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Corn Harvest Expected To Drop 20 Percent From Last Year

By Brandon Smith

Posted August 12, 2015

Indiana's farmers are expected to produce significantly less corn this year while soybeans didn't take as bad a hit after flooding that devastated parts of the state.

The federal government's first corn and soybean crop report of the year indicates Indiana corn crops are expected to decline by about 20 percent from last year, while soybeans are only down nine percent.

Still, Purdue corn specialist Bob Nielsen says the expected output is a mixed bag across the state.

"There are some fields around the state that are the best corn they've ever had; it is that good," Nielson says. "But there are many other areas of the state where the fields are total disaster – literally, total disaster, nothing – and then everything in between."

There is some good news for consumers. The decline likely won't change prices at the supermarket.

"Now the reason for that is that while we had an impact to lower yields here, in other parts of the corn belt – particularly the western corn belt: Iowa, Minnesota, the Dakotas, Nebraska – they have excellent crops and even record yields," says Purdue University agricultural economist Chris Hurt.

Hurt says beef prices have spiked to record highs but expects that to come down over the next few months.

This year brought about the second-wettest June and July in the state's recorded history.

State officials announced Wednesday farmers could get assistance to make up for their losses in the form of low-interest loans through a federal disaster declaration.

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