Minnesota Crop Value Forecast 11 Percent Over 2014

The production of Minnesota’s field and miscellaneous crops was valued at $9.87 billion in 2015, according to the USDA, National Agricultural Statistics Service — Crop Values summary. This was an 11 percent increase from 2014.

The value of corn production totaled $4.86 billion, up 15 percent from the previous year, and production was up 21 percent. Minnesota’s corn price averaged $3.40 per bushel, a decrease of $0.18 from the last marketing year.

Up 8 percent from 2014, the value of soybean production was $3.25 billion, and production was up 25 percent. Average prices dropped $1.36 from the previous year to $8.60 per bushel.