Category: Ag News

Tue, 11 Oct 2022 15:11:27 CDT

The U.S. Department of Agriculture and the Oklahoma Department of Agriculture are now putting the Daily Cash Grain Report into a PDF format – we are saving that PDF and archiving them for today’s specific report. To see today’s update, click on the PDF report link at the bottom of this story.

In addition to the PDF of the daily report, you can also listen to the Cash Grain Report by calling 405-621-5533. Push 2 for the grain report.

Click here: 04359_OklaCashGrain10112022.pdf

Tue, 11 Oct 2022 14:38:17 CDT

Combine harvester sales grew in September for both the U.S. and Canadian markets, while total tractors fell in both countries according to the latest data from the Association of Equipment Manufacturers (AEM).

Total U.S. ag equipment unit sales stayed above the 5-year average for the second month since April 2022. U.S. total farm tractor sales fell 12.8 percent for the month of September compared to 2021, while U.S. self-propelled combine sales for the month grew 6.6 percent, slowing the previous month’s gains. The 100+ horsepower 2WD tractor segment was again the only positive segment in the U.S., up 9.6 percent, while mid-range tractors between 40 and 100 horsepower were down 10.2 percent, and the sub-40hp segment fell 16.3 percent. Total farm tractor sales are down 14.3 percent year-to-date, a slight improvement from the previous month, while combine harvester unit sales growth streak, now at four months, have the segment up 3.4 percent year-to-date.

In Canada, growth in the majority of segments led to the first 2-month growth streak of the year, with growth led by combine harvesters, up 105.6 percent. Overall unit sales in tractors were down 0.9 percent, with 4WD units leading sales again, up 64.3 percent year-on-year. Unit sales in 2WD segments fell 1.6 percent due to a 13.1 percent decline in the sub-40hp segment. Both mid-range (+12.5 percent) and 100+ hp units (+41.1 percent) were positive. Year-to-date farm tractor unit sales cut their losses, now only down 6 percent in Canada, while harvesters are only 1 unit off their pace this time last year, currently at 1,241 units sold.

“The ag equipment market, as with most markets for manufactured goods, is turbulent,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “Farmers want to take advantage of the efficiency gains and technology that new equipment brings to their operations, especially with commodity markets being as positive as they are. However, supply chain difficulties continue to weigh on our member manufacturers’ deliveries.”

The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.

To read the U.S. report, click here.

To read Canada’s report, click here.

Tue, 11 Oct 2022 14:36:38 CDT

United Soybean Board, Qualified State Soybean Boards and the Soy Transportation Coalition funds research and analysis to enhance infrastructure in Pacific Northwest.

To provide efficient access and bols…

Tue, 11 Oct 2022 14:00:22 CDT

Click here to listen to audio

Listen to today’s report with Justin Lewis, by clicking or tapping on the LISTEN bar

Tue, 11 Oct 2022 12:45:25 CDT

The American Farm Bureau Federation and National Pork Producers Council presented oral arguments before the U.S. Supreme Court today, challenging the ability of one state to set agricultural production stand…

Tue, 11 Oct 2022 12:24:01 CDT

Today, the National Cattlemen’s Beef Association (NCBA) reaffirmed support for the National Pork Producer’s Council (NPPC) following Supreme Court oral arguments in the case NPPC v. Ross.

&l…

Tue, 11 Oct 2022 11:09:02 CDT

U.S. Macroeconomic Indicators & the Cotton Supply Chain
October 2022

Macroeconomic Overview: The International Monetary Fund (IMF) will release an updated set of estimates for global economic growth in…

Tue, 11 Oct 2022 10:56:53 CDT

The National Sorghum Producers board of directors elected officers and new directors at its annual board and budget meeting in August. Craig Meeker of Wellington, Kansas, was selected as chairman of the orga…

Tue, 11 Oct 2022 10:40:29 CDT

Looking at the last 7 days we have seen some precipitation across the state, but State Climatologist Gary McManus says we still aren’t seeing any drought-relief. McManus says its more like “Drought delaying” relief at most.

He says.”We need a whole lot more. Even for the last 30 days, that was still just a blip in our secondary rainy season where we should be seeing a statewide average of about 3.5″ or so. And that period is still the second driest in the last 100 years.”

McManus says we will see a few chances of rain throughout the day and tomorrow, then over the weekend, but said not to expect much accumulation, We’ll be dealing with another of those closed low situations (and we all know just how painful that can be) in the Desert Southwest. At least I think it looks like a closed low in the forecast models as it wanders around. Whenever it decides to meander over this way, it might bring some rain to the area later on, but still not sure about that one.”

We also have to be prepared for fire danger, “Now with the dead vegetation hanging around due to the drought and our elongated summer weather, anytime one of these fronts moves into the area the winds will kick up and we’ll see elevated fire danger. Not into the extreme territory just yet, but we’re just getting started.”

If you have been wanting colder air, McManus says that is on the way, “There should be some actual COLD air coming our way next week with a large area of winter plunging into the eastern half of the U.S. bulges its way towards us, even as that upper-low across the Desert SW allows for some rain in our western areas.”

To read more from State Climatologist, Gary McManus visit his Ticker here:

Tue, 11 Oct 2022 09:30:21 CDT

Farmers National Company is pleased to announce that Chace Daley has joined as senior vice president of energy, based in Tulsa, Okla.

Chace has 14 years of oil and gas experience in private practice and leading oil and gas companies, guiding more than $1.6 billion in oil and gas transactions. Chace served as vice president of land and general counsel of Sage Natural Resources in Tulsa, Okla., where he managed all land, division order, and legal functions of the company and organically built high-value leasehold positions and drilling inventory. Prior to Sage, Chace served as lead in-house counsel for all operational facets of Samson Resources Company in Tulsa, Okla., across 14 states. Prior to Samson, Chace served as an attorney at Hall Estill, P.C.

Chace received his MBA, with a focus in energy, from the University of Tulsa; his J.D. from Washington and Lee School of Law; and his BSBA. from the University of Missouri.

In his new role, Chace will lead Farmers National Company’s Energy business, including oil and gas asset management, leasing, sales, and renewable energy. “Chace is a dynamic leader, adept at building honest and trusting relationships with clients, peers, and direct reports. He is an experienced land and legal executive who will bring operational skills and strategic perspective to help our business continue to grow.” said Clayton Becker, President.

“Farmers National Company has a legacy of high performance and leadership across the land, energy and specialty asset management that is self-evident from the breadth of its services, the loyalty of its customer base and the unmatched skill and experience of its people,” said Daley. “I’m grateful for the opportunity to join this company that is well-positioned to meet the ever-evolving needs of property managers everywhere. In particular, I look forward to leading our team of energy experts as we walk side-by-side with our customers to tackle the challenges and opportunities presented by the sourcing of our domestic and global energy needs today.”

Farmers National Company, an employee-owned company, is one of the largest independent oil and gas management firms in the country. Located in the heart of the nation’s oil and gas production region, the company’s industry experts include Certified Professional Landmen, Registered Professional Landmen, Certified Mineral Managers, Certified Lease and Title Analysts, accountants and geologists. Additional services provided by the company include Farm and Ranch Management, Real Estate Sales, Appraisals, Insurance, Consultations, Hunting Lease Network, Forest Management, and FNC Ag Stock. For more information, visit the Farmers National Company website at www.FarmersNational.com.