Hurt: WASDE report eases fear of low crop prices Purdue University

Purdue Extension’s agricultural economist, Chris Hurt, says that there will be a more optimistic outlook on price increases for crops compared to last year, according to the U.S. Dept. of Agriculture’s Supply and Demand Estimates. Soy bean prices have increased as well to about $15 a bushel. Hurt says, “The closer those national corn prices come to $5, the less downward adjustment is needed in land values and cash rents.” 

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