which garnered 985 farmer responses via email July 15 – August 1, found that farmers expect to plant 93.1 million acres of corn in 2024, down 1% from this year’s acreage. Shrinking revenue prospects amid relatively high costs will likely tighten profit margins for the 2024 crop, giving alternative crops more opportunity for acreage next spring.