The National Corn Growers Association issued a report saying corn prices have dropped about 50 percent since hitting a peak in 2022. However, the cost of production has declined only modestly, making the production of corn unprofitable. The group said despite the plunging prices, the cost of growing an acre of corn this year is down only 3.3 percent from when prices topped out in 2022.
“This is particularly problematic for farmers trying to cash flow high production costs while the corn price has tanked,” NCGA said in the report. Production of the grain is set to reach 16.742 billion bushels on a yield of 188.8 bushels per acre in the 2025-2026 marketing year. The average cost to grow a bushel of corn this year is projected at approximately $4.75 a bushel, and USDA expects farmers to receive about $3.90 per bushel, resulting in an 85-cent per bushel loss.
Read part one of the report: https://ncga.com/stay-informed/media/the-corn-economy/article/2025/08/high-production-cost-series-part-1
Read part two of the report: https://ncga.com/stay-informed/media/the-corn-economy/article/2025/08/high-production-cost-series-part-2
