Traverse City Record-Eagle

Business

March 1, 2014

Michigan field crop values dropped in 2013

Field crop values dropped in 2013

TRAVERSE CITY — The preliminary value of Michigan field crops was down 13 percent in 2013, according to the USDA’s 2013 crop value report.

“There was more corn growing in 2013,” said Greg Shy, executive director of the Grand Traverse County Farm Service Agency office.

And Michigan corn value dropped 34 percent to an average price of $4.05 a bushel in 2013. Shy said more corn resulted in lower crop value and lower crop land prices.

The state’s soybean value dropped 13 percent. Wheat value dropped seven percent and dry bean value dropped one percent.

The national corn value decreased 16 percent, and the national soybean value was down four percent.

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