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Crops account for just over half of the value of U.S. agricultural production

Crops account for just over half of the value of U.S. agricultural production
The value of agricultural production in the United States rose over most of the last decade due to increases in production as well as higher prices but fell in recent years as prices trended lower. For crops, higher yields and acreage pushed production higher in response to elevated prices from 2008 to 2012, but falling crop prices over the last 3 years led to some reduction in acreage and a 17-percent decline in the value of crop production since 2012. While livestock production increased over the decade, high feed costs and drought led to slower growth in recent years. Despite growth in production over the last year, the livestock value of production declined by 10 percent as prices fell in 2015. The pork value of production fell by 20 percent, as the Porcine Diarrhea Virus (PEDv) resulted in reduced supply. Poultry value of production declined by nearly 10 percent as a result of reduced export sales from import bans related to Highly Pathogenic Avian Influenza Virus (HPAIV).

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Last updated: Wednesday, July 20, 2016

For more information contact: Tani S. Lee