DIAGRAM: Missouri farm losses are offset by increased prices
October 7, 2012 | 7:40 p.m. CDTEven though Missouri corn and soybean yields are down this year because of the drought, those losses are being offset by high prices. According to MU’s “Missouri Farm Income Outlook 2012,” Missouri’s net farm income will reach almost $2.8 billion for 2012, which ranks above the average for 2004 to 2011. Meanwhile, as feed prices go up, many Missouri livestock producers are shrinking their production, leading to increased meat and milk prices.
RELATED STORIES: High crop prices will balance Missouri's low corn, soybean yields