| Table 16. Corn farm prices and loan rates in the U.S. | ||||||||
| ($/bu) | (1/rate) | |||||||
| year | Farm price Average | Loanrate | ||||||
| 1981/82 | 2.50 | 2.40 | ||||||
| 1982/83 | 2.55 | 2.55 | ||||||
| 1983/84 | 3.21 | 2.65 | ||||||
| 1984/85 | 2.63 | 2.55 | ||||||
| 1985/86 | 2.23 | 2.55 | ||||||
| 1986/87 | 1.50 | 1.92 | ||||||
| 1987/88 | 1.94 | 1.82 | ||||||
| 1988/89 | 2.54 | 1.77 | ||||||
| 1989/90 | 2.36 | 1.65 | ||||||
| 1990/91 | 2.28 | 1.57 | ||||||
| 1991/92 | 2.37 | 1.62 | ||||||
| 1992/93 | 2.07 | 1.72 | ||||||
| 1993/94 | 2.50 | 1.72 | ||||||
| 1994/95 | 2.26 | 1.89 | ||||||
| 1995/96 | 3.24 | 1.89 | ||||||
| 1996/97 | 2.71 | 1.89 | ||||||
| 1997/98 | 2.43 | 1.89 | ||||||
| 1998/99 | 1.94 | 1.89 | ||||||
| 1999/00 | 1.82 | 1.89 | ||||||
| 2000/01 | 1.85 | 1.89 | ||||||
| 2001/02 | 1.97 | 1.89 | ||||||
| 2002/03 | 2.32 | 1.98 | ||||||
| 2003/04 | 2.42 | 1.98 | ||||||
| 2004/05 | 2.06 | 1.95 | ||||||
| 2005/06 | 2.00 | 1.95 | ||||||
| 2006/07 | 3.04 | 1.95 | ||||||
| 2007/08 | 4.20 | 1.95 | ||||||
| 2008/09 | 4.06 | 1.95 | ||||||
| 2009/10 | 3.55 | 1.95 | ||||||
| 2010/11 | 5.18 | 1.95 | ||||||
| 2011/12 | 6.22 | 1.95 | ||||||
| 2012/13 | 6.89 | 1.95 | ||||||
| 2013/14 | 4.46 | 1.95 | ||||||
| 2014/15 | 3.70 | 1.95 | ||||||
| 2015/16 | 3.61 | 1.95 | ||||||
| 2016/17 | 3.36 | 1.95 | ||||||
| 2017/18 | 3.36 | 1.95 | ||||||
| 2018/19 | 3.61 | 1.95 | ||||||
| 2019/20 | 3.56 | 2.20 | ||||||
| 2020/21 | 4.53 | 2.20 | ||||||
| 2021/22 | 6.00 | 2.20 | ||||||
| 2022/23 | 6.54 | 2.20 | ||||||
| 2023/24 | 4.55 | 2.20 | ||||||
| 2024/25 | 4.25 | 2.20 | ||||||
| Source: | https://www.ers.usda.gov/data-products/feed-grains-database/feed-grains-yearbook-tables | |||||||
| Last update | ||||||||
| 1/15/2025 | ||||||||