Business & Policy
Montana’s wheat crop valued at $1.7 billion
February 21, 2013
By Janet Kanters
Feb. 21, 2013 - For the fifth time in six years, Montana's wheat crop is valued at more than $1 billion, a rarely reached benchmark that has some farmers anxious about what could be next.
Analysts have put the 2012 wheat crop value at $1.7 billion, a continuance of a $1 billion streak that began in 2007 and was only missed once since, according to the Montana bureau of the National Agricultural Statistics Service.
Farmers harvested 194.7 million bushels of wheat from 5.5 million acres in 2012. The acres harvested were the most in a decade. The bushels harvested were the second most since 2001. The crop value was the most significant. Before 2007, the highest value for Montana wheat was $693 million.