USDA REPORT: Drought Cut U.S. Corn Crop
The drought of 2012 cut the size of the nation’s corn harvest.
According to a USDA report, U.S. corn growers produced 10.8 billion bushels, 13 percent below the 2011 crop. The corn yield in 2012 is estimated at 123.4 bushels per acre, down from 147.2 yield in 2011.
For growers, the spring of 2012 looked like the beginning of a banner year. With favorable conditions, farmers planted at the fastest pace in U.S. history and planted the largest acreage in the past 75 years. But historic drought conditions in most of the corn-growing states caused the corn crop conditions to decline rapidly.
Soybean production made a comeback late in the season when the weather cooled and rains came back.
Soybean production for 2012 totaled 3.01 billion bushels, down just 3 percent from 2011 crop. Despite the decrease, this was still the seventh largest soybean crop on record. The U.S. yield is estimated at 39.6 bushels, which is 2.3 bushels below last year’s yield.