United States yearbook - 1982 (1)

Corn 6 8 1
N o . 1 2 0 3 . C o r n — S u p p l y , D i s a p p e a r a n c e , a n d P r i c e S u p p o r t : 1 9 6 0 t o 1 9 8 1
[In millions of bushels, except as noted. For years beginning October]
ITEM 1960 1965 1970 1974 1975 1976 1977 1978 1979 1980 1981,
prel.
Supply, total.............................................. 5,695 5,251 5,161 5,187 6,204 6,692 7,394 8,381 9,244 8,263 9,236
Production......... ............................................... 3,907 4,103 4.152 4,701 5,841 6,289 6,505 7,268 7,939 6,645 8,201
Imports 1................. 1 1 4 2 2 3 3 1 1 1 1
Carryover slocks, Oct 1 1,787 1,147 1,005 484 361 400 886 1,111 1,304 1,617 1.034
Disappearance, total................................. 3,679 4,409 4,495 4,826 5,804 5,805 6,282 7,077 7,627 7,229 7,600
Domestic........................................................... 3,387 3,722 3,978 3,677 4,093 4,121 4,334 4,944 5.194 4,874 5,250
Feed and residual. 3,092 3,362 3,593 3,226 3,570 3,571 3,744 4,324 4.519 4,139 4,400
Food, industry, and seed................................ 295 360 385 451 523 550 590 620 675 735 850
Exports 1................. 292 667 517 1,149 1.711 1,684 1,948 2.133 2,433 2,355 2,350
Price support operations:2
Support or target price (dol. per bu.)3............ 1.06 1.25 1.35 1.38 1.38 1.57 2.00 2.10 2.20 4 2.35 2.40
National avg. loan rate (dol. per bu.).............. 1.06 1.05 1.05 1.10 1.10 1.60 2.00 2.00 2.10 s2.25 *2.40
Quantity placed under loan........ 637 215 323 77 147 275 1,155 642 558 840 1,965
Percent ol production............ 16 5 8 2 3 4 18 9 7 13 24
’Includes grain equivalent ol corn products. * See text, p. 648. 3 Guaranteed on normal production from participating
farms. 4Target price was $2.05 if producer was not in compliance with his normal crop acreage. 5 National average loan
rate for com put into farmer-owned reserve because of grain embargo was $2.40 per bushel. National average loan rate for
corn put into farmer-owned reserve was $2.55 per bushel.
Source: U.S. Dept, of Agriculture, Economic Research Service, F e e d S itu a tio n , quarterly, and A g ric u ltu ra l Su p p ly a n d D e m a n d
E s tim a te s , annual. Also in A g ric u ltu ra l S ta tis tic s , annual.
N o . 1 2 0 4 . C o r n f o r G r a i n — A c r e a g e , P r o d u c t i o n , a n d V a l u e , b y S t a t e s : 1 9 7 9 t o 1 9 8 1
[See H is to ric a l S ta tis tic s , C o lo n ia l T im e s to 1 970, series K 502-505, for U.S. data on corn for ail purposes]
STATE
ACREAGE HARVESTED
(1,000 acres)
1979 1980
1981,
prel.
YIELD PER ACRE
(bu.)»
1979 1980 1981,
prel.
PRODUCTION
(mil. bu.) 1
1979 1980 1961,
prel.
FARM VALUE
(mil. dol.)
1979 1980
1981,
prel.
PRICE 3
(dol. perbu.)
1980 1981,
prel.
Total................. 72,400 73,030 74,624 110 91 110 7,939 6,645 8,201 19,904 20,571 20,001 3.11 2.45
Ala........................ 502 423 620 61 36 55 31 15 34 90 55 95 3.60 2.80
Calif...................... 260 270 275 117 135 130 30 36 36 99 148 122 4.05 3.40
Colo...................... 760 760 790 127 118 137 97 90 108 244 274 271 3.05 2.50
Del........................ 159 177 181 102 72 83 16 13 15 47 47 48 3.68 3.20
Fla........................ 339 328 327 53 47 55 18 15 18 51 52 51 3.40 2.85
Ga......................... 1,550 1,300 1,380 65 42 50 101 55 69 288 188 190 3.45 2.75
Ill.......................... 11,050 11,460 11,260 128 93 129 1,414 1,066 1,453 3,635 3,347 3,631 3.14 2.50
Ind........................ 6,030 6.2B0 6,000 112 96 109 675 603 654 1,722 1,905 1,537 3.16 2.35
Iowa..................... 13,100 13,300 13,700 127 110 127 1,664 1,463 1,740 4,026 4,345 4,089 2.97 2.35
Kans..................... 1,470 1,180 1,260 117 94 126 172 111 159 432 368 405 3.32 2.55
Ky 1,300 1,480 1,490 102 70 100 133 104 149 361 347 373 3.35 2.50
Md 595 640 690 99 72 105 59 46 72 167 169 239 3.66 3.30
Ml* h 2,500 2,600 2,850 95 95 96 238 247 274 ’584 753 643 3.05 2.35
Minn 6,060 6,290 6,770 100 97 110 606 610 745 1,370 1,739 1,676 2.85 2.25
Me 2,330 2,070 1,940 103 53 110 240 110 213 583 358 512 3.26 2.40
Neb 7,150 7,100 6,980 115 85 115 822 604 803 1,990 1,835 2,007 3.04 2.50
N.Y....................... 650 730 800 92 93 93 60 68 74 162 233 186 3.43 2.50
N.C....................... 1,690 1,730 1,830 76 60 77 128 104 141 365 351 373 3.38 2.65
N Dak 313 290 513 76 56 81 24 17 42 51 48 96 2.87 2.30
Ohio..................... 3,630 3,900 3,750 115 113 96 417 441 360 1,090 1,379 882 3.13 2.45
Pa......................... 1,260 1,280 1,400 95 75 96 122 96 134 361 348 349 3.62 2.60
S.C....................... 509 515 570 BO 48 58 41 25 33 118 77 81 3.12 2.45
S. Dak.................. 2,850 2,300 2,580 74 53‘ 70 211 122 181 437 346 397 2.84 2.20
Tenn..................... 620 640 640 85 46 86 53 29 55 150 103 149 3.49 2.70
Tex ........ 1,260 1,300 1,090 105 90 117 132 117 128 373 402 370 3.44 2.90
Va ........ 615 595 625 83 55 90 51 33 56 144 114 152 3.48 2.70
Wis...................... . 3,080 3,350 3,500 103 104 106 317 348 378 771 1,031 851 2.96 2.25
Other.................... 748 742 813 90 77 95 67 57 77 193 209 226 (X) (X)
X Not applicable. 156 pounds per bushel. 2Season average price received by farmers. State prices weighted by sales to
obtain U.S. prices. Includes an allowance for loans outstanding and purchases by the government valued at the average loan and
purchase rate, by States.
Source: U.S. Dept, of Agriculture, Statistical Reporting Service, C ro p P ro d u c tio n , annual, and C ro p V alue s, annual.