This week on SUNUP is Oklahoma State University Extension grain market economist Kim Anderson. During this week’s edition, Anderson gives his weekly update from the fields of Lahoma at the OSU Lahoma Field Day.
“Out here, the farmers and ranchers are learning about raising wheat,” Anderson said. “They are learning how to produce it, they are learning soil fertility, and they are learning about production. All of that information on production has no value unless you can convert it to economics. You have got to know what the bottom line for each alternative is, and what the probabilities are that it is going to generate profit so you can select the one with the highest profitability to keep you in business.”
Looking at the prices from 2009 to 2013, Anderson said Oklahomans can easily see that is best to sell their wheat throughout the June, July, and August time period.
“The big point is, from the high to the low on the average, was $1.83, plus or minus 90 cents,” Anderson said. “Losing $1.83 because you sold it at the wrong time is a big problem. What you need to do when you are selling your wheat is to stagger it over that three-month time period, because you don’t know if the highest price is going to be at the beginning or the end.”
This week on SUNUP:
- Highlights from the recent Wheat Field Day at the North Central Research Station at Lahoma.
- Amanda De Oliveira Silva, OSU Extension small grains specialist, talks about the research trials at Lahoma and how varieties are performing this year.
- In the Mesonet weather report, state climatologist Gary McManus analyzes the current drought monitor, pasture and range conditions, rainfall totals and the drought outlook.
- Brett Carver, OSU wheat geneticist and chair of the Wheat Improvement Team, discusses the latest variety research in part one of a two-part interview at Lahoma.
- Mark Johnson, OSU Extension beef cattle breeding specialist, offers a handy spring checklist for timely herd management guidance.
- Kim Anderson, OSU Extension grain marketing specialist, is in the field at Lahoma talking with producers about the best times to sell wheat.
- Wheat harvest is officially underway and the Oklahoma Wheat Commission providing regular harvest progress reports.
- Marley Beem, OSU Extension aquaculture specialist, explains why it’s important to keep an eye on your ponds after heavy rainfall.
Oklahoma Agriculture Starts at SUNUP!
Weekly Statewide Broadcast: Saturday at 7:30 a.m. & Sunday at 6 a.m. on OETA (PBS)
Anytime: YouTube.com/SUNUPtv
