Amarillo AgEcon
Amarillo AgEconEconomics for the Texas High Plains

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

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(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

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

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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.

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

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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.

 

 

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

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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

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

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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.

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

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(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.

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

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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.

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

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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.

 

 

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High Plains Ag Week – 3/8/2023 – Key Financial Ratios to Watch in 2023

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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.

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High Plains Ag Week – 3/1/2023 – Wheat Grain vs. Gain

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Dryland wheat grain and forage conditions in our area are better than last year but still not the best.  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 – 3/1/2023 – Wheat Grain vs. Gain