Too Much of a Good Thing: Record Corn Crop Pressuring Iowa Farmers

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A record corn crop in the farm belt is putting farmers there under significant financial pressure. This record corn production is depressing prices at a time when farm debt is also at record levels. According to this weekend’s Reuters article “Iowa corn farmers who rent land – a common practice – need $4.58 a bushel this year to break even…In August, the average cash price: $3.89”. Add to this the controversy over the Trump Administration's proposal to import beef from Argentina, and the result is growing concern over the economic health of the ag sector in the farm states.

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