Farm Outlook

The U.S. Department of Agriculture's final corn production estimate for the year was a record 4,722 million bushels - up more than 600 million bushels from the 1966 crop. The large harvest resulted from a 6 percent increase in acreage and about a 6-bushel increase in average yield nationally, compared with 1966. However, some uncertainty still exists about the actual size of the crop, as a substantial amount of corn remained to be harvested in the eastern Corn Belt at the end of December. The extent of field losses in that area is not yet known.