Ag Economics on the Plains
Ag Economics on the Plains

High Plains Ag Week 4/4/2022 – Dusting off our Drought Management Plans

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The risk of being in another drought is increasing day after day. It is not too soon to prepare ourselves and dust off those drought plans even if there are still chances for rain and better moisture conditions. Today we will focus on those proactive and reactive strategies that we can implement on our ranches. [Read more…] about High Plains Ag Week 4/4/2022 – Dusting off our Drought Management Plans

High Plains Ag Week 3/21/2022 – Dryland Wheat Alternatives

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(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

Dryland wheat grain and forage conditions in our area are mostly poor and very poor.  The Wheat and Small Grain Decision Aids will help you analyze which is the best alternative for your wheat fields according to your expected yields, production costs, equipment, and other variables. [Read more…] about High Plains Ag Week 3/21/2022 – Dryland Wheat Alternatives

High Plains Ag Week 3/7/2022 – Russian Invasion of Ukraine effects in our Operations

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(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

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 2-7-2022 – Wheat Market Update

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Wheat on May 12, 2021, in Burleson County. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

Wheat farmers are facing higher wheat prices than in previous years and higher production costs.  Today, Pancho Abello gives us a winter market update on wheat. Which are the local and worldwide drivers to consider? How is La Niña impacting wheat production? [Read more…] about High Plains Ag Week 2-7-2022 – Wheat Market Update

High Plains Ag Week 6/20/19

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This week saw a rise in grain and soybean contracts followed by a decline on ‘profit taking’ in managed money accounts. DEC Corn rose to a little over $4.70 on Monday and has traded below that level for the rest of the week. USDA Crop Progress on Monday finally had corn plantings at 92% which is still behind average planting pace, but is the first week to rise above 90% for the 2019 crop year. [Read more…] about High Plains Ag Week 6/20/19

High Plains Ag Week 5/31/19

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Written with: David Anderson 

Corn: The shortened week following Memorial day saw continued growth in grains and cotton with declines in the nearby live and feeder contracts. In the last three weeks DEC Corn ($4.326/bu) has climbed almost 20.0% on significant planting delays, particularly in the Midwest. As of May 26 the Crop Progress report has Texas at 93.0% complete in corn plantings, although I’ve heard of some delays in our northeastern counties. The Texas A&M AgriLife Extension budgets for District 1 estimate a break even price for irrigated corn of $4.01. Given the increasingly uncertain trade environment (more on the newly proposed tariffs on Mexican products later), and the stage of production for the year, this might be a good opportunity to protect production with some puts or another form of risk management.  [Read more…] about High Plains Ag Week 5/31/19