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.
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
Inputs costs are expected to stay high in 2023, and the Federal Reserve has indicated that it intends to continue raising interest rates as it attempts to bring inflation under control. So how can you maintain the financial health of your operation in the current economic climate? One tool to consider is financial ratio analysis.
[Read more…] about High Plains Ag Week – 3/8/2023 – Key Financial Ratios to Watch in 2023
The 2023 crop and livestock budgets are now available on the AgriLife Extension Agricultural Economics website. In this post, we’ll look at the budgets for peanuts in Districts 1, 2, and 3. For the most part producers can expect higher revenues; however, expect this increase to be offset by higher input costs.
[Read more…] about High Plains Ag Week – 2/15/2023 – A Look at the 2023 Peanuts Budgets
The 2023 crop and livestock budgets will soon be available for all districts on the AgriLife Extension Agricultural Economics website. Compared to the numbers in the 2022 budgets, revenue from cotton enterprises is expected to remain largely unchanged, while costs are expected to increase.
[Read more…] about High Plains Ag Week – 1/25/2023 – A Look at the 2023 Cotton Budgets
The Livestock Forage Disaster program sign-up deadline is coming by the end of January. Last year’s drought triggered significant payments in most counties of Texas. Read the article for more information about your county’s program and eligibility. [Read more…] about High Plains Ag Week – 1/11/2023 – Livestock Forage Disaster Program