State soybean crop a mixed bag in 2010
Soybeans remained the state’s most valuable row crop in 2010, bringing an estimated $821 million to growers, a 16 percent increase over the previous year.
The increase came despite a somewhat late start and a very hot, dry summer. The Mississippi Agricultural Statistics Service estimates 1.95 million acres of soybeans were harvested, yielding a state average of 39 bushels per acre. The average market year price is estimated to be $11.45 a bushel.
John Michael Riley, an agricultural economist with the Mississippi State University Extension Service, said the estimated price for 2010 is higher than the prices of recent years.
“The 2009 marketing year average price was $9.59 a bushel,” Riley said. “Acreage was slightly lower this year, so production was down just a bit. The good prices are attributed to the significant increase in estimated value.”