12 
BULLETIX 219, U. S. DEPARTMENT OF AGRICULTURE. 
VALUATION OF THE CROP. 
The average farm price of corn on December 1 for 10 years is given 
in Table III. These data were furnished by the Bureau of Crop Esti- 
mates. The four States of North Dakota, South Dakota, Nebraska, 
and Kansas were selected as representative of the most stable market 
conditions within the area included in these investigations. This 
table shows that the average farm price of corn on December 1 
in the four States has been 51 cents per bushel for the period con- 
sidered. 
Table III. — Average price of corn at the farm bin for 10 years in four States of the Great 
Plains area. 
[The quotations are given 
in cents 
per bushel. Those for the year 1914 
are for the date of Nov. 1; 
in other 
years Dec. 1 is taken as the date.] 
Year. 
North 
Dakota. 
South 
Dakota. 
Ne- 
braska. 
Kansas. 
Aver- 
age. 
Year. 
North 
Dakota. 
South 
Dakota. 
Ne- 
braska. 
Kansas. 
Aver- 
age. 
1905 
36 
31 
32 
33 
33 
1911 
60 
53 
55 
63 
•57i 
1906 
39 
29 
29 
32 
32i 
1912 
43 
37 
37 
40 
39i 
1907 
60 
46 
41 
44 
471 
1913 
52 
56 
65 
78 
62£ 
1908 
60 
50 
51 
55 
54 
1914 
60 
56 
60 
70 
6H 
1909 
55 
50 
50 
54 
521 
44| 
1910 
58 
40 
36 
45 
Average. 
52 
45 
46 
61 
51 
The value of corn fodder or stover is difficult to estimate. The 
average farm price of hay in North Dakota, South Dakota, Nebraska, 
and Kansas on December 1 for the 10 years ended 1913 has been 
S6.22 per ton. Very few feeding experiments are available from 
which to determine the relative values of corn fodder and hay. As 
a matter of experience and observation and from the best evidence 
obtainable, it is believed that corn stover of the quality produced in 
the dry-farming sections is worth at least two-thirds as much as hay. 
This is admittedly an estimate. The stover produced in the area 
covered by this bulletin varies widely in quality. In some cases it is 
either immature corn or corn that failed to produce ears. In those 
localities where marketable corn has been produced it is that portion 
of the crop remaining after the grain has been husked. For the sake 
of uniformity in the tables the designation "Stover" is used in all 
cases. 
Under the heading "Total cost of production," in Table IV, the 
costs are computed as fixed charges per acre for the crop in the shock. 
Values are computed on the basis of $4 per ton for the fodder or stover 
and 40 cents per bushel for the corn in the shock. The average farm 
price of corn for the past 10 years as shown in Table III has been 51 
cents per bushel in the bin. The use of the price of 40 cents in the 
shock allows 11 cents per bushel for husking, shelling, and putting 
the corn in the bin. It is believed that this is a liberal allowance. 
