FarmPolicy

August 18, 2019

Value of Corn, Soybeans Declined in 2015

Today, the USDA’s National Agricultural Statistics Service released its annual Crop Values Summary.

The value of corn and soybeans in the U.S. declined in 2015.

The price of corn has dropped from $4.46 in 2013 to $3.60 in 2015. The value of corn production was also lower, falling to $49,038,819,000 last year, down from $52,951,760,000 in 2014 and from $61,927,548,000 in 2013.

Similarly, soybeans sold for $8.80 per bushel last year, down from $13.00 in 2013. The value of soybeans was down to $34,535,320,000- off from $39,474,861,000 last year, and $43,582,901,000 in 2013.

Keith Good

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