Posted by Paula Scott on Wednesday, March 13, 2024
USDA National Agricultural Statistics Service, Great Lakes Region
Agriculture Across Ohio, March 2024
2023 Crop Values Summary
The preliminary farm value of Ohio field crops produced in 2023 was $7.32 billion, down 13 percent from 2022. The fall in total value in Ohio was due to lower prices of corn and soybeans.
Some Ohio highlights from the report follow:
- Corn for grain value was down 17 percent to $3.10 billion in 2023. The average price was 4.60 per bushel.
- Soybean value of $3.46 billion decreased 15 percent from 2022. The average price was $12.60 per bushel.
- All wheat value was up 16 percent to $335 million. The average price was $6.30 per bushel.
- Oat value decreased 27 percent to $4.16 million. The average price was $3.65 per bushel.
National highlights:
- U.S. corn for grain value decreased 17 percent to $73.9 billion in 2023.
- Soybean value in the U.S. was down 13 percent to $52.8 billion.
- U.S. all wheat value was down 10 percent to $12.7 billion.
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