Experts: Indiana crops have taken $300M hit from flooding

Agriculture experts say this month's heavy rains and flooding have already reduced the value of Indiana's crops by nearly $300 million and the damage could escalate with more wet weather.

Purdue University agricultural economist Chris Hurt said Friday that the projected corn and soybean harvest for the state dropped about 5 percent since the heavy rainfall began in early June. He says 15 percent or more of crops in some counties are in very poor condition.

Some parts of northern Indiana have seen a foot or more of rain during June, which has swamped some farm fields. Lowland flooding continues in southwestern Indiana and long-range forecasts project above average rainfall for much of the Midwest through the summer.