Live from the Big Iron Farm and Construction Show on Wednesday, Sept. 16, Kent Thiesse, farm management analyst, and Bryon Parman, NDSU farm management specialist, joined the Red River Farm Network’s “Issues and Events Center” to discuss the farm economy and the tight margins farmers are dealing with.
The conversation kicked off with both guests discussing their concerns when it comes to farm balance sheets heading into 2027.
“I think there’s certainly some positivity out there in the markets,” Thiesse said. “We’ve seen a runup in both corn and soybean prices, even wheat prices. Unfortunately, we’ve also seen a runup in input costs, as well. Fertilizer costs a year ago at this time were a big concern. They’ve kind of leveled out, but they haven’t really come down much.
“As we look forward and start running the pencil for next year, even with higher commodity prices, we’re maybe breakeven on soybeans and we’re in the red with corn based on the numbers I’ve looked at. We’re facing some tight margins without government support,” he added.
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