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USDA ERS 2025 costs · NASS yields & prices

Kentucky corn break-even price

On USDA's numbers, Kentucky corn has to sell for about $5.14 a bushel to cover every cost, and $3.66 just to pay the year's operating bills and rent. The 2025 marketing-year average Kentucky farmers actually got was $4.55: $0.59 a bushel short, or about $103 an acre.

Full-cost break-even
$5.14/bu
$904/acre ÷ 176 bu
Cash-cost break-even
$3.66/bu
Operating costs + rent only
State price received
$4.55/bu
NASS, 2025 marketing-year avg
Return over full cost
−$103/acre
At the state price and average yield
Your assumptions

Run your numbers

Loaded with Kentucky figures: the Heartland ERS 2025 cost budget, the NASS 2021–2025 average yield and the 2026 state cash rent. Swap in your own records. Nothing entered here leaves your browser.

Planning output

What the assumptions produce

Break-even price
—

Required average price per bushel at the entered yield.

Total cost
—

All entered per-acre costs combined.

Enterprise cost
—

Total cost across the entered acres.

Expected production
—

Entered acres multiplied by expected yield.

Compare your result with the 2025 marketing-year Kentucky price received.

The cost stack

What an acre of Kentucky corn costs

ERS budgets by region, not state. 70% of Kentucky's corn acres sit in the Heartland region, so that is the budget used here. Per-bushel figures divide by the 176 bu average yield.

Line (2025)$/acre$/bu
OperatingSeed$122$0.69
OperatingFertilizer$184$1.04
OperatingChemicals$50$0.28
OperatingCustom services$38$0.22
OperatingFuel, lube & electricity$26$0.15
OperatingRepairs$47$0.27
OperatingInterest on operating capital$9$0.05
OverheadMachinery & equipment capital recovery$173$0.98
OverheadUnpaid (family) labor$32$0.18
OverheadHired labor$4$0.02
OverheadTaxes & insurance$22$0.12
OverheadGeneral farm overhead$29$0.16
LandCash rent (NASS 2026)$170$0.97
Total$904$5.14

Looking ahead: ERS forecasts U.S. corn operating costs at $473/acre for 2026, 3.8% above the 2025 U.S. actual of $456.

Yield risk

How the floor moves with yield

The same $904 cost stack spread over different yields. A short crop raises the floor even when nothing else changes.

Yield casebu/acreFull costCash cost$/acre at $4.55
20% short140.8$6.42$4.58−$263
10% short158.4$5.71$4.07−$183
2021–2025 average176$5.14$3.66−$103
10% above193.6$4.67$3.33−$23
2025 final167$5.41$3.86−$144
2026 NASS Oct forecast193$4.68$3.34−$26
NASS final yields

Kentucky corn yield and price history

YearYield, bu/acrePrice receivedPlanted acres
2025
167
$4.551,520,000
2024
178
$4.551,370,000
2023
187
$4.751,600,000
2022
156
$6.721,420,000
2021
192
$5.791,530,000
2020
184
$4.521,470,000
2019
169
$3.921,550,000
2018
175
$3.841,330,000
2017
178
$3.691,320,000
2016
159
$3.741,500,000

2026 is still a forecast: NASS's Oct estimate is 193 bu/acre. Final yields come with the annual summary in January.

Price received is the NASS marketing-year average for the state; — = not yet published.

Corn break-even, top 15 states

Lowest full-cost floor first. Kentucky ranks #8.

  1. 1Illinois$4.72
  2. 2Nebraska$4.74
  3. 3Indiana$4.88
  4. 4Iowa$4.90
  5. 5Ohio$4.91
  6. 6Minnesota$5.04
  7. 7Wisconsin$5.08
  8. 8Kentucky$5.14
  9. 9Michigan$5.17
  10. 10South Dakota$5.27
  11. 11Missouri$5.30
  12. 12North Dakota$5.38
  13. 13Kansas$5.61
  14. 14Colorado$5.88
  15. 15Texas$5.89
Compare all corn states →
Sources & method

Where these numbers come from

  • Costs per acre come from the USDA ERS Commodity Costs and Returns accounts for 2025, the latest year with actual (not forecast) figures. ERS reports by Farm Resource Region, not by state. Each state uses the region that holds at least half of its planted acres for that crop, measured from NASS county acreage and the ERS county-to-region file. If no region with an ERS budget clears half, we use the U.S. average and say so.
  • Overhead is ERS's allocated overhead minus its land charge: machinery and equipment capital recovery, unpaid family labor, hired labor, taxes and insurance, and general farm overhead. The cash-cost floor keeps only operating costs and rent and drops all of overhead: roughly what it takes to pay this year's bills, not to replace the machinery.
  • Land is the NASS state average cash rent for cropland from the Cash Rents Survey, in place of ERS's regional land charge. Owned ground carries an opportunity cost too, so we charge rent either way.
  • Yield is the five-year average of NASS final state yields from Quick Stats. NASS reports yield per harvested acre and ERS reports costs per planted acre, so where acres get abandoned (dryland wheat especially) the real floor sits higher than shown. Current-year NASS forecasts are shown for context and are not used in the averages.
  • Price is the NASS marketing-year average price received in the state. It is what farmers were paid on average, not a forecast and not your local basis.
  • A state average is not your farm. Use your own yields, inputs and rent in the calculator. This is a planning estimate, not financial, lending or marketing advice.

Data last refreshed October 9, 2026.