The National Corn Growers Association (NCGA) reports that U.S. farmers need additional markets now due to economic risks from the USDA’s latest projections. The August WASDE report forecasts a record 16.7-billion-bushel corn crop, with yields of 188.8 bushels per acre and a farmgate price drop to $3.90 per bushel. This is well below the estimated $4.75 production costs.

Local prices are even lower, with some expected to fall into the $2.80 to $2.90 range at harvest. NCGA leaders warn this could result in an 85-cent-per-bushel loss. This would mark a third straight year of negative margins, while production costs remain near 2022 highs.

NCGA is urging Congress and the Trump administration to pass legislation that allows year-round nationwide sales of E15 fuel. NCGA President Kenneth Hartman Jr. stressed the impact extends beyond farmers to rural communities already facing inflation and declining farm incomes.

NCGA Chief Economist Krista Swanson emphasized the urgency of boosting demand through E15 sales. It could create markets for an additional 2 billion bushels. Without expanded demand, farmers may be forced to cut land rental agreements, delay equipment purchases, or seek off-farm income. NCGA leaders argue that passing permanent E15 legislation is essential to stabilize markets and sustain rural economies.

Read more about the National Corn Growers Association’s efforts to boost E15 sales here.