2019 Crop Budgets Suggest Dismal Corn and Soybean Returns

Due to lower soybean prices and higher costs, budgets suggest returns will be very low for corn and soybeans in 2019.  Conserving cash, cutting investments, reducing costs, and renegotiating cash rents should be aggressively pursued.  If prices do not increase, the budgets indicate it is unlikely that farmers will be able to generate profits on rented farmland in 2019.