NDSU Planning Prices

North Dakota State University Extension economists have published short and long-term planning price projections. Ron Haugen says the estimated short-term planning prices should be used as a guide in setting price expectations for this year’s production. The long-term planning prices are valuable for evaluating alternative plans that affect the farm or ranch business for more than one year. Both individual yearly price forecasts and long-term average prices are presented. Some of the 2013-2014 planning prices are $8.75 for spring wheat, $5.65 for corn, $12.50 for soybeans$6.60 for malting barley, $24 for canola and oil sunflowers, and $32 for dry beans.