South West Farm Press Logo

A new year and a new outlook. See what economists have to say about the upcoming year.

Shelley E. Huguley, Editor

January 3, 2022

2 Min Read
Shelley E. Huguley & Sandy Perry

Happy New Year! Welcome to 2022! I can't wait to see what this next year holds! Did you make any New Year's resolutions? Personally, I'm hoping to say no more than I say yes, increase the amount of sleep I receive and get back to a consistent exercise schedule – a regimen I seem to abandon every year when the craziness of November and December hits. I'll keep you posted! 

Southwest Farm Press is kicking off 2022 with its Economic Outlook issue. Every January, Southwest Farm Press partners with economists and specialists from Oklahoma State University and Texas A&M AgriLife Extension to provide an economic overview of the upcoming production year.  

An economist/specialist from each institution jointly write an outlook article highlighting topics such as ag finances and ag policy to commodities such as livestock, cotton and grain. A trade and an overall U.S. economic outlook are provided as well.   

See, U. S. economic outlook and agricultural implications for 2022 

This year's outlook seems to be filled with cautious optimism. But isn't that farming every year? My farmer and I are having lots of discussions about do we buy inputs now and store them or do we wait to see if the price drops at the risk of availability? And if we are going to buy ahead, what are we going to plant and therefore need? Lately, due to the drought, we don't make next year's crop decisions this soon.

Another factor is weather. The drought has returned after a last summer's brief reprieve. That too influences what we can and can't grow. Lots of questions. We did decide to purchase Roundu;. When I asked my farmer how much it was, I immediately followed his answer with, "Do we have this insured?"  

No matter the outlook, my farmer, like many of you, is always looking for areas to cut back and increase efficiency. He'll do the same again this year. There are a lot of unknowns but that's nothing new for our industry. We'll take it a day at a time, pray for wisdom, run budgets and make the best decisions we can. It's what we do. 

As my farmer begins his 38th year producing this nation's food and fiber, Southwest Farm Press kicks off its 48th year telling the story of agriculture and providing information we intend to be helpful to this region's growers.  

What information would be helpful to you and your operation this year? What would ease your decision-making process? I don't think anyone makes more decisions in such a variety of areas like producers. And the weight of each of those decisions is heavy, especially with narrow profit margins. We want to do what we can to help lessen the load, so text or email at [email protected]. I may not be able to cover every topic, commodity or region suggested but I'll sure try! Happy New Year!  

About the Author(s)

Shelley E. Huguley

Editor, Southwest Farm Press

Shelley Huguley has been involved in agriculture for the last 25 years. She began her career in agricultural communications at the Texas Forest Service West Texas Nursery in Lubbock, where she developed and produced the Windbreak Quarterly, a newspaper about windbreak trees and their benefit to wildlife, production agriculture and livestock operations. While with the Forest Service she also served as an information officer and team leader on fires during the 1998 fire season and later produced the Firebrands newsletter that was distributed quarterly throughout Texas to Volunteer Fire Departments. Her most personal involvement in agriculture also came in 1998, when she married the love of her life and cotton farmer Preston Huguley of Olton, Texas. As a farmwife, she knows first-hand the ups and downs of farming, the endless decisions made each season based on “if” it rains, “if” the drought continues, “if” the market holds. She is the bookkeeper for their family farming operation and cherishes moments on the farm such as taking harvest meals to the field or starting a sprinkler in the summer with the whole family lending a hand. Shelley has also freelanced for agricultural companies such as Olton CO-OP Gin, producing the newsletter Cotton Connections while also designing marketing materials to promote the gin. She has published articles in agricultural publications such as Southwest Farm Press while also volunteering her marketing and writing skills to non-profit organizations such as Refuge Services, an equine-assisted therapy group in Lubbock. She and her husband reside in Olton with their three children Breely, Brennon and HalleeKate.

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like