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.
Indiana farmers are harvesting a record amount of soybeans, but those gains are being offset by lower than expected corn yields.
A new report shows pork production levels are higher than expected following a pig virus feared to take a heavy toll.
Agriculture economists are predicting a second straight record year for the state's corn production.
Chris Hurt testified Thursday before the US House of Representatives Energy and Power Subcommittee.
Nearly 80 percent of Indiana's corn has been rated good or excellent.
After Congress failed to pass a new version of the farm bill, Purdue agriculture economists say they expect another farm bill extension.
A computer simulation of the corn belt shows corn yields are likely to decline over the next several decades.
The effect of last summer's drought on livestock around the state could be felt for several more years, says one economist.
The dry weather ravaged feed supplies, sharply drove up corn and soybean prices and forced cattle producers to reduce their herds.
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