AMARILLO – Agriculture producers preparing for tough markets in 2014 should plan to attend Texas A&M AgriLife Extension Service’s “Developing This Year’s Marketing Plan for Feed Grains” workshop Feb. 3-4 in Amarillo, according to an AgriLife Extension economist.
A record corn crop along with adequate-to-surplus supplies of all crops in the U.S. and world markets, stagnant ethanol demand and the lowest cattle inventory in 60 years are just some of the factors that could make marketing the 2014 feed grains crop for a profit difficult, said Dr. Steve Amosson, AgriLife Extension economist in Amarillo.
“Feed grains producers are going to have to have a sharp pencil to get the most production for the least amount of cost and then do a good job of marketing their crop in order to have a successful year,” he said.
The feed grains workshop, co-sponsored by the U.S. Department of Agriculture’s Risk Management Agency, will be from 9 a.m. to 4 p.m. each day at the Texas A&M AgriLife Research and Extension Center, 6500 W. Amarillo Blvd. The registration fee is $125, which covers the cost associated with instruction, breaks, meals and materials, Amosson said.
To register and pay for this course, go to: http://agriliferegister.tamu.edu. While this is the preferred method of registration and payment, Amosson said payments will be accepted at the door. However, all registrations must be completed by Jan. 31, either online or by contacting Leon Guerrero at 806-677-5626 or firstname.lastname@example.org.
“In this workshop, we will dissect the feed grains market and analyze each of its components, including cost of production, break-evens, crop insurance decisions, seasonal price patterns, anticipated weather, in addition to covering the supply, demand and technical factors that will be influencing the feed grains market for the upcoming year,” Amosson said.
“Our objective is simple – to arm participants with the knowledge to make informed marketing decisions,” he said. “The ultimate goal of this workshop is for the producer to be able to develop a successful marketing plan for the 2014 crop.”
Amosson and Dr. Mark Welch, AgriLife Extension grain marketing specialist in College Station, will be the primary instructors for the course.
Guest speakers for the feed grains workshop will include a panel of area lenders, brokers and grain merchandisers who will address key issues facing local producers in the upcoming marketing year. In addition, the National Weather Service in Amarillo will provide the weather forecast for the upcoming growing season.