We have seen it coming. The summer drought has left a lot of cornfields drying up. On Friday, the U.S. Department of Agriculture released new projections for this year’s corn crops that give us a better idea of what to expect.
In Nebraska, the corn yield is expected to be down 13 percent this year. The USDA says the Cornhusker State is expected to produce 1.337 billion bushels of corn this year, compared to 1.536 billion in 2011.
In Iowa, the yield is expected to be down 19 percent from last year’s production. The state is on pace to produce 1.917 billion bushels compared to 2.356 billion last year.
The estimates are based on August 1st conditions.