Nebraska Crop Values

LINCOLN, Neb. February 26, 2025 – The value of Nebraska’s 2024 field and miscellaneous crops is forecast at $12.4 billion, according to the USDA’s National Agricultural Statistics Service. This is down 4% from 2023.

The value of corn production is expected to total $8.02 billion, down 1% from the previous marketing year. Nebraska’s corn price is projected to average $4.45 per bushel, down $0.23 from the last marketing year.

The value of soybean production is expected to total $2.98 billion, down 8% from the previous marketing year. Nebraska’s soybean price is projected to average $9.90 per bushel, down $2.30 from the last marketing year.

The value of winter wheat production is expected to total $246 million up 3% from the previous marketing year. Nebraska's winter wheat price is projected to average $5.15 per bushel, down $1.32 from the last marketing year.

The value of alfalfa production is expected to total $453 million, down 19% from the previous
marketing year. Nebraska's alfalfa price is projected to average $130.00 per ton, down $63.00
from the last marketing year. The value of other hay production is expected to total $286 million, down 14% from the previous marketing year. Nebraska's alfalfa price is projected to average $108.00 per ton, down $28.00 from the last marketing year.

Additional commodities and information can be found in the National publication at:
https://usda.library.cornell.edu/concern/publications/k35694332