Corn Yield up, Prices Down

According to the Iowa Farm Bureau officials, farmers are set to match or break the yield of corn crops for 2009. Despite the higher yield, corn prices could decrease as well. Prices could drop from $4.50 per bushel to $3.20.
Dave Miller, Iowa Farm Bureau researcher, said that the Iowa corn harvest could yield 175 to 185 bushels per acre based on USDA estimates. The data shows that Iowa corn harvest records are at 180 bushels per acre and last year farmers were slightly shorter reaching only 165 bushels per acre.
The nation’s average is 153.4 bushels per acre and reached a high at 160 in 2004.
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