Indiana Forecasting Bumper Crops Of Corn And Soybeans

The government is forecasting Indiana and the nation will have bumper crops of corn and soybeans for the second straight year, so what does this mean for your grocery bill? Unfortunately, not much right away. That box of cereal, the farmer gets about 17-cents. Even if that dropped by 50-percent, you probably wouldn't notice. It all boils down to supply and demand. Big crop, big supply, the lower the price of corn. But a lot of the corn grown here in Indiana goes to animal feed, so when you do the math on how long it takes to turn a pig into pork chops, it could be awhile before you see the effect on your grocery bill.