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 | ||||||||