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Start crunching the numbers for 2027

A pair of ag economists say it’s time to start planning for the 2027 crop.   

Allen Featherstone with Kansas State University says producers should start budgeting for next year’s crop and include government assistance they receive this year, including supplemental aid, ARC and PLC payments. “Whether that be for input prices, marketing plans, you should take advantage of the payments coming to help better position your farm for 2027.  

Gary Schnitkey with the University of Illinois says farmers should start finalizing input decisions in September. “In the Midwest, we’ll start talking about nitrogen and pricing that out. I don’t see how it can’t be a lot higher than it was last year at this time.”

He tells Brownfield that could impact acreage decisions. “Let’s pencil out if we should stay at the same rotation or move heavily toward soybeans and see where the break evens are.”

The economists say flexible crop budgets help producers evaluate different scenarios and improve decision making.

Allen Featherstone:

Gary Schnitkey: