Wheat Prices Not Looking Good For Local Farmers - Newschannel 6 Now | Wichita Falls, TX

Wheat Prices Not Looking Good For Local Farmers

VERNON, TX (KAUZ) -

The rain across Texoma on Tuesday is much needed as winter wheat crops prepare to break dormancy.

Professor & Extension Economist Stan Bevers in Vernon says even with water in stock tanks the top soil is starting to get dry and wheat prices aren't looking good.

"We're starting to get dry as the drought monitor has kind of been telling us," said Bevers. 

Cash wheat prices are below four dollars a bushel. Bevers says it's going to require about $5.50 to put in a crop and harvest it. 

"If I'm sitting here trying to grow wheat and harvest it for a wheat crop I'm not going to make much money on it. Matter fact, I'm going to lose," Bevers said. 

That could lead to a challenging year ahead.

"Anytime we have low prices like this for a sustained amount of time, the way most farmers and ranchers overcome that is trying to have the highest production they can get," Bevers said. "Moisture has to help us, the good Lord has to help us bring the moisture. High production will help us offset some of these lower prices. "

In the North Texas area and in Southern Oklahoma the crop insurance pull off date is March 15. Crop insurance helps protect farmers if their yields are low. 

Bevers says those with stocker cattle on wheat pastures need to start deciding now whether to keep cattle out on the fields or pull them off. 

Copyright 2016 KAUZ News All Rights Reserved

  • News HeadlinesNewsMore>>

  • The Latest: Barbara Bush procession arrives at Texas A&M

    The Latest: Barbara Bush procession arrives at Texas A&M

    Saturday, April 21 2018 10:44 AM EDT2018-04-21 14:44:47 GMT
    Saturday, April 21 2018 5:26 PM EDT2018-04-21 21:26:54 GMT
    (AP Photo/Evan Vucci). Attendees arrive at St. Martin's Episcopal Church for a funeral service for former first lady Barbara Bush, Saturday, April 21, 2018, in Houston.(AP Photo/Evan Vucci). Attendees arrive at St. Martin's Episcopal Church for a funeral service for former first lady Barbara Bush, Saturday, April 21, 2018, in Houston.

    Guests have begun to arrive at St. Martin's Church in Houston for the funeral of former first lady Barbara Bush.

    Guests have begun to arrive at St. Martin's Church in Houston for the funeral of former first lady Barbara Bush.

  • Barbara Bush was 'first lady of the greatest generation'

    Barbara Bush was 'first lady of the greatest generation'

    Saturday, April 21 2018 12:04 AM EDT2018-04-21 04:04:04 GMT
    Saturday, April 21 2018 5:26 PM EDT2018-04-21 21:26:42 GMT
    (AP Photo/Evan Vucci). Mourners pause as former U.S. first lady Barbara Bush lies in repose during the visitation of former first lady Barbara Bush at St. Martin's Episcopal Church, Friday, April 20, 2018, in Houston.(AP Photo/Evan Vucci). Mourners pause as former U.S. first lady Barbara Bush lies in repose during the visitation of former first lady Barbara Bush at St. Martin's Episcopal Church, Friday, April 20, 2018, in Houston.

    As the outpouring of tributes continues for Barbara Bush, the general public can pay its respects to the former first lady.

    As the outpouring of tributes continues for Barbara Bush, the general public can pay its respects to the former first lady.

  • Trump says he doesn't think personal lawyer will 'flip'

    Trump says he doesn't think personal lawyer will 'flip'

    Saturday, April 21 2018 9:14 AM EDT2018-04-21 13:14:09 GMT
    Saturday, April 21 2018 5:26 PM EDT2018-04-21 21:26:13 GMT
    (AP Photo/Mary Altaffer, File). FILE - In a Monday, April 16, 2018, file photo, Michael Cohen, President Donald Trump's personal attorney, center, leaves federal court, in New York. Federal prosecutors said they can give President Donald Trump's person...(AP Photo/Mary Altaffer, File). FILE - In a Monday, April 16, 2018, file photo, Michael Cohen, President Donald Trump's personal attorney, center, leaves federal court, in New York. Federal prosecutors said they can give President Donald Trump's person...

    President Donald Trump says he doesn't expect personal lawyer Michael Cohen to "flip" as the government investigates Cohen's business dealings.

    President Donald Trump says he doesn't expect personal lawyer Michael Cohen to "flip" as the government investigates Cohen's business dealings.

Powered by Frankly