current event 11/13/13
Missouri is on pace to have another record corn harvest this year in spite of weather challenges. If realized, it would be the fourth biggest corn crop in the state’s history. While a huge rebound from the 2012 drought year, Missouri Corn Growers Association President Jim Stuever of Dexter, Missouri says the lower prices may be a negative for growers, “Our margins are going to be a little thinner with the lower prices coming on IF we have a profit at all. We could just be at break-even levels or even below.”
Stuever says nothing has slowed the cost of inputs, “Seems like everybody figures out that if you’ve got a little more money – then they figure out a way to get it.”
Still, he says, there’s going to be a lot more corn to go around this year, “We’re poised for about 133 bushel an acre yield this year and we made 75 bushel less than that last year so we ought to be able to have quite a bit more corn to work with this year.”
In its latest report, the USDA projected Missouri will harvest 419 million bushels of corn this season
“Lower Corn Prices May Be a Negative.” Brownfield. N.p., n.d. Web. 13 Nov. 2013.
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