{"id":649,"date":"2020-01-03T11:49:59","date_gmt":"2020-01-03T17:49:59","guid":{"rendered":"https:\/\/amarillo.tamu.eduagecon\/?p=649"},"modified":"2020-01-06T13:28:29","modified_gmt":"2020-01-06T19:28:29","slug":"high-plains-ag-week-1-3-2020","status":"publish","type":"post","link":"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-1-3-2020\/","title":{"rendered":"High Plains Ag Week 1\/3\/2020"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-667 alignleft\" src=\"https:\/\/amarillo.tamu.edu\/agecon\/files\/2020\/01\/Capture2.png\" alt=\"\" width=\"250\" height=\"175\" srcset=\"https:\/\/agrilife.org\/agecon\/files\/2020\/01\/Capture2.png 250w, https:\/\/agrilife.org\/agecon\/files\/2020\/01\/Capture2-248x175.png 248w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/>In December 2019, the Amarillo Chamber of Commerce released the 5th Edition of &#8216;The Impact of Agribusiness in the High Plains Trade Area&#8217;, authored by Texas A&amp;M AgriLife Extension and WTAMU faculty. Today in High Plains Ag Week we include the second in a series of discussions on the material in that publication; the impact of crops on the High Plains Trade Area economy. You can find digital copies of the publication on the homepage of amarillo.tamu.edu, and printed copies at the Amarillo Texas A&amp;M AgriLife Research &amp; Extension Center.<\/p>\n<p><!--more--><\/p>\n<h3>Registration for Texas A&amp;M AgriLife Events and Upcoming Deadlines:<\/h3>\n<p>January 5-11 &#8211; The Executive Program for Agricultural Producers (<a href=\"https:\/\/tepap.tamu.edu\" target=\"_blank\" rel=\"noopener noreferrer\">Register Here<\/a>)<\/p>\n<p>January 29 &#8211; End of <a href=\"https:\/\/www.regulations.gov\/document?D=AMS_FRDOC_0001-1943\" target=\"_blank\" rel=\"noopener noreferrer\">Comment Period for USDA Hemp Interim Rule\u00a0<\/a><\/p>\n<p>February 6-7, 2020 &#8211; Developing this Year&#8217;s Marketing Plan for Feed Grains and Cotton, Amarillo AgriLife Research &amp; Extension Center; Preregister at <a href=\"https:\/\/agriliferegister.tamu.edu\/productListingDetails\/2979\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/agriliferegister.tamu.edu\/Grain<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-652 aligncenter\" src=\"https:\/\/amarillo.tamu.edu\/agecon\/files\/2020\/01\/Capture-1024x195.png\" alt=\"\" width=\"1024\" height=\"195\" srcset=\"https:\/\/agrilife.org\/agecon\/files\/2020\/01\/Capture-1024x195.png 1024w, https:\/\/agrilife.org\/agecon\/files\/2020\/01\/Capture-768x146.png 768w, https:\/\/agrilife.org\/agecon\/files\/2020\/01\/Capture.png 1083w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3>The Impact of Crops in the High Plains Trade Area<\/h3>\n<p>The Impact of Agribusiness in the High Plains Trade Area (IAB) is a publication released every five years coinciding with the Census of Ag produced by USDA. The publication documents and measures the impact that agriculture has in a 26-county area spanning from the southern border of Parmer to Childress counties up through the entirety of the Texas Panhandle. The area covers approximately 16.5 million\u00a0 acres, of which 14.8 million (90%) are dedicated to agriculture.<\/p>\n<p>The temperate climate, flat ground, and healthy soil make the Texas High Plains an ideal region for producing crops. Producers in the region grow a wide variety of field crops; corn, cotton, wheat, sorghum, vegetables, triticale, hay, ensilage, and peanuts to name a few. The impact of these crops on the local economy has always been significant, however the crop-mix for the region changes over time. Figure 1 shows the mix of cash receipts from crops in the High Plains Trade area from 2013-2017. On average, total crop cash receipts for the period were $1.58 billion.<\/p>\n<h4 style=\"text-align: center;\">Figure 1. Cash Receipts by Crop, High Plains Trade Area<\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-671 aligncenter\" src=\"https:\/\/amarillo.tamu.edu\/agecon\/files\/2020\/01\/cropsreceipts2.png\" alt=\"\" width=\"540\" height=\"490\" \/><\/p>\n<p>As producers learn to grow more with less water, the mix of crops grown has changed. While corn maintained its position as the highest total value crop produced in the region, ensilage, hay, and cotton all grew by 44.8%, 25.7%, and 16.9%, respectively. In fact, the High Plains Trade Area was responsible for 68.9% of the ensilage, 44.5% of the corn, 29.3% of the wheat, 13.1% of the cotton, 14.3% of the sorghum, and 10% of the hay produced in the state from 2013-2017.<\/p>\n<p>Annual average cash receipts from crops produced were, in order of greatest to least, corn ($551 mil.), cotton ($335 mil.), ensilage ($200 mil.), wheat ($147 mil.), hay ($158 mil.), sorghum ($101 mil.), and other crops which include products like soybeans, alfalfa, and peanuts ($85 mil.). Cash receipts from crops do not just mean money in producers pockets. As producers spend that money on inputs, groceries, and at local vendors, the dollars&#8217; impacts grow. The total $1.58 billion in cash receipts from crops had a regional economic impact of $2.8 billion, and a total statewide economic impact of $3.6 billion.<\/p>\n<h3>Chart Challenge:<\/h3>\n<p>This week&#8217;s chart challenge is crop-based. The bar chart series below represents cash receipts from one of the crops produced in the High Plains Trade Area from 2013-2018.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-thumbnail wp-image-673 aligncenter\" src=\"https:\/\/amarillo.tamu.edu\/agecon\/files\/2020\/01\/cottonacreage-1024x394.png\" alt=\"\" width=\"1024\" height=\"394\" srcset=\"https:\/\/agrilife.org\/agecon\/files\/2020\/01\/cottonacreage-1024x394.png 1024w, https:\/\/agrilife.org\/agecon\/files\/2020\/01\/cottonacreage-768x296.png 768w, https:\/\/agrilife.org\/agecon\/files\/2020\/01\/cottonacreage-1536x592.png 1536w, https:\/\/agrilife.org\/agecon\/files\/2020\/01\/cottonacreage-2048x789.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h3>Upcoming Dates:<\/h3>\n<p><strong>Summer Crops Marketing &amp; Outlook<\/strong>\u00a0\u2013 January 10 \u2013 Pampa, TX<\/p>\n<p><strong>Crop Profitability Analyzer &amp; Farm Bill Decision Aid Tutorial<\/strong>\u00a0\u2013 January 14 \u2013 Perryton, TX<\/p>\n<p><strong>Top of Texas Ag Conference\u00a0<\/strong>\u2013 Janaury 15, Pampa, TX<\/p>\n<p><strong>Southeast Panhandle Crops Conference<\/strong>\u00a0\u2013 January 15 \u2013 Memphis, TX<\/p>\n<p><strong>Hale\/Swisher Crops Conference<\/strong>\u00a0\u2013 January 23 \u2013 Plainview, TX<\/p>\n<p><strong>Caprock Conference<\/strong>\u00a0\u2013 January 24 \u2013 Muncy, TX<\/p>\n<p><strong>Feed Grains &amp; Cotton Marketing Workshop<\/strong> \u2013 February 6-7 \u2013 Amarillo, TX<\/p>\n<h3>In the News:<\/h3>\n<p><strong>BEEF<\/strong>\u00a0 &#8211; <a href=\"https:\/\/www.beefmagazine.com\/outlook\/cattle-and-beef-where-here?NL=BEEF-01&amp;Issue=BEEF-01_20200103_BEEF-01_815&amp;sfvc4enews=42&amp;cl=article_3_b&amp;utm_rid=CPG02000003720166&amp;utm_campaign=45360&amp;utm_medium=email&amp;elq2=4593caee589046feb9c539c3673ec2a4\" target=\"_blank\" rel=\"noopener noreferrer\">Cattle and beef: Where to from here?\u00a0<\/a><\/p>\n<p><strong>BEEF<\/strong> &#8211; <a href=\"https:\/\/www.beefmagazine.com\/outlook\/us-agricultural-trade-still-facing-major-uncertainties-2020?NL=BEEF-02&amp;Issue=BEEF-02_20200102_BEEF-02_582&amp;sfvc4enews=42&amp;cl=article_5_b&amp;utm_rid=CPG02000003720166&amp;utm_campaign=45329&amp;utm_medium=email&amp;elq2=bc41bbe150324c26b16638bf83a55d88\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. agricultural trade still facing major uncertainties in 2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In December 2019, the Amarillo Chamber of Commerce released the 5th Edition of &#8216;The Impact of Agribusiness in the High Plains Trade Area&#8217;, authored by Texas A&amp;M AgriLife Extension and&#8230; <span class=\"read-more\"><a href=\"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-1-3-2020\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1764,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9,15],"tags":[],"class_list":["post-649","post","type-post","status-publish","format-standard","category-high-plains-ag-week","category-impact-of-agribusiness-in-the-high-plains-trade-area","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>High Plains Ag Week 1\/3\/2020 - Ag Economics on the Plains<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/agrilife.org\/agecon\/high-plains-ag-week-1-3-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High Plains Ag Week 1\/3\/2020 - Ag Economics on the Plains\" \/>\n<meta property=\"og:description\" content=\"In December 2019, the Amarillo Chamber of Commerce released the 5th Edition of &#8216;The Impact of Agribusiness in the High Plains Trade Area&#8217;, authored by Texas A&amp;M AgriLife Extension and... 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