2006 Crop Values Summary

Increase 32% from 2005.

Published on: Mar 2, 2007

The preliminary farm value of Michigan field crops, fruits and vegetables produced in 2006 was approximately 2.9 billion dollars, according to the USDA, NASS, Michigan Field Office. This was a 32 percent increase from the 2005 crop production value. Some Michigan highlights from the report were the following:

  • Corn for grain value increased 71 percent to $922 million in 2006; the average price increased $1.32 per bushel.
  • Soybean value at $546 million was up 24 percent from 2005. The average price was up 37 cents per bushel.
  • Hay value was set at $343 million, up 17 percent from a year earlier; the average price was up $3.50 per ton.
  • Wheat value increased 32 percent; the average price was up 27 cents per bushel.
  • Dry bean value, at $78 million, was up 2 percent from last year, while the
    average price was down 40 cents per cwt.

Nationally:

  • U.S. corn for grain value increased 52 percent to $33.8 billion in 2006.
  • Soybean production value in the U.S. was up 14 percent to $19.7 billion