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High Plains Ag Week – 5/31/23 – Dual-Purpose Annual Forage Insurance Program

May 31, 2023 by pancho.abello

(Sam Craft/Texas A&M AgriLife Marketing and Communications)

With summer approaching, it’s time to consider the Dual-Purpose Annual Forage Insurance Program for our next season’s wheat operations (deadline: July 15). The program has shown long-term positive results for wheat producers in many places in Texas. In today’s blog, we’ll discuss the features and advantages of this program, highlighting how it can benefit farmers across the state. [Read more…] about High Plains Ag Week – 5/31/23 – Dual-Purpose Annual Forage Insurance Program

Filed Under: Business Management, Crops, Forage, High Plains Ag Week

High Plains Ag Week – 5/17/23 – May WASDE Review

May 19, 2023 by casey.matzke

Last week, USDA released its May WASDE report which includes USDA’s first projections for the 2023/24 crop year.  Today we will review what this report has to say about wheat, corn, sorghum, and cotton this year.

[Read more…] about High Plains Ag Week – 5/17/23 – May WASDE Review

Filed Under: Uncategorized

High Plains Ag Week – 5/3/23 – Machinery Management

May 4, 2023 by casey.matzke

The costs associated with owning and operating machinery represent a large proportion of the total production costs for many farm operations.  In this post, we will look at the costs associated with machinery ownership as well as the options available to farm managers for obtaining access to machinery services.

[Read more…] about High Plains Ag Week – 5/3/23 – Machinery Management

Filed Under: Business Management, High Plains Ag Week, Marketing Plan

High Plains Ag Week – 4/26/23 – Program Cattle

April 26, 2023 by pancho.abello

(Courtney Sacco/Texas A&M AgriLife Marketing and Communications)

Are you looking to market your calves in a “program cattle” but unsure if the added costs outweigh the benefits? Today, we will discuss the potential benefits of implementing these programs in your operation and how you can evaluate whether it fits you well. [Read more…] about High Plains Ag Week – 4/26/23 – Program Cattle

Filed Under: Cattle, High Plains Ag Week, Livestock, Marketing Plan, Risk Management, Uncategorized

High Plains Ag Week – 4/19/2023 – Basis and How to Manage It

April 19, 2023 by casey.matzke

In this post, we look at commodity basis and discuss how understanding a commodity’s basis can help you as you develop a marketing plan.

 

 

[Read more…] about High Plains Ag Week – 4/19/2023 – Basis and How to Manage It

Filed Under: Business Management, Crops, High Plains Ag Week, Impact of Agribusiness in the High Plains Trade Area, Marketing Plan, Texas A&M AgriLife Extension Resources, Trade

High Plains Ag Week – 4/12/2023 – Wheat Grain Alternatives

April 15, 2023 by pancho.abello

Dryland wheat grain and forage conditions in our area are different from what we were expecting in many cases. The Wheat and Small Grain Decision Aids will help you analyze the best alternative for your wheat fields according to your expected yields, production costs, equipment, and other variables.  [Read more…] about High Plains Ag Week – 4/12/2023 – Wheat Grain Alternatives

Filed Under: Business Management, High Plains Ag Week, Risk Management, Uncategorized, Wheat

High Plains Ag Week – 4/5/2023 – An Introduction to Carbon Credits and Carbon Markets

April 5, 2023 by casey.matzke

Carbon markets have been a trendy topic lately and present producers with a potential new revenue source for their operation.  This post briefly describes the basics of what carbon credits are and how carbon markets/contracts are structured.  At the end of the post, I provide a set of links to additional articles that provide a more in-depth discussion of some of the legal and economic considerations related to carbon contracts.

[Read more…] about High Plains Ag Week – 4/5/2023 – An Introduction to Carbon Credits and Carbon Markets

Filed Under: Business Management, Carbon, High Plains Ag Week, Risk Management, Texas A&M AgriLife Extension Resources Tagged With: business management, Carbon, Carbon Credits, Carbon Markets

High Plains Ag Week – 3/29/2023 – A Look at the 2023 Cow-Calf Budget

March 29, 2023 by pancho.abello

(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

The 2023 crop and livestock budgets for District 3 are posted, and the budgets are available for all districts on the AgriLife Extension Agricultural Economics website.  Today, we look at the expected costs and returns from the Cow-Calf budgets in the Rolling Plains.

[Read more…] about High Plains Ag Week – 3/29/2023 – A Look at the 2023 Cow-Calf Budget

Filed Under: Business Management, Cattle, Drought, High Plains Ag Week, Livestock, Texas A&M AgriLife Extension Resources, Uncategorized Tagged With: business management, Cattle, Drought, Livestock, Texas A&M AgriLife Extension, Texas A&M AgriLife Resources

High Plains Ag Week – 3/22/2023 – Macroeconomic Trends and Their Impacts on Farmers

March 22, 2023 by casey.matzke

Macroeconomic Trends and Their Impacts on Farmers

Changes in both the U.S. and global macroeconomic environments can have a significant impact on the bottom line of farms and ranches.  For this reason, it is important to be aware of changes in the macroeconomy and to consider how these changes might affect your operation.

[Read more…] about High Plains Ag Week – 3/22/2023 – Macroeconomic Trends and Their Impacts on Farmers

Filed Under: Ag Policy, Business Management

High Plains Ag Week – 3/15/2023 – Building a Profitable Ranch Business

March 15, 2023 by casey.matzke

Building a Profitable Ranch Business – Beef Cattle Standard Performance Analysis

 

One of the most essential responsibilities in our businesses is to ensure the economic sustainability of our companies for the future of our business or future generations. Most ranchers have suffered multiple years of low margins due to market prices below the average total economic cost of production. Even today, with a much better prices outlook than a year ago, breakeven prices are still high for most cow-calf operations.

 

 

[Read more…] about High Plains Ag Week – 3/15/2023 – Building a Profitable Ranch Business

Filed Under: Business Management, Cattle, Drought, High Plains Ag Week, Livestock Tagged With: Cattle, Profitable, Ranch

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Welcome!

The Amarillo Econ blog is a platform that provides regular updates to stakeholders in the world of agriculture on agricultural markets, research findings from agricultural economists, current issues facing the field of agriculture, and the implications of regularly released USDA reports.

We will also use the blog and social media under the Amarillo AgEcon banner to announce new tools and programs conducted by Texas A&M AgriLife Extension faculty and staff.

There are two main types of blog posts on this page;

High Plains Ag Week: These posts talk a bit about the market movement over the week in corn, wheat, cotton, and fat and feeder cattle. We’ll also provide some insight into potential market movers and upcoming events for the following week. Additionally we’ll highlight interesting news stories from the week, and provide a list of upcoming deadlines for things like insurance and USDA program signups.

It Depends:

Where ‘High Plains Ag Week’ will mostly be posts about current events, the series called ‘It Depends’ functions more as an educational outlet. We’ll look at current events, or things we’re reading about and find interesting, and examine them through the lens of economics. We hope to use ‘It Depends’ to provide some answers to everyday questions from the world of economics, particularly as those questions relate to agriculture. On that note, if there are topics that you are interested in hearing about please let us know!

 

Whether you’re a farmer or rancher, in rural real estate, work in the commodity markets, provide products and services to producers, or you’re just new to the field of agriculture and want to learn more, we’ve got something for you.

 

You can follow us on Twitter @AmarilloAgecon, and like us on Facebook at Amarillo AgEcon.

 

Recent Posts

  • High Plains Ag Week – 5/31/23 – Dual-Purpose Annual Forage Insurance Program
  • High Plains Ag Week – 5/17/23 – May WASDE Review
  • High Plains Ag Week – 5/3/23 – Machinery Management

Recent Comments

  • High Plains Ag Week – 2/15/2023 – A Look at the 2023 Peanuts Budgets - Amarillo AgEcon on High Plains Ag Week – 1/18/2023 – Budgets and Input Price Changes
  • High Plains Ag Week – 2/1/2023 – A Look at the 2023 Corn & Sorghum Budgets - Amarillo AgEcon on High Plains Ag Week – 1/18/2023 – Budgets and Input Price Changes
  • High Plains Ag Week - 1/25/2023 - A Look at the 2023 Cotton Budgets - Amarillo AgEcon on High Plains Ag Week – 1/18/2023 – Budgets and Input Price Changes
  • Pasture, range, forage (rainfall) insurance deadline nears - Happy Apples Recipes on High Plains Ag Week 10/10/2022 – PRF Decision for Upcoming year
  • The time limit for insurance coverage of pastures, pastures and fodder is drawing near - on High Plains Ag Week 10/10/2022 – PRF Decision for Upcoming year

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