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Weather conditions are the number one factor influencing agriculture production. These weather conditions can leave ranchers with limited feed options for their cattle but at the same time also provide opportunity to access low-quality feeds at decreased costs.
A common concept introduced in agricultural economics courses that focus
on risk is that of the “natural hedge.” To summarize, the natural hedge
relates to the commonly observed phenomena in some crop markets in
which prices and yields tend to have an inverse relationship.
Consider the story of two stonemasons (as told in Start with Why, by Simon Senek). A person walks up to a stonemason and asks, “Do you like your job?” The stonemason replies, “I’ve been building this wall for as long as I can remember. The work is monotonous. I work in the scorching hot sun all day.
Cereal crops are best known as primary ingredients for flour and beverages like beer. However, they are also an important source of nutrients for livestock.
Growing winter forages, a great way to increase available inventory, maximizes the productivity of your land base. Fully one-third of sunlight received in temperate zones comes during the winter season.
Small-grain winter annual grass crops are commonly used as forages across the U.S. in many livestock production systems as grazed and stored (hay and silage) forages. Small- grain crops include wheat, oats, rye, triticale and barley.
