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.
In a world where drought, market reports, and geo-political events pressure livestock producers risk management is becoming increasingly important. Faculty from Texas A&M AgriLife and Oklahoma State University came together to produce, “Where’s the Risk: A Livestock Risk Management Handbook.” [Read more…] about High Plains Ag Week 10/31/2022 – Livestock Risk Management Publication Available
(Sam Craft/Texas A&M AgriLife Marketing and Communications)
The 2022 drought has reminded us about its productive, financial, and economic impacts on our business. Today we will review USDA’s Pasture, Rangeland, and Forage Insurance Program (PRF) which has shown to be an essential tool to support ranchers during these times.
[Read more…] about High Plains Ag Week 10/10/2022 – PRF Decision for Upcoming year
(Courtney Sacco/Texas A&M AgriLife Marketing and Communications)
Ranchers face many price risks associated with cattle marketing, as we saw these last years. USDA changes in LRP made this tool more appealing to ranchers that want to reduce price risk.
(Courtney Sacco/Texas A&M AgriLife Marketing and Communications)
This year’s drought is still producing significant losses to many ranchers in the State of Texas. Today, we will look into two more USDA programs to help ranchers cape the drought, Livestock Forage Disaster Program and the Emergency Assistance for Livestock, Honeybees, and Farm-Raised Fish Program.
[Read more…] about High Plain Ag Week 8/8/2022 – USDA Programs to Support Drought Losses
Do black swans still count as black swans if there is an entire flock of them? That’s been the question for this dynamic year in agriculture. What were the economic topics that drew the most attention in 2021? What are some of the challenges we foresee in the upcoming year? Today, Pancho and I wrap the blog for 2021. We’ll also take a brief look and upcoming AgriLife resources and programs to look out for in the new year.
[Read more…] about High Plains Ag Week 12/12/2021 – Year in Review
Its time for a review of CRP rental rates for 2021. Is it a good idea to enroll in CRP? How do you evaluate that choice for yourself? [Read more…] about High Plains Ag Week 11/29/2021 – CRP and Crop Return Comparison
As we move into the holiday season, it’s important to not forget a few pending deadlines. The Livestock Forage Disaster Program application will be due at the end of January. Additionally, updates to ELAP may provide payments if producers were required to transport feed.
We’ve reached the end of the third quarter in NCBA’s 75% Plan. How is negotiated trade holding up in each region? What are the prospects for the first year and implications of performance to this point?
[Read more…] about High Plains Ag Week 9/27/2021 – Review of 75% Plan Q3
In July 2020, the National Cattleman’s Beef Association (NCBA) announced support for a voluntary framework to “increase frequent and transparent negotiated trade to regionally sufficient level” to achieve robust price discovery. A set of “triggers” evaluated on a quarterly basis form the framework. Today is the second in a two-part post on the results of Q1. How did each region perform during Q1? What are the takeaways from these outcomes?