Heavy rains and flooding have destroyed as much as five percent of Indiana’s corn and soybean crops, potentially causing approximately $300 million in damage this month according to experts. “We went from a well above-normal crop to a very discouraging, below-normal crop,” stated Chris Hurt, Purdue Extension economist. “This was a very devastating period.” Losses …read more.

The nation’s pork industry will continue to experience some of its worst economic losses in recent history as record-setting drought decimates feed supplies, says Purdue Extension agricultural economist Chris Hurt. Producers could lose about $30 per head this summer and nearly $60 per head during the final quarter of the year as continuedliquidation of herds …read more.