The $5 Billion Corn States
The USDA has reported that there were five corn states in 2011 that generated over $5 billion in corn sales:
- Iowa – $14.5 billion
- Illinois – $12.3 billion
- Nebraska – $9.4 billion
- Minnesota – $7.0 billion
- Indiana $5.3 billion
These five states generated 63.4% of all corn sales in the US for 2011. The states of Ohio, South Dakota and Wisconsin each generated between $3 and $4 billion of corn sales.
For soybeans, the US only had one state over $5 billion and that was Iowa at $5.5 billion with Illinois at $4.95 billion. The top three corn states generated more in sales than all of the US soybean production of $35.8 billion.
There were only four wheat states that generated over $1 billion in sales:
- Kansas $2.0 billion
- North Dakota $1.7 billion
- Montana $1.3 billion
- Washington $1.1 billion
Iowa generated more in corn sales at $14.5 billion than the whole US wheat crop of $14.4 billion.
We can see why corn is king in the US based on these statistics.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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