Ag Prices Up in Latest Reports

The average price received by farmers for corn during February 2022 in Minnesota was $5.86 per bushel according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. 

This was 63 cents above the January price and $1.29 above February 2021. 

The February 2022 average price received by farmers for soybeans, at $14.80 per bushel, was $2.10 above the January price and $1.70 above the February 2021 price. 

The February average spring wheat price per bushel, at $9.31, was 86 cents above January and $3.61 above February 2021. 

All hay prices in Minnesota averaged $179.00 per ton in February. This was $2.00 below the January price but $55.00 above the February 2021 price. 

The February 2022 alfalfa hay price, at $193.00, was $4.00 below the previous month but $58.00 above February 2021. 

The average price received for other hay during February was $152.00 per ton. This was $1.00 below the January price but $68.00 above February last year. 

The average price for milk was $24.20 per cwt, 50 cents above the January price and $6.40 above February 2021.