EAST LANSING, Mich. — The preliminary farm value of Indiana field crops produced in 2022 was $11.8 billion, up 5 percent from 2021. According to Nathanial Warenski, State Statistician of the USDA NASS, Indiana Field Office, the total value of Indiana state production increased due to higher commodity prices of corn, soybeans and wheat.
Some Indiana highlights from the Crop Values Annual Report follow:
- Corn for grain value was up 4 percent to $6.48 billion in 2022. The average price was $6.65 per bushel.
- Soybean value increased 8 percent to $4.86 billion in 2022. The average price was $14.50 per bushel.
- Wheat value was up 7 percent to $157 million. The average price was $8.10 per bushel.
- U.S. corn for grain value increased 1 percent to $91.7 billion in 2022.
- Soybean value in the U.S. was up 3 percent to $61.1 billion.
- All U.S. wheat value was up 20 percent to $14.6 billion.
— USDA National Agricultural Statistics Service