The preliminary farm value of Indiana field crops produced in 2014 was $7.51 billion, down 13 percent from 2013. The total value of State production declined due to lower prices for most commodities. Some Indiana highlights from the report by the USDA National Ag Statistics Service follow:
Corn for grain value was down 15 percent to $3.91 billion in 2014. The average price was $3.60 per bushel.
Soybean value of $3.17 billion decreased 10 percent from 2013. The average price was $10.30 per bushel.
Wheat value was down 36 percent to $131 million. The average price was $5.15 per bushel.
Oat value increased 12 percent to $3.37 million. The average price was $4.55 per bushel.
U.S. corn for grain value decreased 15 percent to $52.4 billion in 2014.
Soybean value in the U.S. was down 8 percent to $40.3 billion.
Value of Crop Production, 2013-2014