MINNEAPOLIS (WCCO) — Minnesota farmers are helping to contribute to record breaking harvest predictions for the year.

The federal government predicts that Minnesota farmers will produce 1.34 billion bushels of corn this year.

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That’s up 40 million bushels from last year, despite our cold and very wet spring.

This year’s crop is part of a record-breaking forecast for the United States, which shows a total harvest of 14 billion bushels.

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Soybean production is also expected to set a new record.

Experts say the resulting lower prices from the record crop won’t immediately cut grocery costs.

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But livestock producers will pay less for feed.