COLLEGE STATION, Texas (RFD-TV) — High input costs are raising concerns about corn profitability as producers begin planning for next season.
Texas A&M grain marketing specialist Mark Welch says farmers are already evaluating their budgets for the 2027 crop year.
“These input costs, boy, you start putting your budget together for next year. This thing looks pretty tough. Then prices on that December 27 contract are still over $5. That’s where they need to be. If you look at an Illinois crop budget, $5 on the board doesn’t cut it. You’re looking at a loss on a per acre basis when it comes to corn. Now, these current prices do indicate a profit on soybeans that basically offsets the loss in corn. So maybe a farm that’s 50-50 corn and beans still has a positive number for the whole operation.”
Welch says diesel and gasoline expenses have taken the largest toll on many operations. Diesel prices have eased slightly from last month’s highs but remain well above year-ago levels.
