Bumper corn crop could be trouble for Missouri growers

Courtesy of Creative Commons
Courtesy of Creative Commons

What’s expected to be another strong corn harvest may spell bad news for Missouri farmers, especially those who rent their land. Supply outpacing demand figures to drive corn prices down, potentially to the point where growers lose money.

For several years, rising demand and poor weather produced record prices, which topped $8 a bushel in 2012. But prices fell below $5 a bushel last year, and the U.S. Department of Agriculture says the price could drop as low as $3.65 this year.

Many farmers can’t sell corn at that price and make a profit. Typically, a grower who rents land needs to make about $4 a bushel to pay for seeds, fertilizer, herbicides, fuel, equipment depreciation and rent.

Read more from the St. Louis Post-Dispatch

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