Wisconsin Ag Connection - State Crop Production Values Were Higher Last Year

Wisconsin Ag News Headlines

State Crop Production Values Were Higher Last Year
Wisconsin Ag Connection - 02/20/2013

The value of principal crops produced in Wisconsin during 2012 is estimated to be worth $5.1 billion. The state's agriculture department says the corn crop was 88-cents per bushel higher to average $6.90. The total value of the corn crop was $2.76 billion in the Badger State. Nationally, corn sold for an average $7.20 per bushel and had a total value of $77.4 billion.

Wisconsin's soybean crop was valued at $981 million. Prices averaged $13.90 per bushel, up $1.50 from the previous year. The U.S. soybean crop was valued at $43.2 billion, based on an average selling price of $14.30 per bushel.

And the value of dry alfalfa hay production was $382 million, up from $374 million in 2011. The average price per ton in 2012 was $158.00 in Wisconsin. The value for all other hay types was $60.0 million, down from $70.1 million in 2011. The average price of $100.00 per ton was up from $82.00 last year.

The value of a crop is its average sale price times total production, and does not include allowance or adjustments for commodities under government loan at the end of the marketing year, commodities forfeited to the Commodity Credit Corporation, loan deficiency payments, direct and counter cyclical payments, or disaster payments. Preliminary 2012 market year average prices for corn, oats, barley, wheat, soybeans, and potatoes are based on monthly price data through December 2012 with allowances made for the remainder of the annual surveys.

Send this article to a friend

Other Wisconsin Headlines