With midterm elections approaching, help us make everyone smarter about the economy. Donate Now

Early signs indicate weaker than expected U.S. corn crop

Justin Ho Sep 9, 2022
Heard on:
HTML EMBED:
COPY
A below-average corn crop could have global implications. Getty Images

Early signs indicate weaker than expected U.S. corn crop

Justin Ho Sep 9, 2022
Heard on:
A below-average corn crop could have global implications. Getty Images
HTML EMBED:
COPY

Next week, the Agriculture Department will release an update about how much grain farmers produced this summer. American grain has been in high demand this year, especially after Russia’s invasion of Ukraine cut off a major source of corn and wheat for much of the world. But in recent weeks, we’ve been learning that U.S. grain yields aren’t doing as well as predicted.

Last month, the news service Pro Farmer held its annual crop tour of corn and soybean farms.

When visitors pulled back the husks on some ears of corn, “they saw that the kernels of corn maybe only filled out the actual cob itself three quarters of the way,” said Naomi Blohm with Total Farm Marketing, who adds that’s because the summer’s been hot and dry – especially in western parts of the corn belt.

“And so the yields for corn in Nebraska, and Western Iowa, and other parts of the Midwest, are down dramatically from expected levels,” she said.

Eastern parts of the country could help make up for that lost yield. But agriculture economist Dan Sumner at UC Davis said a smaller U.S. crop puts pressure on global supplies.

“It does make it that much harder to make up for the fact that Ukraine wasn’t able to plant the full crop this year, and may well have problems harvesting,” he said.

Sumner said a smaller corn crop would also raise livestock feed prices. That could make chicken, pork and beef more expensive.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.