“Farmer returns likely are negative for cash rented farmland, given that costs are near average,” he says. “Farmer returns for share rented farmland likely will be low.”
Writes economist Dan O’Brien of Kansas State University at his blog, “Absent an unforeseen major downturn in 2014 U.S. corn production…it seems likely that U.S. corn markets are moving toward a low price period similar to the fall of 2008, a marketing year in which U.S. corn prices were at or below $4.00 per bushel for at least a moderate period of time.” O’Brien says the corn crop is likely to total a record 14.64 billion bushels, or 6 percent larger than USDA projects.