(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
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
Today we take a look at Texas A&M AgriLife Budgets in the Crop Profitability Analyzer. We’re a bit later in the week in order to highlight a new report out of AFPC focusing on fertilizer prices, which we’ll discuss along with changes in custom service rates, chemicals, and more.
[Read more…] about High Plains Ag Week 1/10/2022 – AgriLife Budgets and Rising Input Prices
We’re back for a new year, and so is Master Marketer. Since 1996, Master Marketer has been teaching producers to reduce risk and gain profit through an intensive eight day series that includes crop and livestock outlooks, sessions on developing marketing skills, and a trading game that simulates marketing in a real historic year. Surveys show that the average producer gains 4.5% or $35,000 on their bottom lines each year as a results of attending Master Marketer.
[Read more…] about High Plains Ag Week 1/3/2022 – Master Marketer
Do black swans still count as black swans if there is an entire flock of them? That’s been the question for this dynamic year in agriculture. What were the economic topics that drew the most attention in 2021? What are some of the challenges we foresee in the upcoming year? Today, Pancho and I wrap the blog for 2021. We’ll also take a brief look and upcoming AgriLife resources and programs to look out for in the new year.
[Read more…] about High Plains Ag Week 12/12/2021 – Year in Review
Rural scenes in Burleson and Washington counties on April 7, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Ranchers face many risks associated with cattle marketing as we have seen last year with the pandemic. Any good marketing plan requires the knowledge of the available tools in the market that we can used. Each of these tools have their own advantages and disadvantages, and it is important to know them as well as their impact in our operation before making any decision. Today, in his first article as a new author for the Amarillo AgEcon Blog, Pancho Abello, AgriLife Extension Economist for District 3, reviews the Livestock Risk Protection Program.