2019 was not a “cheap” year for any farming operation in the state, and now the numbers bear that out.
Wisconsin farm production expenditures totaled $10.6 billion in 2019, according to the USDA, National Agricultural Statistics Service – Farm Production Expenditures 2019 Summary report. This was an increase of
5% from the 2018 total expenditures.
Feed expense, which increased 20% to $2.15 billion, represented the largest single production expense in Wisconsin in 2019, accounting for
20% of the total. Farm Services was the second largest expense category, totaling $1.47 billion and accounting for nearly 14% of the total. This was up 5% from 2018.
Meanwhile the trend of low prices on commodities continued during the covid adjusted marketing world of 2020
According to the National Ag Statistical Service, the June 2020 average price received by farmers for corn in Wisconsin was $3.16 per bushel. This was up 7 cents from May but 73 cents below the previous June.
The June soybean price, at $8.19 per bushel, was up 6 cents from May but down 3 cents from the previous June.
The June oat price was $3.37 per bushel, up 14 cents from the May price but 14 cents below June 2019.
All hay prices in Wisconsin averaged $154.00 per ton in June, down $8.00 from May and $59.00 below June 2019. The alfalfa hay price averaged $159.00 per ton in June, down $4.00 from May and $60.00 below the previous June. The other hay price averaged $123.00, down $35.00 from May and $53.00 below the June 2019 price.