Drought Could Impact Price You Pay
(West Lafayette, Ind.) – Indiana’s corn crop is in horrible shape this year due to the drought, and that will cost you at the grocery store later this year.
Indiana is the worst drought-related state of the major corn and soybean states. Purdue University Extension\’s Chris Hurt says half of the crop is rated poor to very poor thanks to the worst drought since 1988.
“When we get down to that very poor category, 19 percent, most of us consider that virtually gone,” he said.
Hurt estimates that as of July 1, Indiana had already lost 20 percent of the expected corn yields – down to 133 bushels per acre, compared with 166 expected at spring planting. Soybeans are down 15 percent to 41.3 bushels per acre.
As a result of the poor crops, meat, dairy and corn products will likely increase 2.5 to 3.5 percent into 2013, Hurt said.
Some fields are losing ten-percent of their yield per day due to the drought and extremely hot weather, said the extension’s Bob Nielson.
“You can imagine four or five days of truly severe loss in that time period, and we’re talking really serious loss on an individual field basis,” Nielson warned.
More than 90 percent of the crop acres are rated as short to very short for soil moisture. Some sporadic showers over the past week have prevented the drought from worsening, but more rain more often would be needed for a larger positive impact.
Farmers struggling with dry fields may have a safety net. About 75 percent of Indiana crop acres are covered by some form of crop insurance.