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Seeing What Others Miss: Making Sense of Agricultural Risk Today

December 6, 2025 by merri.day

Agriculture has always faced uncertainty. Although agricultural risk management has come a long way in recent years, producers face a multifaceted risk landscape that is constantly changing due to unpredictable weather, evolving regulatory frameworks, and volatile markets. In this article, we address some factors that make today’s risk environment increasingly complex, discuss common “blind spots”, and provide tips for distinguishing market signals from noise.  [Read more…] about Seeing What Others Miss: Making Sense of Agricultural Risk Today

Filed Under: Risk Management

Grazing Management Plans: Planning for Pasture, Performance, and Profit

November 18, 2025 by merri.day

As defined by USDA-NRCS, a Grazing Management Plan (GMP) is “a site-specific conservation plan that contains planned grazing related conservation treatment activities for one or more resource concerns.” (https://www.nrcs.usda.gov/). The element of conservation is what sets apart a GMP from a general management plan for your operation. In this article, we discuss the essential elements of a GMP and how developing a GMP specific to your operation can help in planning for pasture, profit, and performance.

[Read more…] about Grazing Management Plans: Planning for Pasture, Performance, and Profit

Filed Under: Business Management, Livestock

Changes to the ARC-CO Program in the One Big Beautiful Bill Act

November 14, 2025 by andrew.wright

Pictures of cotton, wheat, sorghum, and cornOn July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. The law included changes to the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. In a previous post, we covered what changed for the PLC program. This post explains what has changed for the ARC program and how payments under these programs might be affected. [Read more…] about Changes to the ARC-CO Program in the One Big Beautiful Bill Act

Filed Under: Ag Policy, Crops, Risk Management

Pasture, Rangeland, and Forage Insurance Deadline is Coming Soon

November 5, 2025 by karli.kaase

Photo by Michael Miller/Texas A&M AgriLife Marketing and Communications

For the past 25 years, a significant portion of Texas has faced drought conditions nearly every year. According to the latest Drought Monitor report of October 30, around 77% of Texas is currently experiencing some level of drought. The USDA provides a tool to assist ranchers during these challenging times. [Read more…] about Pasture, Rangeland, and Forage Insurance Deadline is Coming Soon

Filed Under: Uncategorized

Changes to the LIP and LFP Programs in the One Big Beautiful Bill Act

October 27, 2025 by merri.day

President Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4, 2025. The law included changes to two disaster programs administered by the USDA Farm Service Agency: the Livestock Indemnity Program (LIP) and the Livestock Forage Disaster Program (LFP). In this post, we explain the changes to these programs and how those might affect Panhandle livestock producers.

[Read more…] about Changes to the LIP and LFP Programs in the One Big Beautiful Bill Act

Filed Under: Ag Policy, Livestock

Changes to the PLC Program in the One Big Beautiful Bill Act

October 16, 2025 by andrew.wright

Pictures of cotton, wheat, sorghum, and cornOn July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. The law included changes to the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. In this post, we explain what has changed for PLC and how payments under this program might be affected. [Read more…] about Changes to the PLC Program in the One Big Beautiful Bill Act

Filed Under: Ag Policy, Crops

Beef Cattle Decision Aids: Let Your Numbers Do the Talking

October 3, 2025 by karli.kaase

Let Your Numbers Do the Talking

Beef Cattle Short Course on Aug. 3, 2022 in College Station, Texas. (Sam Craft/Texas A&M AgriLife Marketing and Communications)

With cattle markets constantly shifting and production costs on the rise, making sound financial decisions in your cow-calf or stocker operation is more important than ever. Whether you’re thinking about purchasing replacement females, retaining ownership past weaning, or evaluating a preconditioning program, there’s a tool available to help guide those decisions. The Beef Cattle Decision Aids walk you through all of these topics and much more! [Read more…] about Beef Cattle Decision Aids: Let Your Numbers Do the Talking

Filed Under: Uncategorized

Fall 2025 Cotton Production and Market Outlook

September 25, 2025 by andrew.wright

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

As harvest time approaches, the outlook for the 2025/26 cotton crop is starting to become clearer. In this post, we examine what the latest reports from the USDA reveal about cotton production this year. [Read more…] about Fall 2025 Cotton Production and Market Outlook

Filed Under: Uncategorized

How Much Can I Afford to Pay for Replacement Heifers These Days? Plus, Merri Beth Day Joins the Blog

September 11, 2025 by merri.day

With cattle prices reaching record highs, it’s more rewarding than ever to be in the cattle business. It’s also more expensive than ever to raise cattle, with estimated annual production costs of nearly $1,100 per head for cow-calf operators. With these kinds of prices, it’s more important than ever to be diligent when making culling and purchasing decisions. Today, in her first article as a new author for the Ag Economics on the Plains Blog, Merri Beth Day, AgriLife Extension Economist for District 1, reviews some considerations for deciding whether to buy replacement heifers.

 

[Read more…] about How Much Can I Afford to Pay for Replacement Heifers These Days? Plus, Merri Beth Day Joins the Blog

Filed Under: Business Management, Cattle

Beef-Cattle Standard Performance Analysis

August 29, 2025 by pancho.abello

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

The key risk management strategies for successfully running a profitable business include setting and measuring production, economic, and financial performance objectives, identifying the unit cost of production, and benchmarking against alternative production systems. As Peter Drucker said, “You can’t manage what you can’t measure.” Therefore, a profitable business needs to establish clear financial and production performance objectives.

 

[Read more…] about Beef-Cattle Standard Performance Analysis

Filed Under: Uncategorized

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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.

 

Recent Posts

  • Seeing What Others Miss: Making Sense of Agricultural Risk Today
  • Grazing Management Plans: Planning for Pasture, Performance, and Profit
  • Changes to the ARC-CO Program in the One Big Beautiful Bill Act

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