USDA Predicts Corn Crop Will Rebound
The U.S. Department of Agriculture expects Indiana corn farmers to rebound from a dismal crop last year by producing nearly 1 billion bushels in 2013.
In its first look at expected harvests this year, USDA's National Agricultural Statistics Service forecasts Indiana farmers will produce about 980 million bushels of corn, compared with fewer than 600 million bushels last year.
The forecast Monday also projects a record national corn crop of 13.8 billion bushels.
Purdue Extension agricultural economist Chris Hurt says the larger crop will mean lower food prices.
USDA expects Indiana soybean growers to produce more than 260 million bushels, up from about 224 million bushels last year.