The state's soybean crop is 42 percent harvested as of this week, about the same as average. But the corn crop lags at just 24 percent.
Indiana is set to have unexpectedly big corn and soybean harvests this fall, meaning continued tight profit margins for farmers and more low food prices.
Heavy rain and temperature fluctuations across the state are causing inconsistent growing conditions that could push harvest past Thanksgiving.
Mexico could slap new tariffs on imports of the syrup if the deal isn't finalized, and the effects of that tariff could trickle down to farmers.
The Farm Bill expires today, and if Congress passes the proposed new bill, would eliminate some of the direct payments to farmers.