The preliminary farm value of Michigan field crops produced in 2016 was $3.14 billion, down 4% from 2015, according to Marlo Johnson, director of the USDA National Agricultural Statistics Service’s Great Lakes Regional Office. All individual field crops saw lower total value of production from 2015 with the exception of soybeans. Highlights from the Crop Values Annual Summary report include:

Michigan

• Corn for grain value decreased 9%, to $1.10 billion in 2016. The average price was $3.45 per bushel.

• Soybean value of $983 million was up 13% from 2015. The average price was $9.45 per bushel.

• Wheat value decreased 2% to $211 million. The average price was $4.15 per bushel.

• Dry bean value, $126 million, was down 21% from last year. The average price was $31.50 per cwt.

 Nationally

• U.S. corn for grain value increased 5%, to $51.7 billion in 2016.

• Soybean value in the U.S. was up 16%, to $40.9 billion.

• U.S. all wheat value decreased 9%, to $9.10 billion.

Source: NASS