As we enter a new year, producers are making plans for a new crop. Those plans will depend in part on their expectations regarding their costs of production. In this post, we’ll discuss our expectations for five important costs in 2025. [Read more…] about Input Costs in 2025
Ag Economic on the Plains – Year in Review
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Welcome to our final post of the year. Today, we will review the economic topics that garnered the most attention in 2024 and discuss some of the challenges we anticipate in the upcoming year. Andrew and I are wrapping up the blog for 2024. Enjoy this Holiday Season, and see you all next year!
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June Report Indicates More Acres Planted to Cotton
Aug. 9, 2022 in College Station, Texas. (Sam Craft/Texas A&M AgriLife Marketing and Communications)
On June 28, USDA released its Acreage Report for 2024. In this post, we look at how planted acres in 2024 for corn, sorghum, wheat and cotton compares to 2023 and to the March Prospective Plantings survey. We also examine how the Acreage report impacts production estimates in the July WASDE.
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What yields do we need to be profitable?
Wheat prices have increased in this last month. Still, Texas farmers are facing challenges due to high price basis and high production costs. To be profitable, above-average yields are needed. Today will discuss which breakeven yields do we need have a profitable wheat crop.
High Plains Ag Week 5/15/2024 – Reviewing the May WASDE Report
Field crops in Burleson County on July 30, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
On May 10, USDA released a new World Agriculture Supply and Demand Estimate (WASDE) report. In this week’s post, we’ll look at what the report has to say about cotton and grain crop production in the 2024/25 crop year. [Read more…] about High Plains Ag Week 5/15/2024 – Reviewing the May WASDE Report
High Plains Ag Week 3/15/2024 – Wheat baling analysis.
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Low wheat grain prices in our Texas region have lowered our profitability expectations in our area. Today, we will compare and analyze what may be more convenient: baling our wheat or harvesting it.
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High Plains Ag Week 1/24/2024 – Wheat Grain vs. Grazing?
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Wheat prices in our Texas region have been decreasing month by month, lowering profitability expectations for producers in our area. Today, we will compare and analyze what may be more convenient: wheat grain or grazing.
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High Plains Ag Week – 1/18/2024 – Input Costs for 2024
How will input costs change for crop enterprises on the Texas High Plains? Today, we look at three key inputs to crop production and discuss expectations for the price of these inputs this year.
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High Plains Ag Week 11/22/2023 – Wheat 2023 Breakeven Price Analysis
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Preliminary wheat budget results showed production costs decreased by around 10% compared to last year. However, net margins are expected to decrease too. Breakeven prices are close to or higher than July 2024 wheat market prices for this region.
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High Plains Ag Week – 9/1/23 – Wheat Market Drivers
Over the past couple of months, wheat prices have experienced a decline, reaching close to breakeven prices for many of us across the plains. [Read more…] about High Plains Ag Week – 9/1/23 – Wheat Market Drivers