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NCGA economist warns tight margins could persist for corn producers
An economist with the National Corn Growers Association says the corn market needs more demand to move prices higher.
Gretchen Kuck tells Brownfield producers are searching for price support.
“Couple weeks ago we had our 17 billion bushel market surprise,” she said. “Things are pretty tough out there. Currently working on a $4.10 season average farm price. When you compare that to the returns farmers are getting, compared to the costs they have, it’s a really tight environment.”
She says the tight environment could continue into next year.
“We’re looking next year at probably our fourth year of negative returns for farmers. What we’re hearing from our farmers today and all over is that things are tough. They need help and assistance, preferable in the form of market demand.”
Kuck says NCGA is seeking additional market access and opportunities for producers, as well as permanent, year-round sales of E15 fuel blends.
She spoke to Brownfield at a recent NCGA trade policy academy in Knoxville, Iowa.
Gretchen Kuck Audio Interview:
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