Despite the drought that parched the rest of the country, 2012 is shaping up to be a record year for many Minnesota farmers. The US Department of Agriculture projects that Minnesota farmers will harvest 1.39 billion bushels of corn this year, up 15% from last year. If that estimate holds true, it would beat the state record of 1.29 billion bushels set in 2010. Minnesota’s average corn yield is forecast at 168 bushels per-acre, a 12 bushel improvement from last year, but below the record of 177 bushels two years ago. Minnesota’s soybean production is forecast at 300-million bushels, up 9% from last year, with an average yield of 43 bushels per acre, up four bushels from last year. Sugarbeet production is expected to hit a record 12.8 million tons as well.