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Corn prices are now up about 10% over the past month. ... which eroded farmers' incomes and hit the rural economy hard. ... USA TODAY. People owe more than ever on upside-down car loans. Food.
A surge to eight-year highs in U.S. corn and soybean prices is boosting farmers' incomes and their demand for land, tractors and tools. INSIGHT-Surging U.S. crop prices reverse fortunes in rural ...
Before prices plunged last summer, Henebry said he sold some corn for $5.50 to $5.70 per bushel and then for as much as $6.21 per bushel delivered to the grain elevator.
Rural King Supply is a farm supply store based in Mattoon, Illinois, United States. Founded in 1960, as of 2024 the chain has 135 stores in the U.S. states of Florida , Georgia , Illinois , Indiana , Kentucky , Tennessee , Ohio , Michigan , Missouri , North Carolina , Pennsylvania , Virginia , West Virginia , and Alabama . [ 1 ]
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The US is the world's largest producer of corn. [8] According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre.
A farm crisis is an American term for a time of agricultural recession, low crop prices and low farm incomes. The Interwar farm crisis was an extended period of depressed agricultural incomes from the end of the First to the start of the Second World War. The most recent US farm crisis occurred during the 1980s. [1] [2] [3]
Corn is the most valuable crop in Kansas – in 2022, farmers collected $3.6 billion from corn, at $7.2 a bushel, according to the U.S. Department of Agriculture. That’s $1.5 billion more than ...