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Farm Events: |
Farm News: A Snapshot Of WI Commodities ValuecommentsPosted: 02.18.2011
Higher commodity values – and good yields, helped Wisconsin’s agricultural economy grow again last year.
The new figures released by the Wisconsin Ag Statistical Service showed the value of principal crops produced in Wisconsin in 2010 to estimated worth $4.82 billion, up from $3.49 billion in 2009, and from $3.57 billion in 2008. Commercial vegetables accounted for $156 million of the total value, fruits and nuts for $214 million, and field and miscellaneous crops made up the remaining $4.45 billion in value for 2010. The price of Wisconsin’s 2010 corn crop was up $1.78 from the previous marketing year, averaging $5.35 per bushel. The total value of the corn crop was $2.69 billion. Nationally, corn sold for an average $5.40 per bushel and had a total value of $66.65 billion.
Wisconsin’s 2010 soybean crop was valued at $938 million. Soybean prices averaged $11.40 per bushel, up $1.78 from the previous year. Nationally, the soybean crop was valued at $38.9 billion, based on an average selling price of $11.70 per bushel.
The value of Wisconsin dry alfalfa hay production was $403 million, down from $410 million in 2009. The average price per ton in 2010 was $107. The value for all other hay types was $57.8 million, up sharply from $44.4 million in 2009. The aver-age price of $76.50 per ton was down from $80.00 in 2009.
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