Two rapid-fire snowstorms belted Kansas with more than 2 feet of snow this week. They caused thousands of accidents and all kinds of hardships — but they also produced very broad smiles from some quarters.
That's because in a place as dry as Kansas has been lately, a blizzard can be a blessing for farmers and ranchers.
Economists at the U.S. Department of Agriculture, gazing into their crystal ball, see American farmers planting and harvesting huge amounts of corn, soybeans, and wheat this year. They're predicting a record harvest of corn: 14 billion bushels, up nearly 40 percent over last year's drought-crippled level.
With supply up, prices will fall. The USDA thinks that the price of the average bushel of corn could fall by a third. And soybean production and price are expected to follow a similar track.