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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Oct 22, 1986
Page
1
Prices for corn in Des Moines drop below $1 a bushel for the first time in 15 years amid a large harvest. Iowa officials warn prices may fall further, hurting farmers already under financial pressure as advocates cite production, storage, and policy factors shaping the market.
Fritz Meyer and his son Jeff run Waldo Orchards a family operation since 1923 producing apples cherries pears and plums on 65 acres. They stopped using Alar due to safety concerns and market pressure while facing weather and labor challenges. The farm markets half its crop locally and offers tours caramel apples and a cider treat called Apple Lick amid plans to develop new varieties like Iola Red and Empire.
Wisconsin growers estimate profits for 1986 corn will be slim with market prices potentially below the $2 break even. Farmers note depressed mood as harvest begins. officials cite government loan floor near $1.84 as prices trend downward. The state harvest is pegged at 347 million bushels, down 3 percent from 1985, with record 112 bushels per acre. No. 2 corn county elevator prices average $1.12 to $1.25, opening prices for new crop unsettled.
The forecast shows a chance of light rain Thursday and early Friday which could delay field work. Partly cloudy skies are expected Saturday with highs in the mid to upper 50s and lows ranging from the low 40s Thursday to the mid 30s Friday and Saturday.
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