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Monthly Panhandle Crop Reports
Ag producers need up-to-date information about local cash markets to make informed marketing decisions. Monthly Panhandle Crop Reports, compiled by the Panhandle Research and Extension Center, are a simple way to access area cash prices.
This report includes local data for corn, wheat, proso millet, pinto beans and great northern beans and state average price data for sorghum and alfalfa, using data from local elevators, the Kansas City Board of Trade, the Chicago Board of Trade and NASS Nebraska Field Office.
Corn and wheat reports include monthly average local elevator prices, respective futures prices and resulting basis. The remaining crops will report monthly average cash prices. Each commodity section will also report the previous 10 years of data. This historical data will allow producers to view area monthly price trends as well as view the 5 year and 10 year price average for each month.
For more information about this data contact:
Jessica Johnson
Agricultural Economics – Asst. Extension Educator
Phone: 308-632-1247
Email: jjohnson@unl.edu
Twitter: PanhandleAgEcon
May 2013 Report
Updated Panhandle historical crop price report for 2012
Extension has issued the annual update to its report on crop prices in the Panhandle:
The report is useful as a marketing tool for agricultural producers, according to Jessica Johnson, Extension Educator in agricultural economics, one of three authors of this year’s update. The others are Extension Educators Tom Holman and Matt Stockton, ag economist at the UNL West Central Research and Extension Center at North Platte.
The report provides a basic price analysis for significant crops in the Panhandle to help growers and others make the best possible marketing and production decisions. It lists historical crop prices and seasonal patterns for corn, wheat, proso millet, sorghum, alfalfa hay, and dry edible beans. For corn and wheat, which are traded on futures commodity markets, the report also compares local cash prices to national futures prices to establish local basis.
Depending on the crop, the prices are collected from local elevators and monthly USDA reports. Corn futures are reported by the Chicago Board of Trade and wheat futures are from the Kansas City Board of Trade.
It has been posted on the UNL Panhandle Research and Extension Center’s web site. Either browse to the Panhandle Center home page at panhandle.unl.edu and click on a link to the report.
The report also can be obtained by calling Johnson at 308-632-1247, or email her at jjohnson@unl.edu.
Other Ag Economics News:
World Market Movement Indicators: Wheat
Economists are often asked: What do you think prices will do next? The truth is, no matter how much anyone watches the market; they can never be 100 percent accurate in predicting where it will go next. So many factors play into supply and demand; it is often difficult to predict which force will have the greatest influence. Producers are generally well informed about domestic markets. However, identifying and tracking international market signals is more of a challenge, so valuable insight can help in making informed marketing decisions.
Other useful resources
Current Land Values and Cash Rental Rates
(From Landlord-Tenant Land Lease Workshop, Dec. 18, 2012)
Presentation to FSA Lenders -- Nov. 29, 2012
Current Topics: DROUGHT
University of Nebraska- Lincoln Drought Resources
U.S. Drought Monitor
Nebraska Department of Agriculture Hay Hotline Call the hotline at 1-800-422-6692 to list the forage you have or to list your need for forage.
Emergency Haying and Grazing of CRP from FSA
Other FSA Disaster Assistance Programs
USDA RMA Crop Insurance and Drought-Damaged Crops FAQ
Crop Production
Certifying forage : Nebraska Weed Control Association
USDA Reports
AMS Wyoming, Western Nebraska, and Western South Dakota Weekly Hay Summary
World Agricultural Supply and Demand Estimates
Nebraska Land Value and Lease Information
Nebraska Farm Real Estate Website
2011-2012 Nebraska Farm Real Estate Market Development Highlights