Bountiful Corn Harvest

By: associated press
By: associated press

DES MOINES, Iowa (AP) - Favorable weather has helped farmers produce what could be a giant corn harvest.
Projections are calling for 13 billion bushels. That would be
just shy of the 13.04 billion bushels harvested in 2007.
The giant crop isn't only good news for farmers. It's also good for livestock producers, who should benefit from lower feed costs.
But it probably won't make a big difference to the cost of
groceries.
Although corn is a key ingredient in countless things, most of a product's cost is tied to labor and transportation.
Kent Thiesse is a farm management analyst and vice president of MinnStar Bank in Lake Crystal, Minn. He says depending on what you're looking at on a store shelf, less than 25 percent of the
cost goes back to the base product.


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