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
Rapidly increasing input prices were a major concern in the 2022 crop year. What do input prices look like as we approach 2023’s planting season? Updated AgriLife Crop & Livestock Budgets, as well as some updated decision tools can help you make this year’s production decisions.
[Read more…] about High Plains Ag Week – 1/18/2023 – Budgets and Input Price Changes
Where are the fundamentals for the cotton market as we approach the end of the year? What does the global economic picture mean for the upcoming crop year?
[Read more…] about High Plains Ag Week 12/12/2022 – Cotton Market Update
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
On June 30th, the USDA, National Agricultural Statistics Service (NASS), released its first survey-base acreage report for the 2022-23 season. Today, we will review the highlights of this first report. [Read more…] about High Plains Ag Week 7/11/2022 – USDA June Acreage Report Review
Pressure is mounting on the ’22 DEC Cotton contract as it falls from historic highs. Will the new trading range provide positive margins for producers?
[Read more…] about High Plains Ag Week 6/27/2022 – Cotton Market Update
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
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
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
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
In addition to the other horrors generated by the war, the conflict between Ukraine and Russia has destabilized commodity markets. Commodity prices incorporate a substantial risk premium due to the high chances of lower production, higher costs, and more supply chain disruptions. [Read more…] about High Plains Ag Week 3/7/2022 – Russian Invasion of Ukraine effects in our Operations
Today we spend a bit of time on the cotton market. USDA’s Outlook Forum last week presented a case for relatively high prices against the historic average, though slightly lower year over year.
[Read more…] about High Plains Ag Week 2/28/2022 – Cotton Market Update
Input cost management is on everyone’s mind this year. But how do you even begin to approach cutting costs effectively? Each operation, and really, each field is different. We’ll address specific inputs throughout the spring, but for now, we present three rules of thumb to get you started on your input cost management decisions.
[Read more…] about High Plains Ag Week 1-31-2022 – Rules of Thumb for Input Cost Management