The National Oceanic and Atmospheric Administration forecasts a shift from El Niño into neutral and eventually La Niña conditions this summer/fall. This week, we look at what this might mean for summer 2024 weather conditions on the Texas High Plains. [Read more…] about High Plains Ag Week 6/5/2024 – Potential Impacts of La Niña’s Return
High Plains Ag Week 5/15/2024 – Reviewing the May WASDE Report
On May 10, USDA released a new World Agriculture Supply and Demand Estimate (WASDE) report. In this week’s post, we’ll look at what the report has to say about cotton and grain crop production in the 2024/25 crop year. [Read more…] about High Plains Ag Week 5/15/2024 – Reviewing the May WASDE Report
High Plains Ag Week 5/1/2024 – Crop Marketing Strategies
It’s never too late to update your marketing plan for the new growing season. In this post, we will consider some possible marketing strategies for crops, along with some of the risks associated with these strategies.
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High Plains Ag Week 4/17/2024 – Corn and Sorghum Budgets in 2024
The 2024 crop and livestock budgets for most districts have been published on the AgriLife Extension Economics website. In this post, we look at the expected costs and returns for corn and sorghum enterprises in the High Plains.
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High Plains Ag Week 4/3/2024 – Inflation and Interest Rates in 2024
To fight rising inflation, the Federal Open Market Committee started raising interest rates at an aggressive pace in 2022. In this post, we will look at the Federal Reserve’s progress in the fight against inflation. We’ll also discuss what to expect from the Federal Reserve in terms of interest rate policy in 2024.
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High Plains Ag Week 3/19/2024 – Sheep Market Outlook
What can producers expect from sheep markets this year? To answer that question, we turn to guest author Dr. Jeffrey Wright. In this post, Jeff walks us through the important characteristics of international sheep markets and how they impact the domestic price of lamb and mutton here in the United States. [Read more…] about High Plains Ag Week 3/19/2024 – Sheep Market Outlook
High Plains Ag Week 3/7/2024 – Analyzing Profitability Using the South Plains Profitability Spreadsheet
Choosing which crop will be most profitable to produce each year can be difficult. For this reason, economists with Texas A&M AgriLife Extension have developed a spreadsheet tool to help producers with this decision. In this post, we will look at how this tool can help producers analyze and compare the profitability of a set of crop enterprises. [Read more…] about High Plains Ag Week 3/7/2024 – Analyzing Profitability Using the South Plains Profitability Spreadsheet
High Plains Ag Week – 2/22/2024 – ARC-CO & PLC in 2024
The 2018 Farm Bill has been extended through September 30, 2024. This means that producers may enroll in Title I programs as a part of their risk management plan this year. This post will explain how two of these programs protect farms against price and/or revenue losses. [Read more…] about High Plains Ag Week – 2/22/2024 – ARC-CO & PLC in 2024
High Plains Ag Week – 1/31/2024 – A Look at the 2024 Cotton Budgets
The 2024 crop and livestock budgets will soon be available for all districts on the Texas A&M AgriLife Extension Agricultural Economics website. In this post, we look at the numbers in the budgets for cotton production in Districts 1 and 2. [Read more…] about High Plains Ag Week – 1/31/2024 – A Look at the 2024 Cotton Budgets
High Plains Ag Week – 1/18/2024 – Input Costs for 2024
How will input costs change for crop enterprises on the Texas High Plains? Today, we look at three key inputs to crop production and discuss expectations for the price of these inputs this year.
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