OPINION (MS) – The amount of corn produced in the United States this year is going to be way below expectations. The Department of Agriculture just slashed its harvest estimates quite dramatically in its June report, but some farmers in the Midwest believe that those reduced projections are still way too optimistic. As I have previously detailed, millions upon millions of acres will go unplanted this year, but that is only part of the story. Much of the corn that has actually been planted is coming up very slowly due to the exceedingly poor conditions, and corn farmers all over the Midwest are reporting that their plants look absolutely terrible.
If we get picture perfect weather between now and harvest time, this will simply be a terrible year. But if severe heat and/or an early frost hits the Midwest, this could very easily be the worst year that we have ever seen for corn farmers in the United States. The other day, Illinois farmer James McCune gathered a large number of his fellow corn farmers for a “Prevent Plant Party”, and the mainstream media showed up to cover it. The following is from CNBC’s coverage of the event… James McCune, a farmer from Mineral, Illinois, was unable to plant 85% of his intended corn acres and wanted to commiserate with his fellow farmers by hosting the “Prevent Plant Party” at The Happy Spot. READ MORE
