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.
On August 5th the USDA published its annual Land Values Summary Report. Today we review the trends in land prices nationwide and in Texas.
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.
Numerous wildfire events across the State of Texas have unfortunately developed these last months producing many losses to many ranchers. Today we will review one USDA program that supports ranchers that have livestock losses due to wildfires and other weather-related events.
We’re excited to announce the publication of “Where’s the Beef? Legal and Economic Considerations for Direct Beef Sales”
[Read more…] about High Plains Ag Week 7/11/2022 – Direct to Consumer Beef Sales Book Available
Lack of rainfall in many areas and high fertilizer costs are the two biggest concerns determining bermudagrass hay production this year. Today we will review our District budgets, breakeven prices, and fertilization decision aids for a profitable bermudagrass hay production.
Input costs continue to be the story of interest for the year. Fertilizer in particular is grabbing headlines in both agricultural media and popular press. What do costs look like as we move through planting seasons and develop plans for the remainder of the summer? [Read more…] about High Plains Ag Week 5/23/2022 – Fertilization Break Even Calculation
Last week’s WASDE report projected tightened ending stocks primarily due to weather conditions and Russia’s invasion of Ukraine. The chances of increasing ending stocks to previous levels during this season are very low. Today will review the WASDE report and discuss those factors that have created this bullish market reaction. [Read more…] about High Plains Ag Week 5/16/2022 – WASDE Review
There is a growth market for “program cattle” for weaned calves and feeder cattle produced and marketed under a specific production system. Today, we will discuss the potential benefits of implementing these programs in your operation, and the importance of using a partial budget to analyze how profitable can be on your ranch. [Read more…] about High Plains Ag Week 4/25/2022 – Program Cattle – Added Revenue vs Added Costs
The risk of being in another drought is increasing day after day. It is not too soon to prepare ourselves and dust off those drought plans even if there are still chances for rain and better moisture conditions. Today we will focus on those proactive and reactive strategies that we can implement on our ranches. [Read more…] about High Plains Ag Week 4/4/2022 – Dusting off our Drought Management Plans