Corn and Soybean Farmers Face Financial Pressures Despite Price Gains
Financial pressures persist for corn and soybean farmers despite recent improvements in commodity prices. According to a survey of over 1,200 growers conducted by Farm Journal, nearly two-thirds are moderately or very concerned about the farm economy.
The National Corn Growers Association and American Soybean Association report that 46% of farmers say they are more concerned about their farm financial situation than they were a year ago. The survey found that recent grain price improvements have not eliminated concerns about high input costs, with growers citing little room to absorb additional increases in production expenses for the upcoming 2026 crop.
NCGA Chief Economist Krista Swanson notes that stronger corn prices can improve sentiment, but farm profitability doesn’t reset with one market move or crop year. ASA Chief Economist Scott Gerlt emphasizes how little margin for error farmers have, highlighting the high cost of putting a crop in the ground.