Illinois farmer is planting more soybeans in hopes of turning a profit

As crops near three-year price lows, it has producers looking at different ways of turning a profit. For one farmer, that meant putting more soybeans in the ground this year instead of corn.

Illinois farmer Mike Tuttle says soybeans cost less to produce, giving him the best chance of turning a profit. He says other farmers in his neck of the woods are in the same boat, hoping to minimize their losses.

USDA expects around 86.5 million acres of soybeans to be planted this year, which would be the fifth-largest crop in history. However, Tuttle worries if there is too much, it could hurt their efforts and still leave farmers in a bad financial spot.