Big Harvests, Bigger Blues

Another global glut depresses U.S. crop prices

Last fall, with farm prices plunging to some of their lowest levels this decade, Ron McCartney held off the market much of his soybean and corn harvest. Like thousands of other farmers, he figured prices would rebound in early 1999. They haven't. In fact, they're weaker, and McCartney, who works 1,700 acres in Elgin, Iowa, has bills to pay and fields to plant in less than two months.

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