The U.S. Department of Agriculture is releasing its final crop report for 2012, providing a glimpse of what last year's drought cost the nation's farmers and others.
The report covers a number of crops, but attention will likely focus on corn production.
The USDA predicted the nation's biggest harvest ever in the spring, when farmers planted 96.4 million acres of corn. But it began scaling back its estimates as the drought spread across two-thirds of the nation.
Analysts said Friday morning that they expect the final report to reflect an even smaller crop than the USDA's December estimate.
Analysts on average expect a final estimate of 10.6 billion bushels, down from December's 10.7 billion bushel figure.
That would still be the eighth largest corn crop in the nation's history.
Most Popular Today
Rock Stars To Celebrate Pawn Shop Ground Breaking
- 2.Retail & Restaurants
Long John Silver's Building To Become Taco Shop
- 3.Gas & Energy, General
Lights Out Lunch In Sioux Falls After Power Failure
Goodyear Recalls SUV Tires Due To Tread Cracks
- 5.Gas & Energy, General
Blacked Out Lunch Hour
- 6.Your Money Matters
New Reverse Mortgage Rules
- 7.Tourism, General
Black Hills Law Enforcement Plan For Sturgis Rally
- 8.Gas & Energy, Courts
Settlements Reached In So-Called 'Hot Fuel' Litigation
- 9.Transportation, General
Kia Recalling Nearly 87,000 Fortes Because Of Fire Risk
Friday Afternoon Business Brief