Farm Outlook

The USDA'S August crop report estimated 1967 corn production at 4.65 billion bushels - up 13 percent from last year. Indicated yield per acre was forecast at 75.9 bushels, based on August 1 conditions. An average yield of this size would be a new record and compares with the 1966 yield of 72.1 bushels per acre. Prospective yields were above 1966 levels for Illinois, Indiana, and Missouri but were below last year in the other major Corn Belt states. Final yields could differ considerably from these estimates, and the September crop report (not available at this writing) will provide a better indication of this year's crop prospects.