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Wheat 2024-25 Budget and Breakeven Prices

September 26, 2024 by karli.kaase

The current downward trend in wheat prices continues to impact wheat production in our area.
The prices are currently at or below the economic breakeven levels calculated for various regions
within our districts. Additionally, higher costs and an expected dry season due to another La
Niña year are increasing the risk for ranchers this year. [Read more…] about Wheat 2024-25 Budget and Breakeven Prices

Filed Under: Uncategorized

To Harvest or Not to Harvest? Cotton Harvest Decisions

September 18, 2024 by andrew.wright

Picture of a cotton being harvested

Cotton harvest on Oct. 20, 2021. (Courtney Sacco/Texas A&M AgriLife Marketing and Communications)

It’s almost time for producers to begin harvesting cotton in this part of the state.  Today, we look at the decision to harvest low-yielding fields and discuss the costs and benefits of doing so.  We also present a tool to help producers evaluate the profitability of harvesting cotton from low-yielding fields. [Read more…] about To Harvest or Not to Harvest? Cotton Harvest Decisions

Filed Under: Business Management, Cotton, Risk Management

Cotton Production and Market Update

September 4, 2024 by andrew.wright

Picture of a cotton field

Aug. 9, 2022 in College Station, Texas. (Sam Craft/Texas A&M AgriLife Marketing and Communications)

Last month, USDA released two important reports: 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 cotton production in 2024.

[Read more…] about Cotton Production and Market Update

Filed Under: Business Management, Cotton

Corn and Sorghum Market Update

August 14, 2024 by andrew.wright

Picture of sorghum growing in a field

Field crops in Burleson County on July 30, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

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

Filed Under: Corn, Crops, Marketing Plan, Sorghum

The Impact of Peer Advisory Groups on Agricultural Producers: Enhancing Farming Practices and Business Success

August 7, 2024 by karli.kaase

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.

[Read more…] about The Impact of Peer Advisory Groups on Agricultural Producers: Enhancing Farming Practices and Business Success

Filed Under: Uncategorized

June Report Indicates More Acres Planted to Cotton

July 24, 2024 by andrew.wright

Picture of cotton growing in a field

Aug. 9, 2022 in College Station, Texas. (Sam Craft/Texas A&M AgriLife Marketing and Communications)

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.

[Read more…] about June Report Indicates More Acres Planted to Cotton

Filed Under: Corn, Cotton, Crops, High Plains Ag Week, Sorghum, Wheat

Building a Drought Management Plan

June 13, 2024 by pancho.abello

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.

 

[Read more…] about Building a Drought Management Plan

Filed Under: Business Management, Cattle, Drought, Forage, High Plains Ag Week, Livestock, Risk Management, Texas A&M AgriLife Extension Resources

High Plains Ag Week 6/5/2024 – Potential Impacts of La Niña’s Return

June 5, 2024 by andrew.wright

Photo of raindrops

Rain on a back door on Oct. 1, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

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

Filed Under: High Plains Ag Week

What yields do we need to be profitable?

May 21, 2024 by pancho.abello

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.

 

[Read more…] about What yields do we need to be profitable?

Filed Under: High Plains Ag Week, Marketing Plan, Risk Management, Uncategorized, Wheat

High Plains Ag Week 5/15/2024 – Reviewing the May WASDE Report

May 15, 2024 by andrew.wright

Picture or sorghum growing in a field

Field crops in Burleson County on July 30, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

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

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

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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.

 

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