This Week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson talks about takeaways from the 2023 Rural Economic Outlook Conference, which took place on October 11 at Oklahoma State University.
“It is almost impossible to predict price, but you have to estimate prices so that you can develop budgets and you can compare different crops and different enterprises to see which one would be the most profitable for you,” Anderson said. “Then, we talked about the change in land use in Oklahoma over the last four years.”
With land use in mind, Anderson said since the mid-80s, cropland has declined from about 14 million acres to a little less than 12 million.
“You look at the pasture or the range or the hay land; it increased from 16 million acres to 22 million acres,” Anderson said. “Wheat-planted acres has declined from 8 million to 4.5 (million acres). Corn has increased from 100,000 acres to about 400,000 acres, and soybeans are from 300,000 (acres) to 500,000 (acres).”
Anderson said cotton acreage declined from the 80s to the 90s, then increased in the last couple of years.
As for advice for producers, Anderson said it is essential that producers have a plan and a strategy.
“Be flexible,” Anderson said.
This week on SUNUP:
- Bart Fischer, Texas A&M agricultural and food policy center co-director, discusses his recent Farm Bill presentation at the 2023 Rural Economic Outlook Conference. He also tells us about Southern Ag Today, which is a website that provides daily peer-reviewed articles that focus on issues producers face.
- Wes Lee, OSU Mesonet agricultural coordinator, looks at the average first freeze dates in the state. State climatologist Gary McManus says drought is expanding.
- Derrell Peel, OSU Extension livestock marketing, explains why herd rebuilding is at a standstill.
- Kim Anderson, OSU Extension grain marketing specialist, discusses his recent talk at the Rural Economic Outlook Conference about benchmarks in the grain markets.
- Mark Johnson, OSU Extension beef cattle breeding specialist, explains why manure scoring is so important to a cattle operation.
- SUNUP previews the upcoming OK-Fire workshops.
- Finally, SUNUP travels to Muskogee County to shop at a mobile market organized by OSU Extension and other state agency partners.
Watch SUNUP:
Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
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