By Jamie Martin
The National Corn Growers Association (NCGA) today released its economic outlook for 2026 outlining six key forces expected to drive corn prices and farm margins in the year ahead. The forecast underscores the need for new and expanded markets for corn growers.
According to report author and NCGA Chief Economist Krista Swanson, the report shows, U.S. corn production is increasing with sustained high corn acres and productivity gains. Global corn production is at a record and growing. Without a shift in demand, rising domestic and global corn supply adds downward pressure on corn prices for U.S. farmers unless new demand materializes.
Corn acreage remains historically high following record plantings in 2025. Early projections suggest strong acreage again in 2026, keeping supply levels high across global markets. At the same time, production costs remain near record levels. The average cost to plant corn in 2026 is projected at $917 per acre. Expected corn prices of $4.10 per bushel could leave many farmers operating at a loss for another year.
Fertilizer prices continue to affect farm budgets. Global market disruptions and international conflicts are limiting supply and keeping fertilizer prices elevated.
Interest rate policies also play a role. Changes by the Federal Reserve may influence farm loans, equipment purchases, and overall demand for corn through fuel and livestock markets.
Trade remains a top priority. USMCA supports a major share of U.S. corn exports, and NCGA is urging renewal of the agreement to protect this key market.
Ethanol expansion is viewed as one of the strongest growth opportunities. NCGA is pushing for approval of E15 fuel to increase near term corn demand while exploring long term uses in aviation fuel, shipping, and renewable materials. Strong trade policy and expanded ethanol markets may help improve future stability for U.S. corn growers.
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Categories: National