HANCOCK COUNTY — With a field full of variables to constantly contend with, the one thing certain about farming is uncertainty.
But one aspect appears to be firming up solidly – and it’s not good news.
A glut of corn is driving prices in the wrong direction, and with demand down and costs up, farmers are already considering their strategies for spring.
“We’re probably going to plant more soybeans than we normally would,” said Tom Fellerman, who farms about 1,300 acres of corn, soybeans and wheat in the county.
In its updated November tally, the U.S. Department of Agriculture estimated the 2013 U.S. corn crop at just under 14 billion bushels, 7 percent higher than the previous record crop of 13.2 billion bushels harvested in 2009.
Last year’s average yield of 160.4 bushels per acre was the second-highest on record behind 2009’s average of 165.2 bushels per acre.
Unfortunately, Indiana farmers are not being rewarded for their production.