Due to climate change, the impact of drought on field crop production is extremely important. This study focuses on the vegetation temperature condition index (VTCI), an index-based drought monitoring index that can characterize drought conditions in near real time (at ten-day intervals), and explores the applicability of different spatial and temporal data fusion schemes to it. It also proposes a field-scale VTCI fusion framework based on the Sentinel-3 VTCI calculation and the land surface temperature (LST) downscaling. First, based on analyzing the computational characteristics of VTCI, multiyear VTCI based on Sentinel data sources was obtained, which further expands the diversity of data sources for VTCI. On this basis, a combination of qualitative and quantitative methods was used to compare the applicability of two schemes: Scheme 1, based on the “blend-then-index” (BI) strategy, which first fuses normalized difference vegetation index (NDVI) and LST, and then calculated the fused VTCIs; and Scheme 2, based on the “index-then-blend” (IB) strategy, which directly fuses the VTCIs based on the calculated VTCIs. It was found that all the fused VTCIs remained highly correlated with the ten-day cumulative precipitation. Compared with the fused VTCIs obtained by Scheme 2, the VTCIs obtained by Scheme 1 were able to display more spatial details. In addition, the VTCIs of Scheme 1 were more consistent with the Sentinel-3 VTCIs, and the accuracy of field yield estimation using the fused VTCIs was higher ( $r$ of 0.58 and root-mean-square error (RMSE) of 783.27 kg/ha).