Everything coming out of the Dept. of Ag. regarding the drought is BS. They are spinning the drought effects at 13% to hide the fact that the reduction is more like 50%. If this were known, then the 40% of the crop mandated for ethanol production would appear as a folly of major proportions. They are hoping to spin it until after the Nov. elections .... then miraculously, the 4.5% inflation for food and other items will jump to 10-20%. I’m sure that the Dept. of AG has sent their people over to the Bureau of Lies and Statistics (BLS) at Labor to learn the fine art of lying with statistics.
50% loss from the anticipated 13 billion bushels would be 6.5 billion bushels. Plenty of private crop trackers who don’t rely on the government don’t put the number even close to that low. We might have to survive on the same amount of corn we had in 2006!
The worst drought losses will NOT be in the heaviest traditional corn production areas; northern Iowa, northern Illinois and central Nebraska.