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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.
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 $11.46 per bushel at the Northern
Ag elevator in Yukon at 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
Friday,
May 15,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured Story:
Senator Coburn Takes Shot
at Popular Market Export Promotion
Program
U.S.
Senator Tom Coburn (R-OK)
released a new oversight report, "Treasure MAP:
The Market Access Program's Bounty of Waste, Loot
and Spoils Plundered from Taxpayers" highlighting
more than $2 billion in taxpayer dollars
indirectly subsidizing the advertising costs of
some of the most profitable agriculture companies
and trade associations doing business overseas.
You will recognize many of these company brands as
household names, such as Welch's, Sunkist, and
Blue Diamond.
Despite
their combined $2 billion in sales in 2009,
Treasure MAP shows how these companies received
more than $6 million in 2012 from taxpayers for
product promotion. Also receiving millions from
taxpayers for private overseas advertising are the
agricultural trade groups whose members include
Tyson Foods, Purina, Hershey's, Georgia-Pacific
and Jack Daniels. With a multitude of other
agriculture, and fiscal priorities facing our
nation, Coburn said this report shows it is time
to reduce funding for the Market Access Program
(MAP).
"At a time when we are cutting
funding for our troops, taxpayers cannot continue
to subsidize the filming of Reality-TV shows in
India, wine tastings for foreign journalists and
even ads for pet shampoo," said Dr. Coburn. "We
need to make tough choices."
You can read more about Senator
Coburn's position as well as accessing a link
to his full report by clicking here.
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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 pleased to
have American Farmers & Ranchers
Mutual Insurance Company as a
regular sponsor of our daily update. On both
the state and national levels, full-time staff
members serve as a "watchdog" for family
agriculture producers, mutual insurance company
members and life company members. Click here to go to their AFR
website to learn more about
their efforts to serve rural
America! |
Ag
Export Coalition Opposes Amendment to Cut Market
Access Program Funding and Limit
Activities
Eighty
members of the Coalition to Promote U.S.
Agricultural Exports said they strongly oppose a
proposed amendment by Sen. Tom Coburn (R-OK) to S.
3240 (Agriculture Reform, Food, and Jobs Act of
2012) to reduce annual funding for the Market
Access Program (MAP) by $40 million and prohibit
the use of MAP funds for certain
activities.
"Reducing
funding for MAP would seriously undermine U.S.
agriculture's ability to compete in this highly
competitive international marketplace," the
organizations said in the letter to Senate
Agriculture Committee Chairwoman Debbie Stabenow
(D-MI) and Ranking Minority Member Pat Roberts
(R-KS). "It is a very efficient, cost-effective
program."
The letter also noted that under
MAP, participants must carefully evaluate and
adjust all export market development activities
every year. The participants submit plans to
USDA's Foreign Agricultural Service (FAS), which
reviews every promotional activity to determine
their eligibility and likelihood of success in
increasing demand for U.S. agricultural exports.
This analysis, in conjunction with in-country
feedback from FAS overseas officers, determines
whether activities merit funding.
Click here to read more about the
AEC's response to Senator Coburn. You
will also find the full letter and a list of all
the groups signing on.
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Cattlemen's
Association CEO Talks Legislative Highlights,
Upcoming OCA Convention
Scott
Dewald, the chief executive officer of
the Oklahoma Cattlemen's Association sat down with
us recently to discuss several issues including
the outcome of the legislative session and the
upcoming OCA events.
Dewald said the
legislature put off many important issues like tax
policy and budget issues until the waning days of
the session, but that's nothing new. He said there
were a number of issues being closely watched by
the cattle industry, especially tax
policy.
"I think the big one to us was the
income tax issue and the possible elimination of
or ratcheting down of the personal income tax. The
offset to that, what happens when you lose that
revenue, do you increase property taxes? Do you
increase fees? What do you do to finance state
government? It's one of those big deals that
didn't happen that we were, quite frankly,
concerned about because we didn't know what the
other revenue sources were going to be. And we
certainly didn't want it to be the ranchers of the
state of Oklahoma or the farmers and landholders
in the state of Oklahoma having to foot the
bill."
You can preview our interview with
Scott Dewald by clicking here.
You
can also catch Scott on our "In the Field" segment
on News 9 this Saturday morning at about
6:40.
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USDA
Seeks Comments on Changing Statistical Report
Release Times
The
U.S. Department of Agriculture (USDA) is accepting
public comment now through July 9, 2012 as part of
its review of release times and procedures for
several major statistical reports. Due to recent
changes in market hours by major commodity
exchanges, the National Agricultural Statistics
Service (NASS) and the World Agricultural Outlook
Board (WAOB)-the USDA entities responsible for the
reports-are reviewing release times and procedures
of the following statistical reports: World
Agricultural Supply and Demand Estimates, Acreage,
Cattle, Cattle on Feed, Crop Production, Grain
Stocks, Prospective Plantings, Quarterly Hogs and
Pigs, and Small Grain Summary. The current USDA
release times of 8:30 a.m. and 3:00 p.m. ET will
remain in effect until further notice.
To
submit an official comment via the Federal
Register, click here, or comment directly
by clicking here
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NCBA
Works to Put Estate Tax on Front Burner for
Congress
The
automatic reversion of the estate tax which will
allow the federal government to take 55 percent of
all estates over $1 million will happen at the end
of the year if Congress fails to take
action.
Kent Bacus,
associate director of legislative affairs for the
National Cattlemen's Beef Association, says it's
an issue of incredible importance to his
members.
"Without question, that's the
biggest concern of farmers and ranchers all across
America," he says.
"With land values
increasing all across the country, with new
investments in agricultural equipment in order to
meet all that growing demand, there will be a lot
of families who are going to be tripped up by that
$1 million level."
Bacus says his
organization is working hard to spur Congress into
action.
You
can hear more of what Kent Bacus has to say about
the "death tax" on the latest edition of the Beef Buzz
by clicking here.
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Only
Irrigated Wheat in the Panhandle Remains in 2012
Oklahoma Wheat Harvest- HRW Harvest Marching
North
We
have reports from both the Oklahoma Wheat
Commission as well as from Plains
Grains this morning- first we got the
latest update on what was happening in the
Oklahoma Panhandle with wheat harvest from
Debbie Wedel of the Oklahoma Wheat
Commission, who says harvest in the Panhandle was
slowed by rains earlier this week, but is still
moving forward.
Rains
on Tuesday of this week shut down wheat
harvest in the Boise City area but the elevators
are expecting producers to be in the field by
5pm yesterday afternoon (Thursday).
Saturday, Sunday, and Monday were very busy as
producers are finishing up the dryland wheat in
this area. Test weights on the dryland wheat are
ranging from 57 - 59 pounds. This area expects to
get into the irrigated wheat in about a week.
Hooker Equity Exchange reports that
producers are finishing up the dryland and getting
into the irrigated wheat, so both are coming in.
Irrigated is averaging 55 - 65 bushels per acre
with test weights ranging from 62 - 63 pounds.
Dryland wheat continues to yield 10 - 20 bushels
per acre with test weights ranging from 54 -
59. You can catch the rest of Debbie's
report by clicking here.
Meanwhile,
Mark Hodges with Plains Grains
reports the three southern plains HRW wheat states
are rapidly concluding harvest- Oklahoma at 95%
complete, Kansas 70% harvested and Texas 59% cut
out. Mark writes in his weekly summary of
Thursday evening "Yields continue to be impressive
considering the dry hot weather most of the
Southern Great Plains suffered during the most
critical stage of water demand for plant
development, pollination through grainfill.
Yields have ranged from the low 20's to well over
70 bushels per acre with commonly reported
averages from 40 to 45 bushels per acre."
Hodges
does have concerns about the quality of the 2012
crop- because of that hoit dry stretch of weather
he references- you can read more about that and
the entire Plains Grains report as released on
Thursday evening by clicking here.
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This
N That- Stabenow Claims Progress in Farm Bill
Efforts, Sorghum Board Adds Oklahoma Producer and
Ag Does Hollywood Next Week
In
danger of sinking under the weight of hundreds of
amendments, the Chairlady of the Senate Ag
Committee, Debbie Stabenow of
Michigan, issued a statement on Thursday evening
to assure Farm Bill proponents that she, ranking
member Pat Roberts of Kansas and
the Senate leadership are working on a deal of
what amendments to consider and under what sort of
time constraints. Her early hopes as the
bill came to the floor was to get a final vote on
the 2012 farm bill by the end of this month- which
seems out of reach unless a deal can be reached
quickly. (which is a word seldom uttered in the US
Senate) Stabenow's statement reads:
"To
provide farmers and small businesses certainty to
continue growing the economy, and to achieve major
reform of American farm programs, this is a
must-pass bill," Chairwoman Stabenow said. "We
have seen now close to 300 amendments offered to
the Farm Bill, which illustrates how important
this is to our colleagues from every part of the
country. We are continuing to make progress toward
a final amendment package and I'm confident we'll
do what the American people want to see us do -
come together and pass a bill that will cut
spending and create jobs."
Congrats
to James Wuerflein of Kremlin,
Okla., who has been appointed by USDA to the
United Sorghum Checkoff Board of Directors.
Wuerflein takes the at-large seat vacancy on the
13-member board. "We are pleased to have this seat
vacancy filled, and we look forward to working
with James as a valuable member of the Sorghum
Checkoff board," said USCP Chairman, Bill Kubecka
of Palacios, Texas.
Wuerflein has raised
sorghum on his farm in north central Oklahoma for
20 years. He is a 1982 graduate of Oklahoma State
University, a member of the Oklahoma Agricultural
Leadership Program Class VII, Farmers Grain
Company board member, and a member of the Great
Plains Co-op in Lahoma.
Finally-
a quick reminder from our calendar pages-
coming next week on Tuesday and Wednesday is
a huge outreach by agriculture to tell our
story- The US Farmers and Ranchers
Alliance planning a second
FoodDialogues June 19 and 20-
Four separate discussions - being held over two
days -that will bring together entertainment
movers and shakers, chefs, academics, large
restaurant operators, journalists, local leaders,
farmers and ranchers for an in-depth conversation
about food. Click here for some more details-
and we will talk more about this big
event in Monday's
email. |
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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