Who Hasn’t Had Big Crop Yields During the Ag Slowdown?
By Brent Gloy & David Widmar
Since 2014, U.S. farmers have managed to produce very large corn, soybean, and wheat crops. These, and large crops around the world, have weighed on prices and created a major economic downturn for U.S. farmers. While record large crops have meant most farmers have enjoyed high yields, U.S. production takes place across a very wide and diverse geography. As such, some producers have seen high yields while others may have been less fortunate.
This week we look at county level corn, soybean, and wheat yields to better understand how crop yields have varied across the country during the economic downturn. Areas where yields have been particularly high should have weathered the economic downturn better than areas where yields may not have been quite so good. (more…)