Hi Kevster-
Not all the data you want are available for soybeans, nor are prices
taken down to the county level. Here is what is in the North Dakota
Agricultural Statistics Database.
These are average monthly prices for the state of North Dakota, and
they are presented in dollars per hundred weight (cwt).
Soybeans
1994 June $6.15
2001 Sept 4.10
2002 June 4.56
2003 June 5.87
Sunflower (all - oil and non-oil)
All prices are for August
1994 $11.96
1995 11.30
1996 13.10
1997 10.90
1998 14.70
1999 8.43
2000 8.48
2001 9.77
2002 14.20
2003 10.80
http://www.nass.usda.gov:81/ipedb/
I also found current prices indexed to 1990-92 prices. A price index
traces the relative changes in a product over time. That is, a base
year (in this case 1990) is given the value of $100 and subsequent
increases or decreases are compared with this base to determine the
change in the level of prices.
For example, if soybeans sold for $3 a bushel in 1990, $3 becomes the
"base" or 100. Think of it as a percent, $4 = 100 percent. Then if
soybeans sold for $2 in 2000 the index number would be 50. If they
sold for $5 in 2001, the index number would be 125.
That's a very simplified explanation because the index is based on
averages and sometimes statistical "weights" are applied, but it
conveys the idea.
The Index of Prices Received for All Farm Products in August 2003 was
116 percent of the 1990-1992 base, according to the North Dakota
Agricultural Statistics Service. This is down 3 percent from last year
but 21 percent above two years ago.
The Index of Prices Received for All Farm Products in April 2003 was
104 percent of the 1990-1992 base, according to the North Dakota
Agricultural Statistics Service. This is up 11 percent from last year
and 18 percent above two years ago. The All Crops Index, at 107
percent of the base, was up 15 percent from April 2002. (1990 -92 =
100)
Index numbers for oil bearing crops (including soybeans and
sunflowers)
April 2002 86
March 2003 107
April 2003 107
In 2001, the Index of Prices Received for All Farm Products in June
stood at 87 percent of the 1990-1992 base, according to the North
Dakota Agricultural Statistics Service, down 1 percent from 2000 and
down 2 percent from 1999. The All Crops Index, at 85 percent of the
base, was down 2 percent from June 2000, while the All Livestock
Index, at 96 percent, was unchanged.
Average soybean, sunflower, pinto bean and corn profits were between
$30 and $45 per acre in 2002.
http://www.ext.nodak.edu/extnews/newsrelease/2003/050803/08bigdif.htm
Soybean prices across North Dakota were $4.95-5.18 on Aug. 18
according to grainline.com.
http://www.farmandranchguide.com/articles/2003/08/26/ag_news/markets/market03.txt
Some other information you may wish to consider:
According to North Dakota State University, on average, net farm
income for North Dakota farms outside of the Red River Valley
rebounded to $44,214 from $32,408 in 2001. However, profit remained
below the $52,500 average during 1999-2000, according to Andrew
Swenson, a farm management specialist with the NDSU Extension Service.
Profit varied greatly within the state by geographic region and type
of farm. Net farm income flip-flopped for much of the state relative
to 2001 when the southern third of the state had much better profit
than north-central and parts of east-central North Dakota. In 2002,
net farm income for the area most impacted by drought, roughly the
southern one-third of the state lying west of Stutsman County, was cut
more than one-half from about $49,000 to $23,000. Crop insurance
income prevented greater loss. However, farms in north-central North
Dakota doubled income from $26,000 to $52,000. Farms in the
east-central area also saw a strong increase in profit. For example,
average profit of 74 farms in Foster, Wells, Eddy and Stutsman
counties increased from $20,000 to $56,000.
http://www.ext.nodak.edu/extnews/newsrelease/2003/050803/08bigdif.htm
Search strategy: "North Dakota" AND crop prices/farm
prices/agricultural statistics; soybean/sunflower prices;
Nellie Bly
Google Answers Researcher |
