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ISSUE DATE: 05/27/2013

Risk management strategies key to weathering wheat markets

By Jennifer M. Latzke

Six spring freeze events over the course of five weeks in March and April were not what winter wheat farmers ordered in the High Plains region. Combined with ongoing drought—the worst since the 1930s in many parts—these weather events covering the High Plains had the wheat industry cautious about the final 2013 crop yield. And farmers are rethinking their risk management strategies in preparation for lower yields.

On May 2, the 2013 Wheat Quality Council Winter Wheat Tour estimated the Kansas wheat crop to yield about 313.8 million bushels. The Oklahoma Wheat Commission estimated production at about 85.5 million bushels, down significantly from 154.8 million bushels in 2012. In parts of eastern and southeastern Colorado, extreme drought took the 2013 crop and left fields and roads with dirt drifts.

The National Agricultural Statistics Service released its Crop Progress Report May 6, which showed Colorado’s winter wheat condition at over half the crop at very poor and poor conditions, with just 31 percent at fair. Kansas’s wheat was rated 33 percent fair, and 24 percent good; 21 percent poor and 19 percent very poor. Oklahoma wheat was at 35 percent fair, with 27 percent poor and 18 percent very poor.

In Texas, the report was startling, with 46 percent of the winter wheat rated very poor, 28 percent rated poor and only 26 percent rated fair, good or very good.


NEWS

Arkansas snow sets record
Bumpers College awards diploma to first graduate in online master's program
FSA administrator urges producers to enroll in DCP, ACRE
House bill creates guest worker program for agriculture
House panel approves farm bill; Senate debate begins
KFU tour of Kansas City to provide inside look at agriculture
USDA issues final rule to amend labeling provisions under COOL
USDA issues final rule to amend labeling provisions under COOL

CROPS

ASA opposes nationwide biotech labeling bill
Corn and soybean prices continue to retrace 2012 drought rally
Corn crop is slow to emerge, but outlook is hopeful
Experts: Transforming scientific knowledge into ag practices and policy is essential
'Flag the Technology' aids herbicide application
Follow do's and don'ts for direct harvest of dry edible beans
Gardner Wheat Tour scheduled for May 31
Governor's Cup wine competition winners announced
Grain Science honors alumni, service to industry
Hoffman Harvesting crew all aboard for an unpredictable harvest season
Jack Frost continues to take bites out of Texas wheat
Kansas Corn thanks Roberts and Moran for biotech regulation letter
Kansas State scientists awarded $5.5M for wheat and rice blast research
K-State researcher on international team that builds wheat genome physical map
Looking at weather effects on crops
Manage spring wheat freeze injury
Nebraska Agricultural Leadership Council elects new officers
NMSU faculty honored at New Mexico Organic Farming Conference
NRCS announces new edge-of-field water quality monitoring
NSP names legislative committee appointees
OFB president re-elected to national board
Outlook for peaches, other fruit crops good thanks to colder weather
Peach crop may have been cut by freeze
Plant corn before soybeans
Risk management strategies key to weathering wheat markets
Roland Harvesting crew 'homesick' for harvest
Sorghum Checkoff conducts ethanol trial
State Conservation Board elects president
Survey queries Wyoming landowner views on conservation easements
The Z Crew prepares for another summer on the harvest trail
UW entomology doctoral student receives $32,000 fellowship
Watch and wait
Weed-free certification an option for wheat crop damaged by recent freeze

LIVESTOCK

2013 Iowa Swine Day to feature nationally recognized speakers
6 Kansans receive livestock foundation awards
61 Chop House Grille crowned Iowa's Best Burger
Abilene, Kan., veterinarian recognized by alma mater
American Hereford Association announces interns
American Shorthorn Association selects summer interns
Beef Improvement Federation to meet in Oklahoma City
Cattle on feed numbers released
Dairy Calf & Heifer Association names scholarship recipient
ICA names young producers taking part in 2013 leadership program
Iowa Pork Industry Center will offer PQA Plus 2.0 Advisor certification sessions
KCA recognizes industry leaders
Lice infestations reported in Missouri cattle
Manage For Profit symposium to cover calf election and marketing strategies
Missouri Cattlemen's Association supports youth labor legislation
Missouri family honored for historic herd
Nebraska ag group opposes Johanns' effort to repeal COOL
Nebraska cattle group upset with EPA's disclosures
Nebraska Cattlemen executive vice president announces plans to step down
Nebraska Cattlemen kick off 125th anniversary celebrations with midyear meeting
North American International Livestock Exposition set for November
Oklahoma livestock owners donate cattle and pigs to food bank
Pig pen Producers should get choice on production practices
Pig stress syndrome linked to gene defect
Poor forage conditions a challenge for U.S. beef industry
Post-tornado composting may be solution for disposal of dead livestock, large animals
Registration now open for Iowa Swine Day 2013
SD stockgrowers thank Noem for support of COOL
Sen. Moran introduces Veterinary Medicine Mobility Act
Shorthorn offers opportunity to travel abroad
Sign-up for Missouri Steer Feedout is underway
Swine virus investigation underway in Iowa
Veterinary Diagnostic Laboratory testing for porcine virus
Veterinary medicine professor recognized for outstanding industry support
YSA members gain insight into agribusiness, retail industries

EDITOR

Handle food with care
New approaches, similar roadblocks
The train hasn't quite left

COLUMNS

Farm versus food
Like it or not, you need to have facts
Manufacturer of livestock feeding equipment unveils new mixer box
Oklahoma tornado puts other problems in perspective
Product provides post-emergent weed control with low risk of resistance
Tubular frames protect transfer pumps
Uncertainty on corn crop options natural question

MARKETS

Aberdeen cattle sales report
Aberdeen livestock auction report
Ada livestock auction report
Alfalfa conditions mostly good new mexico
Amarillo livestock auction summary
Amarillo livestock sales report
Apache livestock auction report
Arkansas livestock auction report
Bloomfield feeder cattle auction report
Clovis livestock auction summary
Colorado feeder cattle auction summary
Corn planting advances quickly
Corn, wheat close lower
Dalhart livestock auction report
Dodge City livestock sales report
Farmers make significant planting progress
Farmers plant over 2M acres
Favorable weather contributes to significant planting progress arkansas
Ft. Smith livestock auction report
Georgia livestock auction summary
Good week for planting in most areas
Grain market close
Hay trading is slow
High Plains slaughter news
High Plains slaughter sales report
Hot, dry conditions help producers make up planting delays
Joplin livestock auction report
Lexington livestock auction report
McAlester livestock market report
McAlester livestock market report
More winter wheat reaches jointing stage
Most hay trading steady, others have limited supply
North Arkansas livestock auction report
North Arkansas livestock auction report
Ogallala livestock market report
OKC West livestock auction report
OKC West sheep and goat auction report
Planting of corn, cotton, sorghum progresses
Planting progresses in state ahead of severe weather
Pratt 3 p.m. livestock sales report
Pratt livestock auction report
Producers make good progress planting corn kansas
Salina livestock auction report
San Angelo livestock auction report
Springfield livestock auction report
Springfield livestock market report
Superior video auction report
Temps, drier soils accelerate spring planting
Texas Direct livestock auction report
Tulia livestock auction report
Tulsa livestock auction report
Weather allows for 5.4 days of fieldwork
West Plains livestock auction report
West Plains Regional livestock sales
Woodward livestock market report

RANGE

Amazing Grazing project funded
Army cutworms need to be monitored in alfalfa
Field day shows students importance of Kansas grasslands
Grassed waterways are an ecological lifesaver
Include a drought clause in your grazing lease
Make the most of your summer pasture
Slow-growing pastures need more warmth, not added fertility
To raise quality, make hay before seeds set

FAMILY

4-Hers attend Leadership Development Conference
Adventures in grilling
Beekeeping 'beeginners' get hives of their own
'Colorful Santa Fe' part of educational bus tour
Extension to host fitting clinic in Hill City
Find a funky nest!
Follow de-cluttering strategies when spring cleaning
Have the best summer ever
Helpful household tips
Meditation
Spacious Sophora needs lots of acreage
Students tell visual stories in photography course
Taste Arkansas-grown goodies at Horticulture Field Day May 30
Trying new recipes

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