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According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre. Overall production of corn in the U.S. was 15.1 billion bushels for 2021.
In northern Illinois, farmers could lose $140 per acre on average for corn and $30 an acre for soybeans with autumn delivery prices of $4.50 and $11.50 a bushel, respectively, the analysis showed.
A farmstead in Perry Township, Berks County, Pennsylvania.. Agriculture is a major industry in the U.S. commonwealth of Pennsylvania. [1] As of the most recent United States Census of Agriculture conducted in 2017, there were 53,157 farms in Pennsylvania, covering an area of 7,278,668 acres (2,945,572 hectares) with an average size of 137 acres (55 hectares) per farm. [2]
Soybean meal. Soybean meal. Soybean meal is used in food and animal feeds, principally as a protein supplement, but also as a source of metabolizable energy. Typically 1 bushel (i.e. 60 lbs. or 27.2 kg) of soybeans yields 48 lbs. (21.8 kg) of soybean meal. [1] Soybean meal is produced as a co-product of soybean oil extraction. [2]
After a five-year run that featured a costly trade war and deadly pandemic, the big players in the soybean market will face a hard 2023/24 year. U.S. soybean farmers face a projected 491 million ...
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The soybean checkoff is a congressionally-mandated assessment on soybeans, whose proceeds are used to fund soybean research and promotion efforts. The checkoff is managed by the United Soybean Board under the supervision of the United States Department of Agriculture Agricultural Marketing Service. In 2014, the checkoff was $109.1 million. [1]
Grain prices were hammered early on Wednesday following news that China announced new tariffs on 106 US products. Soybeans are one of the products that will receive up to a 25% tariff making them ...