Booming Corn Crop to Spark Drop in Food Prices

Ad Feedback

The U.S. Agricultural Department predicts families could see some relief from high food prices this year.

USDA officials say corn production will reach a record 14.8 billion bushels this year. That's about 2.4 billion bushels more than last year.

"We're looking at the largest corn crop this country has ever produced and larger than the previous record by over 1½ billion bushels," Chad Hart, grain market specialist and economic professor at Iowa State University, told The Associated Press.

"We're looking at the potential for just a true bin-buster of a crop," Hart predicted. "There's going to be a lot of corn flying around here."

The agency also said an early planting season means there will be a larger surplus at the end of the summer.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.