US Farmers on Verge of Giant Corn Harvest

Posted by Brian Gould Wed, 16 Sep 2009 15:35:00 GMT

Favorable weather has helped farmers produce what could be a huge harvest, with projections calling for 13 billion bushels. That would be just shy of the 13.04 billion bushels harvested in 2007.

The giant crop is good news for farmers and livestock producers, who should benefit from lower feed costs, but it probably won’t make a big difference to the cost of groceries.

Although corn is a key ingredient in countless products, from Coke to corn flakes, most of a product’s cost is tied to labor and transportation, not ingredients, said Kent Thiesse, a farm management analyst and vice president of MinnStar Bank in Lake Crystal, Minn.

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