Looking ahead to the 2025 corn crop, one company says the cost to raise that crop is down. Farmers National Company says 2025 crop inputs are expected to see a slight reduction compared to 2024. While some farms may experience increased costs for specific reasons, such as adding lime, improving drainage, or boosting fertility, the overall picture suggests a decrease in expenses for most farms.
The reduction is primarily anticipated in fertilizer, crop insurance, and interest costs. Seed, chemicals, equipment, labor, and the cost of land are expected to remain stable. FNC expects fertilizer costs to decrease by up to 10 percent. Crop insurance costs are expected to be down in 2025 based on current commodity prices for next year. Interest rates have decreased slightly, with further reductions expected in 2025.
As always, FNC says these expectations are based on no major disruptions from weather, worldwide events, or farm bill changes.