The preliminary farm value of Indiana field crops produced in 2022 was $11.8 billion, up 5% from 2021, said Nathanial Warenski, state statistician of the U.S. Department of Agriculture’s National Agricultural Statistics Service’s Indiana Field Office.

The total value of the state’s production increased due to higher commodity prices of corn, soybeans and wheat.

Some highlights from the annual report are:

-Corn for grain value was up 4% to $6.48 billion in 2022. The average price was $6.65 per bushel.

-Soybean value increased 8% to $4.86 billion in 2022. The average price was $14.50 per bushel.

-Wheat value was up 7% to $157 million. The average price was $8.10 per bushel.

Nationally:

-U.S. corn for grain value increased 1% to $91.7 billion in 2022.

-Soybean value in the U.S. was up 3% to $61.1 billion.

-All U.S. wheat value was up 20% to $14.6 billion.