FAST FIVE: "It's A Disaster Like I've Never Seen Before": 2019 Could Be Worst Year Ever For US Corn Farmers
Authored by Michael Snyder via the Economic Collapse blog, The amount of corn produced in the United States this year is going to be way below expectations. The Department of Agriculture just slashed its harvest estimates quite dramatically in its June report, but some farmers in the Midwest believe that those reduced projections are still way too optimistic. As I have previously detailed, millions upon millions of acres will go unplanted this year, but that is only part of the story. Much of the corn that has actually been planted is coming up very slowly due to the exceedingly poor conditions, and corn farmers all over the Midwest are reporting that their plants look absolutely terrible. If we get picture perfect weather between now and harvest time, this will simply be a terrible year. But if severe heat and/or an early frost hits the Midwest, this could very easily be the worst year that we have ever seen for corn farmers in the United States.
He is reluctant to plant more because yields typically decline the later a crop is planted.
But an early snap of cold weather could ruin those plans.
For the moment, more rain continues to hammer the middle of the country. In fact, there was more flash flooding in the Midwest on Saturday- The combination of two different frontal boundaries caused severe weather and flash flooding in parts of the Plains and Midwest on Saturday.
Nobody knows exactly what the weather will look like during the critical summer months, but I have a feeling that the end result of this crisis will be far worse than any of the “experts” were anticipating.