Good news for state farmers - corn prices heading up
PALMYRA - The U.S. Department of Agriculture says corn prices have reached ten-year highs, which should be a boon to farmers across the Midwest.
But some agricultural advocates are cautious about the news.
Season average prices for corn are between $2.25 and $2.65 per bushel, a range not seen since 1996. Analysts say recent drought conditions and increased demand for corn-based ethanol are two key factors.