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We
invite you to listen to us on great radio stations
across the region on the Radio Oklahoma Network
weekdays- if you missed this morning's Farm News - or
you are in an area where you can't hear it-
click
here for this morning's Farm news
from Ron Hays on RON. More from the Senate Farm
Bill Debate in this Morning's
report.
Let's Check the
Markets!
Today's
First Look:
Ron
on RON Markets as heard on K101
mornings
with cash and futures reviewed- includes where the Cash
Cattle market stands, the latest Feeder Cattle Markets
Etc.
Okla
Cash Grain:
Daily
Oklahoma Cash Grain Prices- as reported
by the Oklahoma Dept. of Agriculture.
Canola
Prices:
Current
cash price for Canola is $12.22 per bushel at the Northern
Ag elevator in Yukon as of the close of business
yesterday.
Futures
Wrap:
Our
Daily Market Wrapup from the Radio
Oklahoma Network with Ed Richards and Tom Leffler-
analyzing the Futures Markets from the previous Day.
KCBT
Recap:
Previous Day's Wheat Market Recap-Two
Pager from the Kansas City Board of Trade looks at all
three U.S. Wheat Futures Exchanges with extra info on
Hard Red Winter Wheat and the why of that day's
market.
Feeder
Cattle Recap:
The
National Daily Feeder & Stocker
Cattle Summary- as prepared by USDA.
Slaughter
Cattle Recap:
The
National Daily Slaughter Cattle
Summary- as prepared by the USDA.
TCFA
Feedlot Recap:
Finally,
here is the Daily Volume and Price Summary from
the Texas Cattle Feeders Association.
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Oklahoma's
Latest Farm and Ranch News
Your
Update from Ron Hays of RON
Thursday,
June 21,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Senate Embraces
Coburn-Durbin High Earner Means Test as Well as
Conservation Compliance on Crop Insurance- Senate
Farm Bill Debate Update
Work
on the farm bill continued in the Senate
Wednesday. The vote on final passage of the
measure is expected on Thursday afternoon, with
Senate Majority Leader Harry Reid
expressing the hope of being done by 3 PM
Washington time- Reid calling the progress
adequate on Wednesday afternoon with mostly just
the non germane amendments left to consider, along
with the debate and vote on the actual 2012 Farm
Bill as amended to this point.
On
Wednesday at least 35 amendments were voted on in
a combination of voice votes and recorded votes.
Oklahoma Senator Tom Coburn was
successful in his attempt to limit subsidies for
millionaires and raise premiums for farmers with
an adjusted gross income in excess of 750-thousand
dollars.
On
the Coburn-Durbin amendment relating to Crop
Insurance premium subsidies- Scott
Farber of the Environmental Working Group
was very pleased- "Thanks to the leadership of
Senators Coburn and Durbin, the Senate today
adopted a common sense reform to our crop
insurance subsidies that will help level the
playing field for family farmers. We applaud the
senators for their efforts to place reasonable
limits on crop insurance, which has become the
primary safety net for farmers, that will simply
require the largest and most profitable farm
businesses to share a fair share of their risk
protection costs with the taxpayer."
In
what could be considered a "wow" moment
during the debate- the Senate approved an
amendment to establish highly erodible land and
wetland conservation compliance requirements for
the Federal crop insurance program- as offered by
former Chairman of the Committee, Saxby
Chambliss of Georgia. That measure passed
52-47 and came over the objections of Chairlady
Debbie Stabenow, who told
reporters earlier in the day that we should not go
that direction because we need to encourage as
many farmers as is possible to sign up for crop
insurance to make the pool of those insured as
large as is possible to spread risk nationally.
Several agricultural groups expressed their
disappointment in that vote- including the
National Corn Growers Association. Their
President, Garry Niemeyer,
offered this statement after the vote- "The
National Corn Growers Association is very
disappointed to see passage of Senator Saxby
Chambliss' conservation compliance for crop
insurance amendment in the 2012 farm bill. Our
members have spent a significant amount of time
discussing this issue and feel this addition to
the farm bill would have a negative impact toward
America's farmers.
Click here to read more of our
coverage from the Wednesday floor action- as
well as a chance to hear our audio overview
featuring comments from Dr. Coburn and Pat Roberts
on Crop Insurance.
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Sponsor
Spotlight
We welcome
Winfield Solutions and
CROPLAN Genetics as a sponsor of
the daily email- and we are very excited to have
them join us in getting information out to wheat
producers and other key players in the southern
plains wheat belt more information about the
rapidly expanding winter canola production
opportunities in Oklahoma. CROPLAN has had
three varieties in the winter canola trials this
year- all three Glyphosate resistant-
HYC115W, HYC125W and HYC154W. Click here for more information on
the CROPLAN Genetics lineup for winter
canola.
We
are also excited to have as one of our sponsors
for the daily email Producers Cooperative Oil
Mill, with 64 years of progress through
producer ownership. Call Brandon Winters at
405-232-7555 for more information on the oilseed
crops they handle, including sunflowers and
canola- and remember they post closing market
prices for canola and sunflowers on the PCOM website- go there by
clicking here.
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Coburn,
Stabenow Debate Amendment to Reduce Funding for
Market Access Program
Senator
Tom Coburn squared off in debate
against Senate Agriculture Committee Chairwoman
Debbie Stabenow over an amendment
Coburn had offered to the Senate's version of the
2012 Farm Bill.
Coburn introduced Amendment
2289 which would reduce funding for the Market
Access Program by 20 percent. The amendment also
specifically prohibited the expenditure of funds
for reality television shows, cat or dog food,
wine tastings, and animal spa products.
In
a rare show of solidarity with President
Barrack Obama, Coburn said his
amendment supported goals outlined by the
administration. He also said the market
access programs are not having their desired
effect.
"We spend $2 billion dollars over
the next ten years on market access. American
contribution to total world agricultural products
is on the decline in spite of these programs. And
the waste in these programs, if you actually look
where the money's spent, is
unbelievable."
Stabenow took exception with
Coburn's characterization of the market access
programs as failures.
You can read more and listen to the
exchange between Coburn and Stabenow by clicking
here.
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Canola
Producers Need to Consider Crop Insurance Soon,
Agent Says
With a
very successful 2012 canola crop in the bin,
interest is growing among producers to join the
club and plant canola in 2013. One of the issues
prospective canola producers will need to consider
is obtaining crop insurance.
Canola is not
currently listed as a crop that can automatically
be covered by crop insurance except in ten
counties in Oklahoma as designated by RMA. Bambi
Sidwell of the Sidwell Insurance Agency
in Piedmont says insurance is available, but it
involves submitting the right paperwork in a
timely fashion. She said producers in counties
that are not automatically approved for crop
insurance on canola need a written agreement with
the RMA so that a crop insurance policy can be
written. She says farmers who
think they might like to grow canola for the 2013
crop year need to start the process
now.
"We are starting a little earlier this
year because there is planned to be a lot more
acres of canola planted than there have been in
previous years. And those written agreements do
take multiple weeks to get approved by the RMA
before the producer knows if they'll be able to
insure their canola crop for 2013 or not."
You can catch our interview with
Bambi Sidwell on Canola TV by clicking
here.
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Frank
Lucas Delays House Ag Committee Farm Bill Markup
Until July 11- But Pledges to Move Forward Then
"Hell or High Water"
The
House Agriculture Committee is not going to hold a
markup on the next farm bill until after the
Fourth of July recess. The markup is scheduled for
Wednesday, July 11th. Chairman Frank
Lucas decided to postpone the markup
because the fiscal year 2013 Agriculture
appropriations bill will come up on the House
floor next week. According to Lucas - the
committee members need to devote their attention
to that process and to protecting that bill
against potentially harmful amendments. He says
antagonists on both sides of the farm bill will
view the spending bill as a mini farm
bill.
Of
course the question now is- will that give Lucas
enough time to get the Committee work done and get
floor time from House Speaker John Boehner before
the August recess? If there has been no
floor debate before August- it makes getting a
2012 Farm Bill done in a conventional manner very
difficult. If Chairman Lucas can get his
Committee to accept what has been done behind the
scenes to this point and a bill is passed out of
Committee that week of July 11- a July floor
debate is still not out of the question- with the
passage of a bill in the US Senate exerting huge
pressure on the House Republicans to allocate
floor time to get a bill done.
Politico
had a good read on these questions on the House
side of the 2012 farm bill debate- click here to check that
out.
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Increased
Trade With Russia Will Benefit U.S. Farmers, AFBF
Says
Timely
congressional approval of permanent normal trade
relations status for Russia will benefit U.S.
farmers and ranchers, the American Farm Bureau
Federation told a House
Committee.
Wayne Wood,
president of Michigan Farm Bureau, testified on
behalf of AFBF before the House Committee on Ways
and Means.
"PNTR makes permanent the trade
status the U.S. has extended to Russia on an
annual basis since 1992," Wood said. "It
recognizes Russia's joining the World Trade
Organization, which will provide our farmers and
ranchers with more certain and predictable market
access."
Russia's commitment to adhering to
WTO provisions on sanitary and phytosanitary
measures in particular will benefit U.S. farmers
and ranchers because this will limit the country's
ability to impose arbitrary measures that have
impeded trade in the past.
In his
testimony, Wood explained that exports of U.S.
farm goods to Russia are likely to increase
substantially following congressional approval of
PNTR and the country's accession to the WTO. U.S.
sales of beef, poultry, pork, apples, cheeses,
soybeans and soybean products are all expected to
grow due to improved market
access. |
Quality
Beef Demand in South America Drives U.S. Profits
Higher
Quality
counts in today's worldwide beef market. In at
least one South American country, quality beef
imports and prices being paid are
growing.
Maggie O'Guinn
with Certified Angus Beef, LLC, says unbeatable
U.S. quality is the reason.
"Many of the
wealthy consumers in Columbia travel a lot to
Miami where they are exposed to the certified
Angus beef brand. They know and appreciate the
value and the quality of a higher-marbled steak.
And the other thing is beef is still a status
symbol. Beef is the celebration
protein."
Beef dishes are growing more and
more prominent on wedding and banquet menus there
and consumption across the board is
rising.
Click here for a video report on
growing demand for high quality U.S. beef in South
America.
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Soy
Checkoff-Funded Video Series Helps Boost
Production, Profit Potential
To
make the most of every acre, U.S. soybean farmers
need the latest production research and management
information. One thing that can help them get it
is the soy checkoff-funded "Focus on Soybeans"
webcast series. And with the new, quicker summary
versions, U.S. soybean farmers can get the latest
information they can use on the farm in five
minutes or less.
"The webcasts provide
valuable information to help soybean farmers
better manage pests, diseases and other crop
stresses," says Jimmy Sneed United Soybean Board
(USB) communications chair and Hernando, Miss.,
soybean farmer. "They also bring to U.S. soybean
farmers new developments in production practices,
irrigation management, seeding rates, seed-quality
preservation and others that are included in the
series, too."
Now the webcasts are
available in a shorter format. And although that
provides more convenience for some farmers, the
full-length versions, which include a lot more
science-related information, still remain
available for soybean farmers who prefer the
longer format.
You can read more about the soybean
video series as well as access their website by
clicking here.
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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