On August 12, USDA released three important reports: the weekly Crop Progress report, the monthly Crop Production report, and the latest World Agriculture Supply and Demand Estimate (WASDE) report. In this post, we discuss what these reports say about corn and sorghum production in 2024. [Read more…] about Corn and Sorghum Market Update
The Impact of Peer Advisory Groups on Agricultural Producers: Enhancing Farming Practices and Business Success
Peer advisory groups serve as a resource for farmers and ranchers by fostering collaboration, exchange of experiences, and problem-solving. By sharing information and utilizing each member’s strengths, peer advisory groups help farm businesses thrive in a competitive environment.
June Report Indicates More Acres Planted to Cotton
On June 28, USDA released its Acreage Report for 2024. In this post, we look at how planted acres in 2024 for corn, sorghum, wheat and cotton compares to 2023 and to the March Prospective Plantings survey. We also examine how the Acreage report impacts production estimates in the July WASDE.
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Building a Drought Management Plan
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.
High Plains Ag Week 6/5/2024 – Potential Impacts of La Niña’s Return
The National Oceanic and Atmospheric Administration forecasts a shift from El Niño into neutral and eventually La Niña conditions this summer/fall. This week, we look at what this might mean for summer 2024 weather conditions on the Texas High Plains. [Read more…] about High Plains Ag Week 6/5/2024 – Potential Impacts of La Niña’s Return
What yields do we need to be profitable?
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.
High Plains Ag Week 5/15/2024 – Reviewing the May WASDE Report
On May 10, USDA released a new World Agriculture Supply and Demand Estimate (WASDE) report. In this week’s post, we’ll look at what the report has to say about cotton and grain crop production in the 2024/25 crop year. [Read more…] about High Plains Ag Week 5/15/2024 – Reviewing the May WASDE Report
Are you looking to improve production and profits? Join a Peer Group Today!
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!
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High Plains Ag Week 5/1/2024 – Crop Marketing Strategies
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.
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High Plains Ag Week 4/17/2024 – Corn and Sorghum Budgets in 2024
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.
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