Responding to crippling input costs, Alex Harrell slashes his cropland in half and predicts significant U.S. acres may be bare come spring.
How deep is the farm crisis? Adios to acreage.
In November 2025, Alex Harrell, among the most highly reputed producers in the U.S., dropped an old-school grading scale, A to F, across his 6,000-acre operation and slashed almost half his ground, notifying 12 landlords in a three-week window. “I can’t speak to the rest of the country, but around here, generational growers are either cutting back, quitting, falling into Chapter 12, or grasping at straws.”
Spurred by crippling inputs, Harrell’s acreage drop is an alarming indication of an agriculture economy in dire straits. “There will be significant acres in my area that won’t be planted next year,” he says. “I’m seeing it with my own eyes in real time.”
“People don’t realize there was ground here in 2025 that didn’t get planted, but you can already see what’s developing for 2026. Guys are walking away.”
Down Comes the Ax
No fat left to trim. Nothing to burn but muscle. No way to outyield cold math.
“Something has to give when you go three years and more just spinning your wheels on net profit,” Harrell, 36, explains. “The numbers aren’t complicated. When fertilizer, chemical, and machinery costs go up 300% over a short span of time, everything is upside down, especially when commodities go in the tank.”
In 2025, Harrell grew 6,000 acres of corn, soybeans, cotton, and wheat in southwest Georgia’s Lee County. “Breaking even is bad enough in farming, but we’re all way below that around here. We are literally paying to farm—not getting paid to farm. Every year, it costs more to farm input-wise, and unless something changes with these retailers, I don’t see things changing. Based on that, I took a long look at my operation.”
(Photo by Chris Bennett)
But what to do when there’s nothing left to cut on the farm? Cut the farm itself.
In November 2025, Harrell put his leased acreage under the microscope, under a seven-category lens subject to grades A through F:
1. How many miles away was the land?
2. How productive is the soil?
3. What was the water source (pond, creek, or well)?
4. How was irrigation powered (electric or diesel)?
5. On base acres, how productive was the farm related to PLC and ARC?
6. How did wildlife depredation factor for deer and wild pigs (and whether landowners allowed for shooting with deer permits)?
7. How much was rent?
Harrell axed any piece of ground that scored C through F in more than two categories. The reduction totaled 45% of his crop ground.
“It’s pretty straightforward. The only way I could figure out to make things work was to break down those farms individually and grade them on a scale. Then I dropped the ones that didn’t pass—and that included the very first irrigated farm I ever rented, and ground we’ve put 16, 17 crops on that I’ve been working for years. It was time to turn them loose. Like I said, that’s how bad the farm economy is around here. In some ways, I think the worst part is still to come, but people don’t realize that yet.”
No Bidding War
Harrell’s acreage chop may go deeper. “I’ve still got considerations to make on some farms. I’ve still got ground flirting on the line. I may have to make more calls to landlords.”
Rent on irrigated ground in Harrell’s region typically runs $275-330 per acre. How did his landlords react when he dropped acres?
“I had one that offered to drop rent a little bit, but I understand because they’re used to having 10 guys sitting there waiting to rent that land. In my opinion, I don’t think they understand the shifting dynamic of the farm economy. This time, people are not going to be beating their doors down. I’m not saying their particular acres won’t get rented, but there’s definitely not going to be a bidding war.”
“Even last year in 2025, there was irrigated land down here that didn’t get worked. In 2026, there’ll be even more. I can’t speak for anyplace else in the U.S., but in southwest Georgia, this is what we’re seeing in farmland, especially marginal ground. It’s already happening.
Yield Forfeit
Prior to Harrell’s acreage slash, his operation stretched 21 miles east, 30 miles west, 15 miles north, and 15 miles south.
“I tightened the circle. I think my furthest farm is only going to be about 10 miles from me now. When you look at fuel, labor, time, and insurance involved in running up and down the road, that kills you whenever you put a tractor on a highway.
“Next, I’ve got to consider equipment and labor cuts to drop our insurance at least a little, at the same time keeping my eye on the fine line where I’ve got to keep enough acres to spread equipment over.”
Getting bigger and going longer is out—at least for Harrell. “Yeah, that’s how I used to think: Just go across more acres, make inputs cost less, and that’ll solve everything. Not anymore. What people come to see is that spreading too far in the Southeast means that nine times outta ten, you forfeit yield, because there’s no way to look after your crops like they need.”
Translated: Irrigation, weed control, repeated fungicide applications, labor logistics, and host of other management practices create a never-ending game of catch-up.
“There are Midwest farmers out there on big, big acres that do a fantastic job, but in the Southeast, we can’t get behind a single day on irrigation, or we lose yield,” Harrell notes. “Then factor in all the other aspects people don’t think about—like wildlife damage from deer and hogs, and countless spray trips across the field—and things get really complicated. I don’t think it’s an exaggeration to say a 15,000-acre operation in the Midwest compares to a 5,000-acre in the Southeast as far as demand on a farmer. That doesn’t mean anybody is better or worse, but it sure means things are very different.”
Walking Away
On Aug. 13, 2024, Alex Harrell fired the soybean shot heard round the farm world with a bin-busting 218.28 bushels per acre, shattering his own world record of 206.79 bushels set in 2023. Back to back, he grew the highest yielding soybeans in history.
Harrell has a tight grasp on agronomics, crop management, and bottom-line financials. The extreme rub endured by growers over successive years is down to the bone, he warns.
“We can grow most any variety of crop in the world right here, but we’re at the point of seeing what happens when none of them will turn a profit due to the crazy input prices. We’ve now got guys with all their land and equity burned up, and we’re seeing Chapter 12 bankruptcies every day. Guys are quitting and walking away, and that eventually leads to land that doesn’t get picked up. That’s how terrible things have gotten, even if some people don’t see it yet. Cropland with no crop.”
For more from Chris Bennett (@ChrisBennettMS or [email protected] or 662-592-1106), see:
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Corn and Cocaine: Roger Reaves and the Most Incredible Farm Story Never Told
How the Deep State Tried, and Failed, to Crush an American Farmer
Game of Horns: Iowa Poacher’s Antler Addiction Leads to Historic Bust
Ghost Cattle: $650M Ponzi Rocks Livestock Industry, Money Still Missing
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