Bill Cox, Department of Crop and Soil Sciences, Cornell University
Unbeknownst to many, the value of corn, soybeans, and wheat has increased greatly in NY over the last 5 years, led by the dramatic increase in the value of grain corn. Grain corn value, which approximated $700M in 2012, averaged over $500M annually from 2008-2012 compared to just less than $200M annually from 2003-2007. The approximate 2.5-fold increase in grain corn value in NY is only exceeded by the soybean value increase.
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