Information about the current biomass state of crops is important to evaluate whether the growth conditions are adequate in terms of water and nutrient supply to determine if there is need to react to diseases and to predict the expected yield. Passive optical Unmanned Aerial Vehicle (UAV)-based sensors such as RGB or multispectral cameras are able to sense the canopy surface and record, e.g., chlorophyll-related plant characteristics, which are often indirectly correlated to aboveground biomass. However, direct measurements of the plant structure can be provided by LiDAR systems. In this study, different LiDAR-based parameters are evaluated according to their relationship to aboveground fresh and dry biomass (AGB) for a winter spelt experimental field in Dahmsdorf, Brandenburg, Germany. The parameters crop height, gap fraction, and LiDAR intensity are analyzed according to their individual correlation with AGB, and also a multiparameter analysis using the Ordinary Least Squares Regression (OLS) is performed. Results indicate high absolute correlations of AGB with gap fraction and crop height (−0.82 and 0.77 for wet and −0.70 and 0.66 for dry AGB, respectively), whereas intensity needs further calibration or processing before it can be adequately used to estimate AGB (−0.27 and 0.22 for wet and dry AGB, respectively). An important outcome of this study is that the combined utilization of all LiDAR parameters via an OLS analysis results in less accurate AGB estimation than with gap fraction or crop height alone. Moreover, future AGB states in June and July were able to be estimated from May LiDAR parameters with high accuracy, indicating stable spatial patterns in crop characteristics over time.