Oklahoma Farmers Might See Increased Profits From Crops This Year

Feb 02, 2021

By Seth Bodine

Oklahoma farmers might see an increased profit due to an increase in price for crops like wheat, corn, cotton, soybeans and grains.

Kim Anderson, an Oklahoma State University extension economist, says the price of crops like wheat and corn have increased by about a dollar, and soybeans have seen about a $4 increase compared to last year.

Last year, an increase in world production of wheat created a global surplus that pushed wheat prices down. That meant that U.S. farmers saw about a 20 cent decrease in price, which posed a challenge for some farmers to break even.

The COVID-19 pandemic caused an increase in demand for the crops around the world this year, driving up the price, Anderson said.

“Countries have decided that they need a higher supply our stocks, emergency supply,” Anderson said. “And as they try it as they attempted to build that, that drove up world prices, and drove up food prices in places like Russia.”

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Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

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