NASHVILLE, TN – Farm losses could deepen again in 2027, increasing pressure for additional federal support across row crops, specialty crops, hay, and sugar. The American Farm Bureau Federation says every major crop analyzed is projected to remain below breakeven without assistance.
The analysis estimates that nine principal crops could lose $32 billion on average returns relative to total costs in 2027, compared with $31 billion in 2026. Corn losses are projected at $167 per acre, soybeans at $138 per acre, wheat at $145 per acre, and cotton at $406 per acre.
High fertilizer, fuel, labor, compliance, and borrowing costs continue squeezing margins. Specialty crop producers also face weak prices, acreage reductions, and limited relief, with prior assistance covering only a fraction of estimated losses.
Persistent losses threaten working capital, equipment purchases, farm employment, and rural businesses tied to production agriculture. The report says some sectors could face a seventh consecutive year of negative returns.
Congress is considering more than $11 billion in added agricultural assistance. Longer-term priorities include year-round E15, stronger risk management tools, agricultural labor reform, and faster implementation of farm safety-net improvements.
Farm-Level Takeaway: Continued losses could force more producers to reduce investment, change acreage, or leave farming.