Iowa crops valued at nearly $15 billion to economy
Wednesday, March 01, 2017 10:14 AM
The production of Iowa’s field and miscellaneous crops was valued at $14.9 billion in 2016, according to the USDA, National Agricultural Statistics Service -- Crop Values summary. This was a 5 percent increase from 2015.
The value of corn for grain production totaled $9.18 billion, up 4 percent from the previous year, and production was up 9 percent. Iowa’s corn price averaged $3.35 per bushel, a decrease of $0.17 from the last marketing year.
Up 9 percent from 2015, the value of soybean production was $5.34 billion, even though production was only up 3 percent. Average prices increased $0.49 from the previous year to $9.40 per bushel.
Value of production decreased in 2016 from 2015 for oats, alfalfa hay, other hay, and all forage. Value of production increased from the previous year for winter wheat.