Corn seems to be on the minds of a lot of farmers. A just released survey from the U.S. Department of Agriculture found growers across the country expect to plant six percent more corn this year.
If the survey holds true, there will be more than 93.5 million acres of corn planted. That would be the third highest amount since 1944.
Indiana farmers who took the survey, indicated they would plant close to 6 million acres of corn. That would be a 3 percent increase from last year.
An agriculture economist from Purdue has a warning about a possible bumper crop. Chris Hurt says too much corn acreage would cause further building of already large corn inventories. Hurt predicts an average yield would send corn prices to lower than $3.00 a bushel at harvest.
Click here to connect to the USDA’s National Agricultural Statistics Service.