Corn price threatened after drought kills crops in Orange Walk
Friday, August 14th, 2015. BMG: Extreme droughts is said to be the cause to the damage of millions of dollars in crop in the Orange Walk South area of that municipality.
The area has been experiencing droughts since 2012, but with this year’s record breaking heat levels, thousands of acres of corn and soybean is being ruined. And with no rain in site, farmers from the Indian Creek Cooperative are facing a dilemma.
The shortage of the corn crop will have ripple effects to the economy since farmers are expecting the price of corn to go up. What used to be $0.22 to $0.25 cents per pound, farmers say will hike up to $0.37 a pound.Photos Courtesy of Channel 5.
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