Preliminary outlook: Possible cost pressures in 2026 reinforce drive to find efficiencies

While harvest is far from being done across the country, it’s not too early to start thinking about profitability for next year. Prices and expenses are always top of mind for farmers. Although input costs have decreased from their peak in 2022, they have remained elevated and are once again trending higher. Unlike 2022, when rising crop input costs were offset by strong commodity prices, 2026 is shaping up very differently. Crop prices are forecast to trend in the opposite direction, squeezing margins and impacting productivity. This pressure is compounded by global trade disruptions, including the tariffs on Canadian canola and peas by China.

With margins under pressure, managing costs is more important than ever. While trade and geopolitical issues are largely out of your control, focusing on what is within your control can make a difference. Decision aids, agronomic advice and other value-added support from input suppliers can help farmers make better decisions, improve efficiency, and boost revenue.

Below is our first look at the factors impacting the crop input market for 2026, which is intended to help farmers plan for the year ahead.

Crop input costs expected to rise again in 2026

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