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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Friday January 7, 2011
A
service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS
Futures!
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-- USDA Proposes to Offer Refunds to Crop Insurance Users Who Have
Had Limited or No Refunds in Recent Years
-- It's Official- 112th Congress Elects Frank Lucas to be the
Chairman of the House Ag Committee
-- Monsanto Advances Several Projects in its R&D Pipeline
-- AFBF Ready to Start Annual Meeting This Weekend in Atlanta
-- The Department of Transportation Proposes Long-Haul Concept
-- Kim Anderson Says We Have Hit a New Price Plateau on Kansas City
Wheat Futures
-- AgConnect Preview Day Today in Atlanta
-- Let's Check the Markets!
Howdy Neighbors! Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555. When you call them- ask them about their great Iphone App which provides futures quotes for your Iphone. 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. If you have received this by someone forwarding it to you, you are welcome to subscribe and get this weekday update sent to you directly by clicking here. | |
USDA Proposes to Offer Refunds to Crop Insurance Users Who Have Had Limited or No Refunds in Recent Years ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Department
of Agriculture's Risk Management Agency has published a proposed rule in
the Federal Register that would reward farmers participating in the
federal crop insurance program for good performance. Under the proposed
program, payment amounts would vary by producer and will be based on each
qualified producer's history in the program.
"This proposed Good Performance Refund will benefit qualifying farmers and ranchers across rural America and strengthen the Federal crop insurance program," said RMA administrator, William J. Murphy. "It encourages producers to use the best available management practices in order to qualify for the refund in future years and rewards good performance by returning a portion of the out-of-pocket costs paid for crop insurance premiums back to those who have paid into the program and have had limited or no losses." Under the proposed program, payment amounts would vary by producer and will be based on each qualified producer's history in the program. RMA estimates that the average refund amount per producer this year will be about $1,000. The program has a proposed maximum limit at $25,000, with a minimum payment of $25. The first year of the proposed program will use data from 2009 and prior crop years because not all 2010 data is finalized. USDA officials acknowledge that most of the refunds will go to corn and
soybean farmers in the midwest, where claims are traditionally the
lowest. | |
It's Official- 112th Congress Elects Frank Lucas to be the Chairman of the House Ag Committee ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Rep. Frank
Lucas of Oklahoma issued the following statement after the U.S. House of
Representatives passed House Resolution 6, which formally elects him as
the Chairman of the House Agriculture Committee for the 112th Congress.
"As a student of agriculture economics, a rancher by trade, and a Member of this Committee from the start of my service in Congress, I am honored to have this opportunity and responsibility. I am also proud to be serving as the first Chairman of the Agriculture Committee from Oklahoma. I will continue to use my experience and perspective as a producer to help shape our nation's agriculture policy. "The work of the Agriculture Commitee, including reauthorizing the farm bill in 2012, affects every American; ensuring that our farmers and ranchers have the tools they need to produce an abundant and affordable food and fiber supply is as important to our country as national defense. Read Congressman Lucas' full statement issued yesterday by his office in Washington. | |
Monsanto Advances Several Projects in its R&D Pipeline ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Several
projects across platforms and crops designed to improve farmers' on-farm
productivity and profitability advanced phases today as part of Monsanto
Company's annual pipeline update.
The company highlighted, in particular, key projects in its yield and stress pipeline collaboration with Germany-based BASF Plant Science, which last year was expanded to include wheat. Yield and stress projects advancing phases this year include Nitrogen-Utilization Corn, Second-Generation Higher-Yielding Soybeans and Higher-Yielding/Stress Tolerant Wheat. "Our competitive R&D advantage comes because we identify needs in the marketplace and turn research into great products for farmers, and that allows us to create value," said Robb Fraley, Monsanto chief technology officer. "We continue to invest in significant crop opportunities with a balanced approach in our breeding and biotech platforms. This approach puts us in the best position to extend our leadership and continue to deliver commercial products that benefit our farmer customers." | |
AFBF Ready to Start Annual Meeting This Weekend in Atlanta ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Topics ranging
from environmental policy and food safety to the 2012 farm bill and use of
social media by farmers and ranchers highlight a slate of conferences
during the American Farm Bureau Federation's 92nd annual meeting, that is
getting underway this weekend in Atlanta, Ga. Ninety two Oklahoma Farm
Bureau members are going as a part of the official delegation from the
Sooner State to attend the 2011 event.
"Successful farming and ranching in the 21st century involves managing a vast amount of knowledge and information on a day-to-day basis," said AFBF President Bob Stallman. "This can be a real challenge, but by attending AFBF's annual meeting in Atlanta in January, Farm Bureau members can cut through the clutter and return home with a better understanding of how all the various issues impact their lives and livelihoods." We talked with Mike Spradling about policy positions that the Oklahoma
Farm Bureau will be pushing at the 2011 meeting- the delegates start their
work first of next week- and you can hear that conversation by clicking on
the LINK below. | |
The Department of Transportation Proposes Long-Haul Concept ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The U.S.
Department of Transportation has unveiled an initial concept of a
long-haul cross border Mexican trucking program that, according to the
department, meets the United States' obligations under the 1994 North
American Free Trade Agreement. At issue is the U.S. refusal to allow
Mexican trucks free access into the United States, as called for under
NAFTA, as well as a 2001 NAFTA dispute settlement ruling.
Mexico has placed retaliatory tariffs on many American goods including pork and fresh produce items entering Mexico. The National Pork Producers Council says U.S. pork exports to Mexico have dropped by 11 percent because of the trucking dispute. NPPC President Sam Carney points out - Mexico is our largest volume export market and the retaliation Mexico has put in place on pork has hurt U.S. pork producers. United Fresh Senior Vice President Robert Guenther says the news is - a positive sign of progress. Gunther says, - this has gone on much too long and needs to be rectified as soon as possible. Gunther wants to know if this proposal satisfies Mexican officials and if they will suspend their current trade retaliation efforts that have severely impacted U.S. trade with Mexico. Click here to see the "concept" paper from the DOT about this long haul proposal. | |
Kim Anderson Says We Have Hit a New Price Plateau on Kansas City Wheat Futures ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Oklahoma State
Univesity Extension Grain Marketing Economist Dr. Kim Anderson says that
current wheat prices have hit a new, higher plateau- especially for the
hard red winter wheat that is traded in Kansas City.
Anderson believes there are several factors helping support the current wheat price picture- and weather is one of those factors. He expects that we will have a "weather market" as we get into the February thru April time period, with the market watching precipitation- or the lack of it- closely in the southern Great Plains. He predicts, with his tongue in his cheek- that we will kill the wheat crop this year at least seven times before harvest. You can see Lyndall and Kim talk about these issues on Saturday morning
on SUNUP- or you can click on the LINK below and get a preview of that
part of the show right now. | |
AgConnect Preview Day Today in Atlanta ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We are in
Atlanta as we write this on a chilly Friday morning in the south. We have
come in to the 92nd annual meeting of the American Farm Bureau a little
early in order to paricipate in the Media Day Preview of the international
farm equipment show that is known as AgConnect.
All of the major North American farm equipment makers have a significant presence at this show- and there are dozens of overseas farm equipment manufacturers that are taking part as well. The Case IH folks are putting on a special seminar first thing this
morning looking at ag issues from 30,000 feet- with Tom Buis of Growth
Energy, Tom Dorr of the US Grains Council and others offering their
current views on the business of agriculture. We will have coverage from
that- as well as lots of picutres to share with you and interviews as well
to come. Click here for more about the AgConnect Farm Equipment Show. | |
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, KIS Futures and Big Iron Online Auctions 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- FREE! We also invite you to check out our website at the link below to check out an archive of these daily emails, audio reports and top farm news story links from around the globe. | |
Let's Check the Markets! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We've had
requests to include Canola prices for your convenience here- and we will
be doing so on a regular basis. Current cash price for Canola is $10.00
per bushel, while the 2011 New Crop contracts for Canola are now available
are $10.50 per bushel- delivered to local participating elevators that are
working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link: | |
God Bless! You can reach us at the following: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
email: ron@oklahomafarmreport.com
phone: 405-473-6144
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