Missouri Farmers produced more than 435 million bushels of corn in 2013, up 76 percent from 2012, at an average yield of 136 bushels an acre last year, up from 75 bushels in 2012, according to the U.S. Department of Agriculture. The numbers exceeded the department’s August forecast, which predicted an average yield of 130 bushels per acre for Missouri. Soybean production rose 25 percent to an estimated 197 million bushels.
The results came as a surprise to some experts after a wet spring and dry summer. The wet start caused many farmers to plant late.
Although the increased production was a pleasant surprise, it coincides with a predictable and significant drop in corn prices. In December 2013, corn sold for $4.40 per bushel, compared to $7.41 per bushel in December 2012, Maliszewski said.