'croprevenueslook to be much improved with record crops and generallyhigherpricesthanweanticipatedearlier this year,' saidJosephGlauber, the USDA's chiefeconomist.
At the event, USDA chief economist JosephGlauber warned of record farm prices for corn, wheat, and soyabeans for 2011, and resulting US food inflation of at least 4% this year and next as prices work their way through the supply chain.