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.
[Read more…] about High Plains Ag Week – 5/3/23 – Machinery Management
(Courtney Sacco/Texas A&M AgriLife Marketing and Communications)
Are you looking to market your calves in a “program cattle” but unsure if the added costs outweigh the benefits? Today, we will discuss the potential benefits of implementing these programs in your operation and how you can evaluate whether it fits you well. [Read more…] about High Plains Ag Week – 4/26/23 – Program Cattle
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.
[Read more…] about High Plains Ag Week – 4/19/2023 – Basis and How to Manage It
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.
[Read more…] about High Plains Ag Week – 3/8/2023 – Key Financial Ratios to Watch in 2023
The 2023 crop and livestock budgets for District 1 are posted, and the budgets will soon be available for all districts on the AgriLife Extension Agricultural Economics website. Today, we take a look at the expected costs and returns from coarse grains in the High Plains.
[Read more…] about High Plains Ag Week – 2/1/2023 – A Look at the 2023 Corn & Sorghum 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
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
We continue our fall market reports reviewing the beef cattle market. Beef cattle prices have improved this year, which has undoubtedly helped during this drought. Four crucial market drivers have played and will play a significant role in future prices: Weather, Feed Costs, Beef Production, and Demand. [Read more…] about High Plains Ag Week 12/5/2022 – Beef Cattle Market Update
Continuing with our fall market updates this week, we reviewed the peanuts market. Less harvested acreage this season will potentially lower ending stocks and support future prices.
[Read more…] about High Plains Ag Week 11/21/2022 – Peanut Market Update
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Early-season wheat prices and winter wheat crop conditions have shown record highs and lows during this planting season. In today’s Wheat Market Update we reviewed the main market drivers for the following season. [Read more…] about High Plains Ag Week 11/7/2022 – Wheat Market Update
In a world where drought, market reports, and geo-political events pressure livestock producers risk management is becoming increasingly important. Faculty from Texas A&M AgriLife and Oklahoma State University came together to produce, “Where’s the Risk: A Livestock Risk Management Handbook.” [Read more…] about High Plains Ag Week 10/31/2022 – Livestock Risk Management Publication Available