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UNL Extension updates Panhandle historical crop price reportNebraska University of Nebraska-Lincoln Extension has issued an annual update to its report on historical 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. The title of the report is "Historical Crop Prices, Seasonal Patterns, and Futures Basis for the Nebraska Panhandle, 1992-2012." To access the report, go to http://panhandle.unl.edu/web/panhandlerec/panhandle_ag_econ. The report also can be obtained by contacting Johnson at 308-632-1247 or jjohnson@unl.edu. Date: 11/5/2012
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