Too much corn could mean less money for farmers

The harvest is almost complete and officials are saying this year is an extremely successful year for the corn crop.

Posted: Nov. 16, 2017 9:21 PM
Updated: Nov. 16, 2017 10:34 PM

TERRE HAUTE, Ind. (WTHI) - The harvest is almost complete and officials are saying this year is an extremely successful year for the corn crop.

Now officials are asking the question "what do we do with all of this corn?" They say despite many obstacles this season, like rainy conditions at the beginning of planting season, a large amount of corn was produced and this is causing prices of corn to sharply decrease.

Area farmers are largely finishing harvest for this year and agcriculture officials say they will be faced with lower values on corn. They say last year was one of the most succesful harvests on record and industries that use corn, like ethanol and livestock, aren't 'finished' with the corn that has been stockpiled.

"Farmers may feel it. Some may have something sitting on the back or some may choose to diversify their crops either way they are going to have to find some way to kind of balance the books economically" Dana Gadeken with Vigo County Purdue extension office says.

Gadeken says to get around lower market values farmers have begun diversifiying what they grow. She says farmers are trying other crops alongside corn and soybeans to make sure they can adapt to the market's needs.




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