Economic Tidbits

Nebraska Crop Value Up 22 Percent

The USDA’s National Agricultural Statistics Service estimates the value of Nebraska’s 2020 crops is $11.9 billion, up 22 percent from 2019. The value of corn production is expected to total $7.61 billion, up 21 percent from the previous marketing year, and the value of soybean production is expected to be $3.18 billion, up 36 percent. The marketing year for both crops runs from September 1 to August 31. Nebraska’s average corn price is projected to be $0.73 per bushel higher compared to last year while the average soybean price is projected to be $2.53 per bushel higher.

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