Crop prices remain uncomfortably low, leaving some economists to warn this could be the worst year for corn growers in nearly two decades.
Economists with Purdue University say the Fed’s latest beige book confirms what they have been thinking. They say this is one of the worst years for corn and sorghum growers when it comes to prices, but it is a problem that has been in the works for some time.
High inputs after the Pandemic have made profit margins even thinner, and they warn it could be some time before the situation turns around.
