INDIANAPOLIS (CBS) — This summer’s drought is really hurting some farmers in Indiana.
As WBBM Newsradio’s Dave Marsett reports, agriculture experts say those farmers could take a financial hit, if they can’t grow enough crops to fill their contracts — most farmers sell their crops ahead of time.READ MORE: Investigation Launched After Hackers Break Into Illinois Attorney General's Computer Network
If they can’t fill those orders, they could take a major loss.
In Indiana, less than half the normal amount of rain has fallen since May 1.
The state’s Department of Agriculture reports that corn is beginning to tassel early in the dry weather and that soybeans also are blooming early.READ MORE: "We Don't Want To Look Like A Segregated Chicago': Black Chamber Of Commerce Looks Into North Side Opportunities
Purdue Extension economist Chris Hurt says farmers who sold a large percentage of their anticipated crops on future delivery contracts could be especially hard-hit financially if they don’t grown enough to meet those contracts.
The National Weather Service says last month was the driest June on record for Indianapolis and Evansville. Indianapolis recorded only 0.09 of an inch of rain.
LISTEN: WBBM Newsradio’s Dave Marsett reports
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