The latest USDA Crop Progress Report has been released, signaling the beginning of harvest season. Two percent of Indiana’s corn for grain and 1 percent of soybeans have been harvested so far.
Throughout the nation, 9 percent of corn harvest and 5 percent of soybean harvest has been completed.
One harvest that has been going on for a bit longer is corn for silage; 55 percent has been harvested throughout Indiana so far.
Farmers are eager to see how this year’s harvest yields will shake out. The industry was pessimistic at best after moderate to severe droughts hit the nation. Corn prices have also fallen 30 percent this year, their lowest levels in nearly three years, due to weak export demand.
Current USDA estimates put this year’s harvest at an average of 173.8 bushels per acre, just over the average yield of 173.3 bushels per acre achieved last year.
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