Sunday, July 15, 2012

GVLN - Middle Peninsula Farmers Facing Crop Losses

The heat wave that has blistered corn in the Midwest may help some local farmers, but others worry their crops will fall to the same fate.
Two weeks ago, corn was selling for about $5.50 a bushel. Earlier this week, after the U.S. Department of Agriculture reported that 30 percent of the corn in the nation's 18 top producing states was in poor condition, prices on the Chicago Board of Trade soared to $7.74 per bushel.
For farmers in Isle of Wight and Surry counties, whose crops have not been effected by either the high heat or a lack of rain in recent weeks, that's good news. But Gloucester County farmer Charles Rich doubts he will reap rewards from the higher price.
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