Droughts have had devastating effects on our operation. While 50% of the Southern Plains are not currently in a drought, the CPC-IRI Forecast has increased the likelihood of having a Niña season by the end of this summer until the end of the 2025 winter, which is correlated with lower rainfall in our area. To prepare our business for the future and ensure long-term sustainability, we must have and implement a drought management plan.
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.
Peer advisory groups are an invaluable tool for progressive and business-minded ag producers. In this article, you’ll learn how peer advisory groups work, their benefits, and how you can join one. These groups offer a unique opportunity for agricultural producers to generate knowledge, improve their operations, and be more profitable!
[Read more…] about Are you looking to improve production and profits? Join a Peer Group Today!
It’s never too late to update your marketing plan for the new growing season. In this post, we will consider some possible marketing strategies for crops, along with some of the risks associated with these strategies.
[Read more…] about High Plains Ag Week 5/1/2024 – Crop Marketing Strategies
Field crops in Burleson County on July 30, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
The 2024 crop and livestock budgets for most districts have been published on the AgriLife Extension Economics website. In this post, we look at the expected costs and returns for corn and sorghum enterprises in the High Plains.
[Read more…] about High Plains Ag Week 4/17/2024 – Corn and Sorghum Budgets in 2024
Are you looking to measure your ranch’s profitability accurately? In this article, we’ll explore how to use the Beef-Cattle Standard Performance Analysis (SPA) to measure your ranch’s production, financial, and economic performance.
[Read more…] about High Plains Ag Week 4/9/2024 – How do you measure how profitable your ranch is?
(Courtney Sacco/Texas A&M AgriLife Marketing and Communications)
Producers across the United States are increasingly adopting the Livestock Risk Protection Program, commonly known as the LRP, to protect themselves against falling cattle prices. Today, we will discuss the benefits of adopting this risk management tool in your operation.
(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.
[Read more…] about High Plains Ag Week 3/15/2024 – Wheat baling analysis.
Choosing which crop will be most profitable to produce each year can be difficult. For this reason, economists with Texas A&M AgriLife Extension have developed a spreadsheet tool to help producers with this decision. In this post, we will look at how this tool can help producers analyze and compare the profitability of a set of crop enterprises. [Read more…] about High Plains Ag Week 3/7/2024 – Analyzing Profitability Using the South Plains Profitability Spreadsheet
Today’s blog topic has changed, given the sad circumstances of everyone affected by the wildfires in our region. We will discuss some USDA programs available to help during these challenging times. Our thoughts are with everyone affected by these fires, causing unmeasurable losses for many.
[Read more…] about High Plains Ag Week 2/28/2024 – Wildfires