Area USDA crop value reports

U.S. Department of Agriculture
Farm Forum

South Dakota

SIOUX FALLS – The value of South Dakota’s 2017 field and miscellaneous crops is forecast at $5.32 billion, according to the USDA’s National Agricultural Statistics Service. This is down 12 percent from 2016.

The value of corn production is expected to total $2.21 billion, down 13 percent from the previous marketing year. Corn price is projected to average $3.00 per bushel, down $0.09 from the last marketing year.

The value of soybean production is expected to total $2.15 billion, down 7 percent from the previous marketing year. Soybean price is projected to average $8.90 per bushel, down $0.13 from the last marketing year.

North Dakota

FARGO, N.D. – The value of North Dakota’s 2017 field and miscellaneous crops is forecast at $6.84 billion, according to the USDA’s National Agricultural Statistics Service. This is down 10 percent from 2016.

The value of soybean production is expected to total $2.13 billion, down 4 percent from the previous marketing year. Soybean price is projected to average $8.90 per bushel, down $0.07 from the last marketing year.

The value of spring wheat production is expected to total $1.20 billion, down 3 percent from the previous marketing year. Spring wheat price is projected to average $5.75 per bushel, up $1.18 from the last marketing year.

Minnesota

The production of Minnesota’s field and miscellaneous crops was valued at $9.56 billion in 2017, according to the USDA, National Agricultural Statistics Service – Crop Values summary. This was a 4 percent decrease from 2016.

The value of corn for grain production totaled $4.51 billion, down 9 percent from the previous year, and production was down 4 percent. Minnesota’s corn price averaged $3.05 per bushel, a decrease of $0.16 from the last marketing year.

Down 3 percent from 2016, the value of soybean production was $3.48 billion, and production was down 2 percent. The average price decreased $0.08 from the previous year to $9.15 per bushel.

Value of production increased in 2017 from 2016 for canola, potatoes, barley, spring wheat, alfalfa hay, other hay, all forage, and dry beans. Oats, winter wheat, and all sunflowers value of production decreased from last year. Sugarbeet value of production decreased in 2016 from 2015.

Iowa

The production of Iowa’s field and miscellaneous crops was valued at $14.0 billion in 2017, according to the USDA, National Agricultural Statistics Service – Crop Values summary. This was a 4 percent decrease from 2016.

The value of corn for grain production totaled $8.47 billion, down 6 percent from the previous year, and production was down 5 percent. Iowa’s corn price averaged $3.25 per bushel, a decrease of $0.05 from the last marketing year.

Down 2 percent from 2016, the value of soybean production was $5.19 billion, and production was down 1 percent. Average prices decreased $0.09 from the previous year to $9.25 per bushel.

Value of production increased in 2017 from 2016 for oats, alfalfa hay, other hay, and all forage. Value of production decreased from the previous year for winter wheat.

Nebraska

LINCOLN, Neb. – The value of Nebraska’s 2017 field and miscellaneous crops is forecast at $9.52 billion, according to the USDA’s National Agricultural Statistics Service. This is up 1 percent from 2016.

The value of corn production is expected to total $5.55 billion, down 2 percent from the previous marketing year. Nebraska’s corn price is projected to average $3.30 per bushel, down $0.02 from the last marketing year.

The value of soybean production is expected to total $2.95 billion, up 2 percent from the previous marketing year. Nebraska’s soybean price is projected to average $9.05 per bushel, down $0.13 from the last marketing year.