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.
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
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!
[Read more…] about Are you looking to improve production and profits? Join a Peer Group Today!
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.
[Read more…] about High Plains Ag Week 5/1/2024 – Crop Marketing Strategies
Field crops in Burleson County on July 30, 2021. (Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
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.
[Read more…] about High Plains Ag Week 4/17/2024 – Corn and Sorghum Budgets in 2024
Are you looking to measure your ranch’s profitability accurately? In this article, we’ll explore how to use the Beef-Cattle Standard Performance Analysis (SPA) to measure your ranch’s production, financial, and economic performance.
[Read more…] about High Plains Ag Week 4/9/2024 – How do you measure how profitable your ranch is?
To fight rising inflation, the Federal Open Market Committee started raising interest rates at an aggressive pace in 2022. In this post, we will look at the Federal Reserve’s progress in the fight against inflation. We’ll also discuss what to expect from the Federal Reserve in terms of interest rate policy in 2024.
[Read more…] about High Plains Ag Week 4/3/2024 – Inflation and Interest Rates in 2024
(Courtney Sacco/Texas A&M AgriLife Marketing and Communications)
Producers across the United States are increasingly adopting the Livestock Risk Protection Program, commonly known as the LRP, to protect themselves against falling cattle prices. Today, we will discuss the benefits of adopting this risk management tool in your operation.
Dorper sheep on Friday, Nov 10, 2023 in Sonora, Texas. (Michael Miller/Texas A&M AgriLife Marketing and Communications)
What can producers expect from sheep markets this year? To answer that question, we turn to guest author Dr. Jeffrey Wright. In this post, Jeff walks us through the important characteristics of international sheep markets and how they impact the domestic price of lamb and mutton here in the United States. [Read more…] about High Plains Ag Week 3/19/2024 – Sheep Market Outlook
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Low wheat grain prices in our Texas region have lowered our profitability expectations in our area. Today, we will compare and analyze what may be more convenient: baling our wheat or harvesting it.
[Read more…] about High Plains Ag Week 3/15/2024 – Wheat baling analysis.