Iowa Farmers Keep High Harvest Expectations Despite Record Floods

Record rain and flooding has left acres of ravaged farmland in Missouri, Indiana and Iowa this month. The Iowa Farm Bureau has estimated crop losses in that state alone to amount to $3 billion. But, leaders of the Iowa Corn Growers Association and the Iowa Corn Promotion Board say though they expect corn and soybean crops to take a hit, their expectations for the 2008 harvest are far from bleak. Some even expect the state to still harvest its third most productive yield.

In this DomesticFuel Cast, we hear from Craig Floss, Chief Executive Officer for the Iowa Corn Grower’s Association and the Iowa Corn Promotion Board, Julius Schaaf, chair of the Iowa Corn Promotion Board and Gary Edwards of the Iowa Corn Growers Association. Here is the Domestic Fuel Cast #5:

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