Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Wednesday, August 11, 2021
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Here is your daily Oklahoma farm and ranch news update.
- Dr. Sara Place Sees Latest IPCC Climate Report as Opportunity for Beef Cattle Industry
- Ag Groups React to U.S. Senate Passage of the Infrastructure Investment and Jobs Act
- Kim Anderson Explains How to Make Money When Selling Wheat
- Mark Johnson on Bull Management After Breeding Season
- Thousands Gather in Tennessee for Annual Cattle Convention
- Former House Ag Chair Collin Peterson Talks American Families Plan
- Right Now, Butter is Better For the Dairy Industry
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Dr. Sara Place Sees Latest IPCC Climate Report as Opportunity for Beef Cattle Industry to Help in Effort to Lower Global Temps |
This past Monday, the Intergovernmental Panel on Climate Change (IPCC) released updated research on the globe’s current climate situation, including forecasts of what is to come. The report cites increasing average global temperatures, which are causing polar ice to melt, natural disasters to get worse and more, all due to human influence.
Important to remember is that the IPCC has been making these statements for decades. Almost twenty years ago, they published their first "Hockey Stick" graph showing sharply rising temps in the last one hundred years which they attribute to humanity.. The latest update of their cumulative data has the latest version of the "hockey stick" chart- showing what they describe as unprecedented warming in recent years.
While the report does cite cattle as a culprit in rising greenhouse gases, the Chief Sustainability Officer of Elanco, Dr. Sara Place, says she is gratified that the authors of the 4,000 page report do acknowledge how science is viewing methane as a short lived gas, the gas that comes from cattle(and other sources). IPCC acknowledged the short lived nature of methane, and Dr. Place contends that with stable numbers of cattle means we have a constant level of methane from the cattle business. From there- she believes that we need to reduce levels through new research and technology in the near future, which is being worked on by both the beef and dairy industries..
She adds that for consumers- they can enjoy a delicious steak or a juicy burger and then also be assured that cattlemen and women are tackling the greenhouse gases issue head on with a positive result in the battle to slow or stop global temperatures.
Click on the button below to hear our conversation with Dr. Place from CattleCon21 here in Nashville- she has a good bit more to say about this study and how the cattle business is responding to the issue.
Our Reports from CattleCon are powered by Farm Data Services of Stillwater- Thanks Mike and Clay!
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Oklahoma Farm Bureau is a grassroots organization working to improve the lives of all Oklahomans by supporting our state’s agriculture community. As Oklahoma’s largest general farm organization, OKFB advocates for farmers and ranchers at the state Capitol and in Washington, D.C., to ensure our way of life continues for generations to come. With leadership events, supporting our state’s agricultural youth and connecting consumers with agriculture, Farm Bureau promotes and sustains Oklahoma agriculture in numerous ways. Join with OKFB today by becoming a member at okfarmbureau.org/join. Together, we are rural Oklahoma.
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Ag Groups React to U.S. Senate Passage of the Infrastructure Investment and Jobs Act |
Several Groups were quick to offer reactions to the passage of the Infrastructure Investment and Jobs Act by the U.S. Senate today.
The American Soybean Association applauds the new infrastructure package with ASA President Kevin Scott saying, "ASA and its farmer leaders are very supportive of this bipartisan legislation. Throughout this Congress, ASA has engaged with lawmakers to express how important these investments in critical infrastructure are to farmers. We also appreciate our leaders in Washington addressing the truck driver shortage, expanding broadband connectivity across farm country, and incorporating a pilot project that highlights the benefits of biobased construction materials containing soy.”
The National Association of Wheat Growers also weighed in on the news. “NAWG applauds this bipartisan effort that makes significant investments in updating our traditional infrastructure, which can bolster American agriculture and rural communities. The ag community relies on a functioning infrastructure network of roads, railways, locks and dams, and ports to transport their goods from the farm to consumer both domestically and overseas,” said NAWG President and Cass City, MI wheat farmer, Dave Milligan.
The National Cattlemen's Beef Association is pleased to see plan pass. NCBA Executive Director of Government Affairs Allison Rivera said, "We see this legislation as a step in the right direction and will continue working with Members of Congress to ensure that the needs of cattle and beef producers are included in a final infrastructure bill.”
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Kim Anderson Really Explains How to Make Money When Selling Wheat |
Oklahoma State University Extension Grains Market Analyst Dr. Kim Anderson gave a presentation to a room of Oklahoma wheat producers and state leaders last week titled, “How to Lose Money Growing Wheat,” at the 2021 Oklahoma Wheat Growers Association annual conference in El Reno, Oklahoma.
After opening with his question of how to lose money, Anderson offered simple strategies to combat managing, marketing and price - while getting restful sleep at night!
“A producer had a good answer to my question,” Anderson said. “He said just plant it and you’ll lose money.”
Anderson said, while the average price of wheat in June and July was $6.08, there was a variability of about 80 cents to pay attention to. He said the best thing you can do in a volatile market, like what wheat producers saw in June and July, is to not sell everything at once.
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For our farmers who have either- always have had cotton on their farms- or those who have more recently have added the fiber crop to their operations- we have a new daily report starting to be heard on several of our Radio Stations- It's Called Cotton Talk- and we appreciate the Oklahoma Cotton Council for their support in making this a reality.
Click on the Button below to listen to our most recent report
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Mark Johnson on Bull Management After Breeding Season |
Mark Johnson, Oklahoma State University Extension Beef Cattle Breeding Specialist, offers herd health advice as part of the weekly series known as the "Cow Calf Corner" published electronically by Dr. Peel, Mark Johnson, and Paul Beck. today Johnson is talking about bull management after the breeding season.
After breeding season bulls become a necessary evil or unwanted guest. As producers we would like to forget about them for the balance of the year. Fortunately, bulls do not require intense management during this period, thus, some planning will ensure they are ready to go when needed.
The goals for this period are simple:
• Keep feed costs at a practical minimum
• Keep the bulls in moderate condition
• Minimize the chance of injuries
• Continue growth of young bulls
• Make sure bulls are fertile and fit for the next breeding season turn out
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-
if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
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Sponsor Spotlight
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Thousands Gather in Tennessee for CattleCon21 |
The largest annual beef industry event began today in Nashville, where more than 6,000 cattle producers, industry partners and stakeholders will gather for the 2021 Cattle Industry Convention & NCBA Trade Show.
“I am pleased that cattlemen and women can come together in person once again,” said National Cattlemen’s Beef Association President Jerry Bohn. “Producers from across the country and their families look forward to convention every year, but I think it means even more following the pandemic’s disruptions.”
Over the next few days convention participants will gain insights on market trends during the CattleFax Outlook Seminar, hear a “State of the Industry” update from NCBA, learn about the cattle industry’s role in sustainability, and wander through the NCBA Trade Show – the industry’s largest, with more than 350 exhibitors on more than seven acres.
AND- keep checking our OklahomaFarmReport website for continuing coverage- and we will be tweeting this morning from the annual Cattlefax Market Outlook Session that starts at 7:30 AM central time.
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Former House Ag Chair Collin Peterson Talks American Families Plan
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Most of the talk you hear in agriculture these days is how the “step-up in basis” will be eliminated under President Biden’s American Families Plan.
“Stepped-up basis” is a tax term that applies when property is valued at the amount it is worth when a benefactor dies and leaves the asset to the beneficiary, and not on the original value or basis. Farm assets like land are often passed down through generations of families, and therefore benefit from a step-up in basis.
The reality is, under the American Families Plan, stepped-up basis is not under threat of elimination, rather, the proposal would incur a transfer tax that would have to be paid in order to use stepped-up basis in the event of a sale or a death.
When I was a CPA and sat across the desk from farmers giving advice on estate planning, we did not have to worry about the kind of issues facing us now. Things like the amount of exemption, tax rate and valuation issues were critical to the conversation, but nothing like what is being proposed with this transfer tax was ever on the table.
If this proposal becomes law, you could have a situation where upon the death of a farmer, his family will owe more than the equity that they have in the farm operation.
We need to fight to keep the current estate tax system that we worked so hard to develop and convince policy makers to drop this idea of the transfer tax.
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Right Now, Butter is Better For the Dairy Industry |
Butter, along with the entire dairy industry, have seen a rise in consumer appreciation, just like BTS’ hit “Butter” is a hit on the billboard charts, according to a press release by the National Milk Producers Federation.
According to the release, the dairy industry approves.
"It always helps an industry when its products capture an upbeat cultural moment," the release stated.
According to data presented by the Economic Research Service at the USDA, butter sales have nearly doubled since 2001, from nearly 1.3 million pounds of butter sold per year to nearly 2.1 million pounds sold in 2020.
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OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
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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.
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Wholesale Boxed Beef Prices continue to go higher- Choice Beef was up 65 cents and Select Beef was up $1.09 on Friday 11/20/2020.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had a final numbers reported on Monday of 8,231.
Compared to last week: Feeder steers and heifers unevenly steady. Demand moderate to good. Sale included about a thousand head of Oklahoma Angus-Influenced feeder steers and heifers. Despite cattle and grain futures trading lower, very little impact on trades here.
Click below for the complete closing report.
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Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures - click below for the latest update on the Livestock and Grain Futures Trade..
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Okla Cash Grain:
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture- The report available after the close of the Futures Trade for that day.
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Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Dave Lanning, Markets and Production
Pam Arterburn, Calendar and Template Manager
Chelsea Stanfield, Farm News and Email Editor
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is the main reason Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity will dive into these stories each week, bringing you insight into the great things happening in and to rural Oklahoma. We will bring you stories covering rural life, agriculture, energy, healthcare, tourism, and politics affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
KC Sheperd talks with Oklahoma's 17th Lt. Governor, Matt Pinnell. Pinnell is also serving as the first Oklahoma Secretary of Tourism & Branding. Pinnell says lots of exciting things have Oklahoma on an upward trajectory- and he shares several highlights in today's conversation. Today's Road to Rural Prosperity Podcast is powered by Banc First, Loyal to Oklahoma and to you.
To find out more about our full series of Podcasts on The Road to Rural Prosperity- click or tap here.
To hear this podcast, you can click here or tap below:
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Our thanks to Midwest Farms Shows, P & K Equipment, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, Stillwater Milling Company, Oklahoma Cotton Council, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, Union Mutual Insurance, the Oklahoma Cattlemens Association, and KIS Futures for their support of our daily Farm News Update.
For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites out and let these folks know you appreciate the support of this daily email, as their sponsorship helps us keep this arriving in your inbox on a regular basis- at NO Charge!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Radio Oklahoma Ag Network
2401 Exchange Avenue,
Suite F
Oklahoma City, OK 73108
405.317.6361
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Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network
405.473.6144
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