farmers

Kevin Kliesen, Business Economist and Research Officer,
Federal Reserve Bank of St. Louis

Many Midwest farmers will be feeling the effect of this summer’s abnormally wet weather for the rest of this year and into 2016. A new agricultural survey from the Federal Reserve Bank of St. Louis suggests farmer income will continue to take a hit into next year in part because of the delayed planting of soybeans and the inability to bale hay.

Flickr/Shane McGraw

Some crops in Illinois are under water. Some have yet to be planted.

After the wettest June on record, officials in Illinois with the U.S. Department of Agriculture announced this week they’re seeking a federal disaster declaration to help farmers with flood-damaged crops.

"This has been the absolute worst spring for getting anything done that I’ve seen in 40 years of farming. It seemed like just as the ground was drying up, it’d rain again," said Greg Guenther, who farms east of Belleville.