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Farmers Predict Low Soybean Supply

ALBURNETT (CBS 2/FOX 28) -- Holding a stalk in his hand, farmer Curtis Schantz expects this years soybean yield to be pretty slim.

"We're probably worse here than we are other places," Schantz said.

"You can count the number of beans, the number of pods," he said holding a half empty stalk.

After a lack of rain this summer, he expects ten to 15 percent of his yield and some of his profit to dry up.

"It'll probably make me between $20,000 to $25,000 less that I could maximally earn," Schantz said.

After last year's drought, Curtis says this year's soil is even drier with a lack of moisture going down at least four feet deep.

"It's so dry, you can't stick a knife in it, he said. It's just hard like a clay brick."

Farming groups are trying to stay optimistic.

"It could be a lot worse, so I think we're going to have an okay crop," said John Airy, President of Linn County Corn and Soybean Association.

The Iowa Soybean Association said the state will continue to be a reliable supplier of high-quality soybeans.

A prediction farmers like Schantz hope will come true, especially if Iowa gets a little rain sometime soon.

"If I get that, I'll go to bed tonight happy," Schantz said.
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