Drought affecting crop prices - Hometownstations.com-WLIO- Lima, OH News Weather Sports

Drought affecting crop prices

The Midwestern drought is likely to affect consumers in the pocketbook by next year.

The hot weather has taken its' toll on corn and beans and that's affecting the market value of the crop.

Greg Leffel, who farms north of St. Marys says prices for grains are higher due to expected reduced yields and that means you'll pay higher prices in the grocery store.

Because of the law of supply and demand, farmers will make more money on their crop per bushel, but the yield is expected to be lower.

Many farmers will have to rely on crop insurance to help them out, but it's too late to sign up now as the deadline to buy crop insurance was in March.