Farmers May See Big Yield But Prices Won’t Follow [AUDIO]
ST. CLOUD — A recent report from the U.S Department of Agriculture shows farmers will have a record harvest this fall, but may not profit.
The late planting season may come at great cost to farmers, as the price for corn won’t bring enough profit.
University of Minnesota Extension educator Dan Martens says he isn’t sure Central Minnesota will see the great yields government predicts.
It costs the state’s average farmer about $5 to produce a bushel of corn. While market prices are only selling at about $3 per bushel.
The report also shows an increase in soybean harvest, however that may not be enough to offset the loss.
Martens says farmers may be able to get some help with crop insurance or from the upcoming farm bill.
Martens says farmers may have to bite the bullet on this years crop and hope next years brings a better return.