Corn and Soybean Production at a Glance
In 2023, U.S. corn production was over 15.3 billion bushels, harvested from around 86.5 million acres, at an average yield of 177 bushels per acre. For the same year, soybean output reached 4.16 billion bushels across approximately 82 million acres, yielding about 50.6 bushels per acre. Many farmers rotate between corn and soybeans from year to year, so acreage can shift depending on market conditions, weather and other factors.
Corn and soybeans represent the second- and third-highest valued crop commodities in the U.S., following only cattle and calves in total agricultural cash receipts. The United States is also the world’s largest producer and exporter of corn and one of the top producers and exporters of soybeans, making these crops central to both domestic agriculture and global food and feed supply chains.
Production of both crops is centered in the Midwest. Iowa and Illinois lead acreage for corn, followed by Minnesota, Nebraska and Indiana. Together, these states produce over 60% of the U.S. corn volume. Soybean output is similarly dominated by Illinois and Iowa, with Minnesota, Indiana and Nebraska rounding out the top five. Together, these states produce nearly half of U.S. soybean volume.


Additionally, U.S. farmers grow corn and soybeans with exceptional scale and cost efficiency compared to historical benchmarks. Since 1990, average corn yields have increased by more than 50%, rising from 118.5 to 179.3 bushels per acre. Soybean yields have grown by nearly 49%, from 34.1 to 50.7 bushels per acre. These gains are the result of continued improvements in mechanization, seed genetics and precision agriculture. By producing more with fewer resources like land and water, farmers help ensure a steady and affordable supply of crops for feed, fuel and export markets. Without these yield gains, over 80 million more acres would be needed to grow the same amount of corn and soybeans produced today.


Where Do the Crops Go? Breaking Down Usage
The vast majority of corn is not consumed directly by people. USDA data shows around 35% of corn goes to animal feed and residual use, which includes small or untracked uses like seed, on-farm consumption, storage losses or other miscellaneous uses. Approximately 33% is used in ethanol, whose co-products (e.g., dried distillers grains) are often returned to livestock rations. Fourteen percent is exported, 8% is processed into food and industrial goods, and 11% is stored for future use.
It’s important to note that these figures refer to field corn, not sweet corn. Sweet corn, the kind eaten fresh, canned or frozen, accounts for less than 1% of total corn acreage and is typically categorized with other specialty crops. Field corn, by contrast, is harvested dry and starchy, making it well-suited for feeding livestock, fueling cars and supporting a wide range of other uses.
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