A University of Illinois ag

economist says farmers should expect low soybean revenues at harvest.

Gary Schnitkey tells

Brownfield the soybean harvest price will likely be around $8.36 down nearly 80

cents since early spring.

“We’re looking at very low

revenues, and we’re still not at the point where we’re going to get payments on

crop insurance,” Schnitkey said.

He said the drop in expected

revenue has been largely due to COVID-19 control measures and for crop insurance

payments to begin to be paid out, prices would have to fall below $7.80.

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