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Virginia farmers will suffer substantial losses from the drought experienced this summer throughout most of the state.
So said Joseph D. Coffey, head of the agricultural economics department at Virginia Tech, who stated in an interview that Virginia’s com crop was the worst he had seen after visiting several other southern and midwestern states.
Even after late August rains Virginia’s com crop is generally poor, with little com being harvested as grain in the northern part of the state. The soybean crop also remains in very poor condition at this time. Fortunately, for some farmers, tobacco and peanut crops remain in generally good condition.
Com and soybean growers in Virginia are receiving a double setback due to the drought this summer. Throughout most of the United States corn and soybean growers are experiencing record crops. Virginia crops are not providing anywhere near, normal yields due to the dry weather. Record crops throughout most of the U. S. will drive prices down, causing economic hardship for Virginia farmers. Those who managed to salvage a portion of their crops will receive below normal prices for their effort. Coffey stated that income of corn farmers this year will be about half last year’s.
This will be another year of record exports for agricultural products for the U. S. Exported agricultural products contribute over S20
92.9%