NCGA analysis shows $50 per acre revenue declines for corn due to COVID-19


The National Corn Growers Association released an analysis that showed cash corn prices have declined by 16 percent on average, with several regions showing declines of more than 20 percent, since March 1 as a result of the COVID-19 outbreak. The analysis also projects a $50 per acre revenue decline for the 2019 corn crop.

“The COVID-19 pandemic is being felt across all sectors of our economy,” said NCGA President Kevin Ross. “This analysis clearly illustrates its impact on corn growers and will be beneficial as we work to ensure they have the resources needed to navigate these very difficult times.”

The analysis was based on cash corn prices as of mid-April and estimated losses would likely increase through the rest of the marketing year.