American farmers continue to face mounting financial pressure as inflation, weak commodity prices and rising production costs squeeze profit margins, according to a new analysis from the American Farm Bureau Federation.
The organization projects major row crop producers could face $32 billion in losses in 2027, following an estimated $31 billion in losses in 2026.
According to the report, producers of corn, soybeans, wheat and cotton are expected to remain below break-even levels as production expenses continue to outpace commodity prices.
Farm Bureau economists also point to ongoing struggles for specialty crop growers. The analysis estimates more than $7 billion in losses in 2025 for producers of crops including apples, blueberries, potatoes and other fruits and vegetables.
American Farm Bureau Federation President Zippy Duvall said the financial strain extends beyond individual farm operations.
"Every farm loss takes with it generations of knowledge, community leadership and the heartbeat of local economies," Duvall said.
The Farm Bureau is urging Congress to provide both immediate and long-term support for agriculture. The organization is calling on lawmakers to deliver market relief while advancing a new farm bill, strengthening agricultural risk management programs and expanding year-round sales of E15 gasoline to increase demand for corn-based ethanol.
Farm Bureau leaders say those policy changes are critical to helping farmers weather continued economic challenges and maintain the long-term viability of U.S. agriculture.