Bill Lapp

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Bill Lapp has more than 25 years of experience analyzing and forecasting economic conditions and commodity markets. He's the owner and president of Advanced Economic Solutions, a commodity consulting firm that works with restaurant companies and food manufacturers.

Articles by
Bill Lapp

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What the failed harvest means for you

The 2012 U.S. corn crop is forecast to total 10.8 billion bushels, a decline of 13 percent from a year ago. While planted area is pegged at a record 96.4 million acres, yields are forecast to decline to 123.4 bushels per acre, a decline of more than 20 percent from trend levels. The decline reflects the most adverse weather in more than 20 years to face corn growers.

Drought affecting food costs

Every day brings more headlines about the drought in Midwestern farming areas.