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.
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!
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?
This week, we provide an update on the grain markets and look at the current supply and use projections for corn and sorghum in the August USDA World Agricultural Supply and Demand Estimate (WASDE) Report.
[Read more…] about High Plains Ag Week – 8/24/23 – Feed Grains Update
The USDA National Agricultural Statistics Service (NASS) released its latest crop production report and World Agriculture Supply and Demand (WASDE) report today. In this post, we’ll look at what these reports have to say about 2023/2024 cotton production, supply, and demand.
[Read more…] about High Plains Ag Week – 8/15/23 Cotton Production & Market Update
The USDA National Agricultural Statistics Service (NASS) released its latest acreage report on June 30. Today, we review this report.
[Read more…] about High Plains Ag Week – 7/13/23 – Reviewing the June Acreage Report
June is National Dairy Month, so today we’re talking about all things dairy. In this post, we’ll look at the U.S. dairy industry by the numbers, how the U.S. likes to consume its dairy products, and how the U.S. dairy industry contributes to global dairy production and consumption.
[Read more…] about High Plains Ag Week – 6/21/23 – Happy National Dairy Month
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
Carbon markets have been a trendy topic lately and present producers with a potential new revenue source for their operation. This post briefly describes the basics of what carbon credits are and how carbon markets/contracts are structured. At the end of the post, I provide a set of links to additional articles that provide a more in-depth discussion of some of the legal and economic considerations related to carbon contracts.