Arkansas soybean farmers are bracing for their worst crop in 10 years.
Mold, mildew, and fungus have plagued soybeans that are still in the field, soybean agronomist Jeremy Ross told Talk Business & Politics. Soybean farmers typically harvest 1% to 2% worth of damaged beans, but this year the number has spiked to 5% to 7%, he said.
How much this will cost farmers is uncertain at this point, but even farmers with contracts may be docked 20% to 30% of their contracted rates, Ross said. Some truck loads of beans have been outrightly rejected as well, he said.
