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
High Plains Ag Week 1-31-2022 – Rules of Thumb for Input Cost Management
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.
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High Plains Ag Week 11/29/2021 – CRP and Crop Return Comparison
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
High Plains Ag Week 10/18/2021 – Wheat Market Update
Today, Pancho Abello gives us a fall market update on wheat. What are worldwide conditions? Where is the drought having an impact on wheat production? What are some marketing strategies you should consider?
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High Plains Ag Week 9/20/2021 – Grazing Decision Aids and Wheat Pricing for Grazing
Today we return to winter wheat decision making. Whether you’re a rancher looking for forage or a landowner looking for a partner to graze, its important to consider the leasing structure. What will you pay/accept? Is it on gain or per head? Today we review some more profitability outcomes for different leasing rates on winter wheat.
High Plains Ag Week 9/13/2021 – Updated Winter Wheat & Winter Stocker Budgets
It’s time to consider winter enterprise options with updated forecasts. Today we’ll review profitability outcomes for winter wheat and winter stocker operations, and revisit a few tools that can help you with fall decision-making. [Read more…] about High Plains Ag Week 9/13/2021 – Updated Winter Wheat & Winter Stocker Budgets
High Plains Ag Week 3/8/2021 – The ARC/PLC Choice
2021 is the first year in which producers will be able to choose ARC or PLC on an annual basis. Today, a tool that will help producers with the fast-approaching decision. [Read more…] about High Plains Ag Week 3/8/2021 – The ARC/PLC Choice
High Plains Ag Week 3/1/2021 – Gain or Grain?
March 15 is the deadline for many crop insurance decisions. That means the time has come for producers of grazed wheat to make the decision; will gain or grain be the more profitable enterprise in 2021?
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High Plains Ag Week 2/1/2021 – Wheat
Today I’m beginning a series on the state of commodity markets for several Texas High Plains commodities. We’ll kick off the series today with winter wheat. Over the month of February I’ll also cover the markets for corn, sorghum, cotton, and cattle.