Soybean Yield Record Shattered and Food Price Index Up Slightly

Soybean Yield Record Shattered and Food Price Index Up Slightly

Bob Larson
Bob Larson
From the Ag Information Network, this is your Agribusiness Update.

**Georgia soybean grower Alex Harrell has shattered the world record YIELD for soybeans with a bin busting 218.2856 bushel per acre average.

www.agriculture.com reports, not only has he broken his own previous world record of 206 bushels per acre, but did it in back-to-back years.

The 34-year-old farms about 4,000 acres with his father, Rodney, in Lee and Sumter Counties.

He grows corn, soybeans, wheat, and watermelons.

www.agriculture.com/new-soybean-yield-record-set-at-218-bushels-8695782

**Ag credit stress was limited in the second quarter but showed signs of tightening amid lower crop prices and rising input costs, according to a Federal Reserve Bank survey.

The survey says despite sharp declines in farm income and capital spending, agricultural credit stress remained limited, but signs of financial pressure have appeared.

The Fed says about 60% of farm lenders reported income was lower than last year.

**The Food Price Index increased 0.2% in July, as it did in June.

Three of the six major grocery store food group indexes rose over the month, while the other three dropped during July.

The meat, poultry, fish, and eggs index rose 0.7%, with eggs seeing the largest increase.

The cereals and bakery products index dropped by 0.5%, and so did the dairy and related products index.

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