The difference in corn prices between 2012 and 2013 means a nearly $7.5 billion loss to the Illinois economy.
Data resulting from an analysis conducted by Western Illinois University’s (WIU) Illinois Institute for Rural Affairs clearly illustrate the close tie between a strong corn industry and economic activity across the state of Illinois.
“When corn prices are strong, the impacts are felt statewide,” said Gary Hudson, Illinois Corn Growers Association (ICGA) president.
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