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
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
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Building a profitable business is key to successfully ensuring an economically sustainable operation. Today Pancho Abello will review one of the best tools that ranchers have to improve profits and accurately analyze the production, financial, and economic performance of their operations.
[Read more…] about High Plains Ag Week 1-24-2022 – Building a Profitable Ranch Business
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
Sunset in Burleson County on May 2, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Family businesses are unique, especially farm-ranch family businesses. As a farmer or rancher, working with your family is one of the greatest blessings that most can accomplish, but as we all know, it can also present exceptional challenges. Today Pancho Abello will discuss how to begin a farming or ranching family business organization.
[Read more…] about High Plains Ag Week 12/6/2021 – Farm Family Business Organization
Its time for a review of CRP rental rates for 2021. Is it a good idea to enroll in CRP? How do you evaluate that choice for yourself? [Read more…] about High Plains Ag Week 11/29/2021 – CRP and Crop Return Comparison
As we move into the holiday season, it’s important to not forget a few pending deadlines. The Livestock Forage Disaster Program application will be due at the end of January. Additionally, updates to ELAP may provide payments if producers were required to transport feed.
The USDA-RMA, has postponed the Pasture, Rangeland, and Forage Pilot Insurance Program (PRF), better known as the rainfall insurance, until December 1st. Incorporating this risk management tool will help reduce the economic impact of a lack of rainfall in our operations.