NDSU Extension has released its crop budget projections for 2025. Farm Management Specialist Ron Haugen warns that the year ahead will be tough. “Things aren’t going to be quite as good as the previous years.” While fuel and interest costs have dropped, equipment repairs and ownership expenses continue to rise. Lower crop insurance premiums offer some relief, but low commodity prices remain a major concern. “Expenses leveled off some, but the commodity prices are low and you just can’t really make enough with an average yield to cover your costs.” Haugen encourages farmers to use the projections as a guide for planning their own budgets to navigate the financial challenges ahead. Click here to see the full report.
