A month of rain and flooding has cost Indiana about $475 million due to declining corn and soybean yields, a Purdue University agricultural economist said Tuesday.

In the matter of a month, Indiana’s corn and soybean crops have declined from among the best to the worst, Purdue professor Chris Hurt said. Seventy-five percent of Indiana’s corn crop was rated good to excellent as of the USDA’s June 8 report. This week, less than 50 percent of crops received the same rating.

“It is hard not to find the culprit — excessive amounts of rainfall,” Hurt said in a Purdue news release.

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