by Mac Slavo, SHTF Plan:
Farmers in Illinois whose land has been thrashed by flooding have given up on planting. Instead of growing food, they decided to throw a party. And who could blame them?
The storms that have caused major flooding in Illinois have forced farmers to give up on their crops. Forecasts for even more rain also sent corn futures to a 5-year-high, bringing the food crisis ever closer to reality. Few farmers will even see a benefit from the higher prices because they can’t even get their corn planted in the ground.
Dozens of corn farmers and those who sell them seed, chemicals, and equipment gathered on Thursday at the restaurant in Deer Grove, Illinois, after heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States, according to a report by Reuters. Rather than focus on the abysmal farming year, they decided to party instead.
The storms have left millions of acres unseeded in the $51 billion U.S. corn market and put crops that were planted late at a greater risk for damage from severe weather during the growing season. Together, the problems heap more pain on a farm sectorthat has suffered from years of low crop prices and a U.S.-China trade war that is slowing agricultural exports.
James McCune, a farmer from Mineral, Illinois, was unable to plant 85% of his intended corn acres and wanted to commiserate with his fellow farmers by hosting the “Prevent Plant Party” at The Happy Spot. He invited them to swap stories while tucking into fried chicken and a keg of beer in Deer Grove, a village of about 50 people located 120 miles (193 km) west of Chicago. –Reuters
Regardless of the news, it isn’t looking good for farmers in America. Already dealing with the political ramifications of the trade war, bankruptcies and suicides at record levels, farmers are now devastated by destructive weather. All things considered, farmers are expected to harvest the smallest corn crop in four years nationwide, according to the U.S. Department of Agriculture. The agency last week reduced its planting estimate by 3.2% from May and its yield estimate by 5.7%. Farmers think more cuts are likely as the late-planted crop could face damage from hot summer weather and an autumn frost.