Falling corn prices may put Minn. farmers in a bind

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The U.S. Department of Agriculture has indicated that corn may be overplanted compared to earlier estimates, which sent corn prices falling this week.

Farmers have planted more than 97 million acres of corn, the most in more than 75 years, according to Minnesota Public Radio. The prospect of a huge harvest drove corn prices down nearly 5 percent after the report was released Friday.

Of course, this comes after a very wet spring (which followed a drought) has delayed the growing season for much of the upper midwest.

As MPR notes, the news hits farmers hard twice: Once with the delayed planting season, and again with the lower prices and a potentially smaller harvest.

Meanwhile, KARE 11 reports that most farmers have given up on some crops like alfalfa.

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