Kim Anderson Runs the Numbers for Price Potential on Alternative Summer Crops Being ConsideredThu, 08 Feb 2018 17:09:25 CST
This week on SUNUP - Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson joins host Lyndall Stout again to offer some perspective on what alternative summer crops farmers in Oklahoma might benefit from as they grow concerned over the viability and success of their wheat crops, currently underperforming in the many farmersí minds as extreme drought persists in the state.
According to Anderson, many farmers are currently considering corn, milo, soybeans and/or cotton. But, based on the marketís current offering on these crops - Anderson says the most profit rests with soybeans.
Given the breakeven price of $8.50 for the variable cost of soybeans at a production rate of 25 bu./ac. stacked against a harvest delivery price now reported at approximately $9.10, Anderson says a producer stands to profit nearly $0.60 a bushel. Thatís a better deal, he says, than one would get for either corn or milo - both currently at their breakeven price of $3.35 a bushel.
The price of wheat being offered right now falls just a penny under the breakeven for variable cost based on a 35 bu./ac. estimate of $4.31, plus or minus $0.20 depending on your location. However, Anderson says producers may be able to command a price of up to $5.00 if they are able to deliver a quality product with high test weight and protein.
You can watch their visit tomorrow or Sunday on SUNUP- but you can hear Kim's comments right now by clicking on the LISTEN BAR below.
Beyond Lyndall's weekly chat with Dr. Anderson- the SUNUP crew has a very full lineup for your viewing this weekend:
This week on SUNUP, we start with an update on the canola crop with Josh Lofton. He also has advice on summer crops for the 2018 season.
- In Cow-Calf Corner, Glenn Selk points out why the first four minutes of a backward birth can mean life or death for a newborn calf.
- Dave Lalman explains what implants can mean for growth potential of calves.
- In the Mesonet weather report, Al Sutherland shows us the only three Mesonet sites that recorded more than a quarter inch during the last rain event.
- Finally, we talk with producers at the 10th annual No-Till Oklahoma Conference about making the switch in soil management.
Join us for SUNUP:
Saturday at 7:30 a.m.
Sunday at 6 a.m. on OETA-TV
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