This week, we provide an update on the grain markets and look at the current supply and use projections for corn and sorghum in the August USDA World Agricultural Supply and Demand Estimate (WASDE) Report.
[Read more…] about High Plains Ag Week – 8/24/23 – Feed Grains Update
The USDA National Agricultural Statistics Service (NASS) released its latest crop production report and World Agriculture Supply and Demand (WASDE) report today. In this post, we’ll look at what these reports have to say about 2023/2024 cotton production, supply, and demand.
[Read more…] about High Plains Ag Week – 8/15/23 Cotton Production & Market Update
The USDA National Agricultural Statistics Service (NASS) released its latest acreage report on June 30. Today, we review this report.
[Read more…] about High Plains Ag Week – 7/13/23 – Reviewing the June Acreage Report
June is National Dairy Month, so today we’re talking about all things dairy. In this post, we’ll look at the U.S. dairy industry by the numbers, how the U.S. likes to consume its dairy products, and how the U.S. dairy industry contributes to global dairy production and consumption.
[Read more…] about High Plains Ag Week – 6/21/23 – Happy National Dairy Month
Aug. 9, 2022 in College Station, Texas. (Sam Craft/Texas A&M AgriLife Marketing and Communications)
The Texas High Plains received some much-needed rain in the month of May, but conditions across much of the area are still dry. In this post, we’ll discuss the current state of the drought, what the current temperature and precipitation outlook is for the next month, and what all of this might mean for production in the region.
[Read more…] about High Plains Ag Week – 6/7/23 – An Update on the Drought
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
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
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
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.
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.