As spring planting gears up across the country, the Department of Agriculture’s Risk Management Agency has determined crop insurance prices for 2026. Faith Parum, an economist with the American Farm Bureau Federation, has details on three major crops.

"For 2026, spring prices were finalized at approximately $4.62 per bushel for corn, $11.09 per bushel for soybeans, and $6.19 per bushel for wheat," Parum said. "Of course, there are other crops that have been finalized. Spring prices are set by the future prices through the month of February for these crops, and so this will be helpful in determining the coverage levels for crop insurance."

Parum said these are slight changes from what farmers saw in spring 2025.

"So, for corn, we see a price that's down about 1.7 percent. We also see prices for wheat being down about 5.5 percent, while soybean prices are up," Parum said. "It's important to know that this is the spring price, and so we'll have to wait to see what the harvest price looks like in the fall to know what coverage will be for crop insurance."

Parum said farmers have a stronger safety net this year, thanks in part to the updates in last year’s One Big Beautiful Bill Act.

"There are other risk management tools like ARC and PLC. ARC county prices this year will be set at $5.03 for corn, $12.17 for soybeans, and $6.98 for wheat," Parum said. "There's also PLC (which) is set by the breakeven price. And so, these will provide a great and strong safety net for our farmers across the country."

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