2013 Crop market outlook
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The Iowa State University Integrated Crop Management Conference is Iowa's premier crop production education event. No other program in Iowa brings together the diverse range of topics, slate of expert presenters and results of the latest University research.
The ICM Conference offers workshops focusing on the latest in crop production technology. Experts from Iowa and surrounding states will provide research updates and results in soil fertility, soil and water management, crop production and pest management.
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Abstract
Despite the drought, the agricultural crop sector continues to record breaking crop values. Even though corn and soybean production fell dramatically in 2012, both corn and soybeans will set records in terms of the values of the crops due to the high prices being received. A decade ago, the corn crop was worth $20 billion. The 2012 corn crop is currently valued at over $80 billion. In 2002, the national soybean crop had a production value of $15 billion. The current crop is valued at nearly $45 billion. So crop agriculture continues to produce significant economic value, even as the rest of the economy has struggled to grow.