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LRP Use Surges as Cattle Prices Climb

August 13, 2025 by karli.kaase

Over the last few years, the Livestock Risk Protection (LRP) program has really taken off, especially for cattle producers in the South. What used to be a small, barely used safety net that covered just 71,000 head back in 2017 has exploded. By mid 2025, participation reached 7.5 million head. The last couple of years alone have been big, with nearly 5 million head in 2023 and over 6 million in 2024. Much of that growth comes from USDA changes that made the program cheaper and easier to use, along with the strong rebound in feeder and live cattle prices. [Read more…] about LRP Use Surges as Cattle Prices Climb

Filed Under: Uncategorized

Upcoming Workshop in Homestead, FL

July 30, 2025 by karli.kaase

Farmers and ranchers in South Florida—mark your calendars! On Thursday, August 7, 2025, producers are invited to attend our Business Planning & Tax Management for Farmers and Ranchers workshop. This is a hands-on, half-day workshop focused on strengthening the business portion of your agricultural operation. [Read more…] about Upcoming Workshop in Homestead, FL

Filed Under: Uncategorized

Last Day to Sign Up for Dual-Purpose Forage Insurance

July 15, 2025 by karli.kaase

Today Is the Deadline to Enroll in the Dual-Purpose Annual Forage Insurance Program

If you’re a dual-purpose wheat producer in Texas, today—July 15—is your last chance to enroll in the Dual-Purpose Annual Forage Insurance Program for next season. With summer in full swing, now is the time to make risk management decisions that could make a big difference come drought season.

This USDA-backed insurance program is designed to protect operations growing annual forage crops, like wheat, for both grazing and grain. It’s been a game-changer for many producers across Texas, helping to buffer the financial blow of unpredictable rainfall and extreme weather. [Read more…] about Last Day to Sign Up for Dual-Purpose Forage Insurance

Filed Under: Uncategorized

Analyzing the June Acreage Report

July 2, 2025 by andrew.wright

Picture of a cotton field

Cotton field on Sept. 2, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

On Monday, June 30, the USDA released its June Acreage Report. In today’s post, we examine the report’s implications for crop production nationwide and in Texas. [Read more…] about Analyzing the June Acreage Report

Filed Under: Uncategorized

The May WASDE: Expectations for the 2025/26 Marketing Year

May 15, 2025 by andrew.wright

Picture of a cotton picker in a field of cotton

Cotton picker on Tuesday, Sep 17, 2024, in El Campo, Texas. (Michael Miller/Texas A&M AgriLife)

The USDA released its May World Agricultural Supply and Demand Estimates on Monday. The May report is significant because it provides our first look at the USDA’s expectations for the upcoming marketing year. Today, we discuss what the report indicates about the 2025/26 season.

[Read more…] about The May WASDE: Expectations for the 2025/26 Marketing Year

Filed Under: Corn, Cotton, Crops, Sorghum, Wheat

How Can We Use Livestock Risk Protection (LRP) in Today’s Market?

March 28, 2025 by pancho.abello

Laura McKenzie/Texas A&M AgriLife Marketing and Communications

Check how the USDA Livestock Risk Protection (LRP) program can help you lock in profits and manage price risk; whether you are running a large ranch operation or just a few head.

 

 

 

 

 

[Read more…] about How Can We Use Livestock Risk Protection (LRP) in Today’s Market?

Filed Under: Uncategorized

Macroeconomic Trends in Agriculture: Inflation

March 20, 2025 by andrew.wright

Four jars of coins.  The number of coins in each jar increases from left to rightInflation continues to concern consumers, farmers, and policymakers. In this post, we discuss how inflation has impacted prices paid by farms for production inputs. [Read more…] about Macroeconomic Trends in Agriculture: Inflation

Filed Under: Business Management

Projected Crop Insurance Prices and Revenue Guarantees in 2025

March 6, 2025 by andrew.wright

Projected crop insurance prices for counties in AgriLife Extension Districts 1 and 2 were set in February. Today, we consider what these prices imply about the financial risk that producers face in 2025. [Read more…] about Projected Crop Insurance Prices and Revenue Guarantees in 2025

Filed Under: Corn, Cotton, Crops, Risk Management, Sorghum, Uncategorized

Examining the 2025 Corn and Sorghum Budgets

February 19, 2025 by andrew.wright

Picture of corn

Corn on Tuesday, Sep 17, 2024, in El Campo, Texas. (Michael Miller/Texas A&M AgriLife)

The 2025 crop and livestock budgets are available on the Texas A&M AgriLife Extension Economics website.  In today’s post, we break down the District 1, District 2, and District 3 corn and sorghum budgets and discuss what they imply about feed grain production in 2025. [Read more…] about Examining the 2025 Corn and Sorghum Budgets

Filed Under: Business Management, Corn, Crops, Risk Management, Sorghum

Wheat Alternatives

February 17, 2025 by karli.kaase

Wheat Alternatives: Maximizing Profitability in a Tough Market
With wheat prices in Texas steadily declining, farmers are once again facing tough decisions about how to maximize returns on their crops. As cash wheat prices dip below the breakeven point, alternative uses for wheat—such as grazing or baling—may offer better profitability. This year, with drier conditions than last and future wheat prices still below breakeven, it’s more important than ever to carefully evaluate your options. By comparing wheat for grain, grazing, and hay, we can determine which strategy is most financially viable given the current market. [Read more…] about Wheat Alternatives

Filed Under: Uncategorized

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Welcome!

The Amarillo Econ blog is a platform that provides regular updates to stakeholders in the world of agriculture on agricultural markets, research findings from agricultural economists, current issues facing the field of agriculture, and the implications of regularly released USDA reports.

We will also use the blog and social media under the Amarillo AgEcon banner to announce new tools and programs conducted by Texas A&M AgriLife Extension faculty and staff.

There are two main types of blog posts on this page;

High Plains Ag Week: These posts talk a bit about the market movement over the week in corn, wheat, cotton, and fat and feeder cattle. We’ll also provide some insight into potential market movers and upcoming events for the following week. Additionally we’ll highlight interesting news stories from the week, and provide a list of upcoming deadlines for things like insurance and USDA program signups.

It Depends:

Where ‘High Plains Ag Week’ will mostly be posts about current events, the series called ‘It Depends’ functions more as an educational outlet. We’ll look at current events, or things we’re reading about and find interesting, and examine them through the lens of economics. We hope to use ‘It Depends’ to provide some answers to everyday questions from the world of economics, particularly as those questions relate to agriculture. On that note, if there are topics that you are interested in hearing about please let us know!

 

Whether you’re a farmer or rancher, in rural real estate, work in the commodity markets, provide products and services to producers, or you’re just new to the field of agriculture and want to learn more, we’ve got something for you.

 

You can follow us on Twitter @AmarilloAgecon, and like us on Facebook at Amarillo AgEcon.

 

Recent Posts

  • Grazing Management Plans: Planning for Pasture, Performance, and Profit
  • Changes to the ARC-CO Program in the One Big Beautiful Bill Act
  • Pasture, Rangeland, and Forage Insurance Deadline is Coming Soon

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