Soybeans
Top-band Oilseed cash receipts from USDA ERS Farm Income & Wealth Statistics (2023), with FSA/RMA cross-checks when those releases refresh.
$46.1B cash receipts · #4 of 12 · 58% of peak $80.0B
Category: Oilseed · USDA Code: SOYBEANS
Soybeans sits in the top cash-receipt band
Among 12 commodities with national cash receipts in this ERS table, Soybeans ranks #4 at $46.1B (58% of peak $80.0B; IL leads production).
State concentration for soybeans: the top five producers (Illinois, Iowa, Minnesota, Indiana, Missouri) account for about 64456% of the national receipt total in this extract, and a drought or trade shock in any one of those states moves the national price picture within a marketing year.
As an oilseed account, soybeans sits beside crush margins and export demand that reshape state shares faster than long-cycle livestock herds. Figures follow USDA Economic Research Service Farm Income and Wealth Statistics and NASS production series, not typed editorial estimates.
Top states behind a top-band soybeans total
| Rank | State | Cash Receipts |
|---|---|---|
| #1 | Illinois | $9124.8B |
| #2 | Iowa | $7289.4B |
| #3 | Minnesota | $5017.7B |
| #4 | Indiana | $4430.3B |
| #5 | Missouri | $3851.9B |
| #6 | Ohio | $3622.2B |
| #7 | Nebraska | $3549.8B |
| #8 | South Dakota | $2740.3B |
| #9 | North Dakota | $2621.6B |
| #10 | Arkansas | $2204.4B |
| #11 | Mississippi | $1563.3B |
| #12 | Kansas | $1528.9B |
| #13 | Wisconsin | $1481.4B |
| #14 | Michigan | $1424.6B |
| #15 | Kentucky | $1419.8B |
| #16 | Tennessee | $991.3B |
| #17 | North Carolina | $903.3B |
| #18 | Louisiana | $581.0B |
| #19 | Pennsylvania | $322.6B |
| #20 | Virginia | $290.1B |
| #21 | Maryland | $262.4B |
| #22 | South Carolina | $199.5B |
| #23 | New York | $199.4B |
| #24 | Alabama | $188.1B |
| #25 | Oklahoma | $107.4B |
| #26 | Georgia | $85.2B |
| #27 | Delaware | $81.2B |
| #28 | New Jersey | $44.3B |
| #29 | Texas | $23.7B |
Questions on this high-band Oilseed
Where does Soybeans sit on national cash receipts in this table?
US soybeans cash receipts are $46.1B (#4 of 12 valued commodities, 58% of peak $80.0B). IL is the leading producing state.
Which states produce the most soybeans?
The top soybeans producing states by cash receipts are: Illinois, Iowa, Minnesota, Indiana, Missouri.
Compare another Oilseed account: Peanuts ($1.8B) · How grain & oilseed subsidies work
Source: USDA Economic Research Service, Farm Income and Wealth Statistics For informational purposes only, not financial, investment, or agricultural advice. Data may be subject to revision by the source agency.
Every figure on PlainFarmData is rendered from USDA ERS Farm Income and Wealth Statistics (state and national payments) or the USDA NASS Census of Agriculture (county farm structure), depending on the page, no number is typed in by an editor. This page draws directly on USDA ERS Farm Income and Wealth Statistics (and NASS production series where shown), no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.