By Ron Haugen
Planning for the future can be a very frustrating process, especially in times of market volatility. Planning typically pays high dividends. For most farm and ranch managers, developing realistic commodity price expectations is one of the most difficult and complex tasks of the planning process.
To make the planning process easier, North Dakota State University Extension has released its 2026 short- and long-term agricultural planning price projections for North Dakota.
“Estimating short-term planning crop prices is more important than ever," says Ron Haugen, NDSU Extension farm economist. “Price projections should be used as a guide in setting expectations for the 2026 production.”
These planning prices can be used for preparing annual enterprise budgets and annual whole-farm cash flow projections.
“Cash flow projections are very critical with today's tight margins," adds Haugen.
Source : ndsu.edu