Friday, October 09, 2009 at 1:06 p.m.
Read more: Economy, Agriculture, Ag Report, Corn, Soybean Record Levels Predicted
DES MOINES, Iowa (AP) — Record harvests are being forecast for corn and soybean farmers despite earlier concerns over a cool growing season.
In a report released Friday, the National Agricultural Statistics Service forecasts record yields for corn and record production for soybeans.
Corn production is estimated at 13 billion bushels, up 8 percent from 2008. If true, it will be the second highest production since 2007, when 13.04 billion bushels were harvest.
Yields are forecast to average a record 164.2 bushels per acre, up more than 10 bushels from 2008.
A record 3.25 billion bushels is forecast for soybeans, up 10 percent from 2008. Yields are expected to average 42.4 bushels per acre, the third highest on record.
