I'm kind of in shock but glad I have crop ins price supports, looks like $4.62 for corn and $11.36 for beans.
Last year prices were higher but it was a bad forecast for me then, too; I hung on for awhile and cash bids got a lot better. My small town coop prices are a lot lower than futures at the CBOT, but it's about my only good option.
Part of the problem are sanctions on Russia and the expected bumper crop. Next year is projected to be about the same.
None of mine is harvested yet. Small operation 100 ac corn; 73.2 ac beans this year and I share crop 50-50. Expenses are high. Is it worth it? Yes, so far.
Thanks for the post. Are you thinking of switching crops next year, or planting less?