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Commodity Prices Are Up: Why That Might Not Be Good For Farmers

By Brock Turner

Posted May 29, 2019

Farmers are late getting their crops planted this year, and that will likely impact their yields this fall. (Steve Burns, WTIU/WFIU News)

Mother Nature is driving up the price farmers will likely get for corn and soybeans – but that’s not necessarily a good thing. 

Recent wet weather continues to prevent farmers from planting their fields, which could limit how many acres they harvest in the fall. 

Jim Mintert is the Director at Purdue’s Center for Commercial Agriculture. 

"It’s a very fluid situation," he says. "I can’t emphasize enough that every farmer in Indiana is looking at the weather forecast and trying to ascertain what’s likely to happen and what’s the impact going to be on the land that I farm."

While the lower supply of crops could push prices higher per bushel, Mintert says many farmers likely won’t get the returns they’re used to.

He says the next ten days will be important for Hoosier farmers as many are still waiting to get their crops in the ground.

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