Drought Damage Estimates Increase

Des Moines Register:

Estimates of Iowa’s corn yield this year continue to drop in reaction to the drought. Informa Economics, an agricultural analysis firm, lowered its estimate for the national corn yield from 153.5 bushels per acre last month to 134 bushels per acre. Informa says the national corn crop would total 11.5 billion bushels.
The national corn production last year was 148 bushels per acre and total production of 12.25 billion bushels.
Doane Agricultural Services of St. Louis reported from its annual crop tour through Iowa this week that the likely corn yield will be 117 bushels per acre in Iowa, with total production of 1.58 billion bushels.
That total production figure would be the lowest total production in Iowa since the 1.426 billion bushels in 1995, and the lowest bushel per acre figure since the 84 bushels in the flood year of 1993.
In 2011 Iowa produced 2.36 billion bushels of corn.

The damage here may not be as bad as I feared, but we won't have a very good corn yield.