U.S. Farmers Expect Poorest Corn Crop In A Decade

ST. LOUIS – A deepening drought in the nation’s farm states has cut further into this fall’s harvest, with farmers now expected to pull from their fields the lowest corn yield in more than a decade.

But American farmers are still expected to produce their eighth-largest harvest ever, and while there’s sure to be a rise in prices at the grocery stores, there’s little risk of a failed harvest that would lead to shortages on the shelves.

The U.S. Agriculture Department predicted the nation’s biggest harvest ever in the spring, when farmers planted 96.4 million acres of corn – the most since 1937. But it cut its estimate a month ago and again Friday, saying it now expects the nation to produce 10.8 billion bushels, the least since 2006.

Read more: http://business-news.thestreet.com/the-mercury/story/us-farmers-expect-poorest-corn-crop-decade-0/1

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s