Lack of rainfall in many areas and high fertilizer costs are the two biggest concerns determining bermudagrass hay production this year. Today we will review our District budgets, breakeven prices, and fertilization decision aids for a profitable bermudagrass hay production.
[Read more…] about High Plains Ag Week 6/6/2022 – Bermudagrass Hay Production and Fertilization
Input costs continue to be the story of interest for the year. Fertilizer in particular is grabbing headlines in both agricultural media and popular press. What do costs look like as we move through planting seasons and develop plans for the remainder of the summer? [Read more…] about High Plains Ag Week 5/23/2022 – Fertilization Break Even Calculation
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Last week’s WASDE report projected tightened ending stocks primarily due to weather conditions and Russia’s invasion of Ukraine. The chances of increasing ending stocks to previous levels during this season are very low. Today will review the WASDE report and discuss those factors that have created this bullish market reaction. [Read more…] about High Plains Ag Week 5/16/2022 – WASDE Review
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
There is a growth market for “program cattle” for weaned calves and feeder cattle produced and marketed under a specific production system. Today, we will discuss the potential benefits of implementing these programs in your operation, and the importance of using a partial budget to analyze how profitable can be on your ranch. [Read more…] about High Plains Ag Week 4/25/2022 – Program Cattle – Added Revenue vs Added Costs
The risk of being in another drought is increasing day after day. It is not too soon to prepare ourselves and dust off those drought plans even if there are still chances for rain and better moisture conditions. Today we will focus on those proactive and reactive strategies that we can implement on our ranches. [Read more…] about High Plains Ag Week 4/4/2022 – Dusting off our Drought Management Plans
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
Dryland wheat grain and forage conditions in our area are mostly poor and very poor. The Wheat and Small Grain Decision Aids will help you analyze which is the best alternative for your wheat fields according to your expected yields, production costs, equipment, and other variables. [Read more…] about High Plains Ag Week 3/21/2022 – Dryland Wheat Alternatives
(Laura McKenzie/Texas A&M AgriLife Marketing and Communications)
In addition to the other horrors generated by the war, the conflict between Ukraine and Russia has destabilized commodity markets. Commodity prices incorporate a substantial risk premium due to the high chances of lower production, higher costs, and more supply chain disruptions. [Read more…] about High Plains Ag Week 3/7/2022 – Russian Invasion of Ukraine effects in our Operations
Today we spend a bit of time on the cotton market. USDA’s Outlook Forum last week presented a case for relatively high prices against the historic average, though slightly lower year over year.
[Read more…] about High Plains Ag Week 2/28/2022 – Cotton Market Update
Input cost management is on everyone’s mind this year. But how do you even begin to approach cutting costs effectively? Each operation, and really, each field is different. We’ll address specific inputs throughout the spring, but for now, we present three rules of thumb to get you started on your input cost management decisions.
[Read more…] about High Plains Ag Week 1-31-2022 – Rules of Thumb for Input Cost Management
Today we take a look at Texas A&M AgriLife Budgets in the Crop Profitability Analyzer. We’re a bit later in the week in order to highlight a new report out of AFPC focusing on fertilizer prices, which we’ll discuss along with changes in custom service rates, chemicals, and more.
[Read more…] about High Plains Ag Week 1/10/2022 – AgriLife Budgets and Rising Input Prices