Nebraska Crop Values Rise 31% for 2021

The value of Nebraska’s 2021 field and miscellaneous crops is forecast at $16.0 billion, according to the USDA’s National Agricultural Statistics Service. This is up 31% from 2020.

The value of corn production is expected to total $10.0 billion, up 26% from the previous marketing year. Nebraska’s corn price is projected to average $5.40 per bushel, up $0.93 from the last marketing year.

The value of soybean production is expected to total $4.42 billion, up 45% from the previous marketing year. Nebraska’s soybean price is projected to average $12.60 per bushel, up $2.40 from the last marketing year.

The value of winter wheat production is expected to total $272 million up 72% from the previous marketing year. Nebraska's winter wheat price is projected to average $6.60 per bushel, up $1.95 from the last marketing year.

The value of alfalfa production is expected to total $586 million, up 59% from the previous marketing year. Nebraska's alfalfa price is projected to average $157.00 per ton, up $44.00 from the last marketing year. The value of other hay production is expected to total $261 million, up slightly from the previous marketing year. Nebraska's alfalfa price is projected to average $102.00 per ton, up $18.00 from the last marketing year.