Professor Chad Hart was interviewed by Iowa Public Radio for the story "July’s weather will be critical for Midwest corn farmers and, possibly, consumers."
Hart told IPR that a smaller corn crop means consumers will feel an indirect effect likely to push up prices across various sectors of the economy.
“Ethanol mixes have been cheaper than gasoline. We’ve seen people take advantage of that. Less corn means prices are likely much higher, which would have an impact on ethanol pricing as we move forward, which means it can’t be as inexpensive as it’s been over the past few months,” Hart told IPR.
Also featured in: