Ag Economics on the Plains
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High Plains Ag Week 1/24/2024 – Wheat Grain vs. Grazing?

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(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

Wheat prices in our Texas region have been decreasing month by month, lowering profitability expectations for producers in our area. Today, we will compare and analyze what may be more convenient: wheat grain or grazing.

 

 

 

 

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High Plains Ag Week 1/10/2024 – Livestock Forage Program Update

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The deadline for signing up for the Livestock Forage Disaster program is approaching at the end of January. Last year’s drought-hit many Texas ranchers hard, prompting significant payments across most counties. Contact your FSA office before the January 30 deadline to use this program.

 

 

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High Plains Ag Week 11/29/2023 – Cotton Market Update

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(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

As we come to the end of the year, what do the fundamentals for the cotton market look like?  In this post, we look at how cotton prices have moved in 2023, the current supply and demand outlook for the 2023/24 crop, and the macroeconomic picture heading into the new year.

 

 

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High Plains Ag Week 11/22/2023 – Wheat 2023 Breakeven Price Analysis

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(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

Preliminary wheat budget results showed production costs decreased by around 10% compared to last year. However, net margins are expected to decrease too. Breakeven prices are close to or higher than July 2024 wheat market prices for this region.

 

 

 

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High Plains Ag Week 11/10/2023 – LRP Decision Making

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(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

The USDA’s Livestock Risk Protection (LRP) program is a useful tool to help producers manage price risk.  In this post, we will explain what LRP does and how it works, and we will discuss two important decisions that producers who wish to use this tool must make. 

 

 

 

 

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High Plains Ag Week 10/27/2023 – Cottonseed Markets

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(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)

When we think of cotton, we think primarily of the fiber used in producing clothing, bed sheets, towels, and other textiles.  However, cottonseed, a byproduct of cotton production, has a variety of uses that make it valuable as well.  In today’s post, we discuss the uses and pricing of cottonseed. [Read more…] about High Plains Ag Week 10/27/2023 – Cottonseed Markets

High Plains Ag Week – 10/05/23 – Making Cotton Harvest Decisions

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After a hot and dry summer, many producers will face the difficult choice of whether to harvest cotton from low-yielding fields.  Today, we will review a decision aid called the Cotton Harvest Decision Budget.  This tool will help you analyze the harvest decision for low-yielding cotton fields to determine whether harvesting this cotton will be a profitable decision this year.

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High Plains Ag Week – 9/29/23 – PRF Decision Making for 2024

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The USDA’s Pasture, Rangeland, and Forage Insurance (PRF) has shown to be an essential tool that supports ranchers during these times. Today, we will review how this insurance works, with an example from Wise County.

 

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