From: Ron Hays [] on behalf of Ron Hays []
Sent: Friday, June 17, 2011 7:33 AM
To: Hays, Ron
Subject: Oklahoma's Farm News Update
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Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Friday June 17, 2011
A service of Johnston Enterprises, P & K Equipment/ P & K Wind Energy and American Farmers & Ranchers Mutual Insurance Company!
-- Repeal of Volumetric Ethanol Excise Tax Credit Causes an Outcry of Disappointment by Many Agricultural Groups
-- National Cattlemen's Beef Association Pleased With Repeal of Ethanol Excise Tax Credit
-- House Approved Spending Measure Puts GIPSA Rule on Hold
-- Oklahoma Land Owners Get 164,444 Acres Accepted into the Conservation Program
-- OSU's Dr. Kim Anderson Predicts Wheat Prices for the Coming Months- and we have your SUNUP preview
-- Wildlife Group Expresses Disappointment with Deep Cuts in Conservation Spending
-- Ninety Percent, Congrats to Sam and a Jeff Krehbiel
-- 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 pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update- click here to go to their AFR web site to learn more about their efforts to serve rural America!

It is also great to have as a longstanding sponsor on our daily email Johnston Enterprises- proud to be serving agriculture across Oklahoma and around the world since 1893. One of the great success stories of the Johnston brand is Wrangler Bermudagrass- the most widely planted true cold-tolerant seeded forage bermudagrass in the United States. For more on Johnston Enterprises- click here for their website that features their grain, ports and seed business!

And we are proud to have P & K Equipment/ P & K Wind Energy as one of our regular sponsors of our daily email update. P & K is the premiere John Deere dealer in Oklahoma, with ten locations to serve you, and the P & K team are excited about their new Wind Power program, as they offer Endurance Wind Power wind turbines. Click here for more from the P&K website.

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Repeal of Volumetric Ethanol Excise Tax Credit Causes an Outcry of Disappointment by Many Agricultural Groups
After the result on the Senate vote to end the federal tax incentive for the use of domestic ethanol, many organizations released statements of disappointment in the outcome. USDA Secretary Tom Vilsack, Renewable Fuels Association (RFA), Growth Energy, American Coalition for Ethanol (ACE), and National Corn Growers Association (NCGA) all released the following statements with their concern for the repeal of the Volumetric Ethanol Excise Tax Credit (VEETC).

Click on the LINK below to read all of the comments and releases from the multiple agricultural organizations with their thoughts on the repeal of the ethanol excise tax, including Secretary Tom Vilsack.

Click here for more information on the repeal of the Volumetric Ethanol Excise Tax Credit

National Cattlemen's Beef Association Pleased With Repeal of Ethanol Excise Tax Credit
National Cattlemen's Beef Association (NCBA) President Bill Donald said the U.S. Senate's vote today on legislation introduced by Senators Dianne Feinstein (D-Calif.) and Tom Coburn (R-Okla.) to repeal the 45-cent per gallon Volumetric Ethanol Excise Tax Credit (VEETC) and the 54-cent per gallon tariff on imported ethanol is a giant step toward leveling the playing field for a bushel of corn. The Feinstein/Coburn amendment passed by a 73-27 vote.

"The VEETC and the tariff on imported ethanol have put cattlemen and other end-users of corn at a competitive disadvantage to the corn-based ethanol industry when it comes time to buy a bushel of corn. Repealing the VEETC and the import tariff are important steps to fully leveling the playing field. We commend the 73 U.S. Senators who supported the Feinstein/Coburn amendment," Donald said. "Cattlemen aren't opposed to ethanol. In fact, we support our nation's commitment to reducing our dependence on foreign oil. But after 30 years and more than $30 billion in taxpayer support, the day has come to let the mature corn-based ethanol industry stand on its own two feet."

Donald said with tight corn supplies and high prices, all end-users of corn should compete on equal footing for every bushel. He said a recent U.S. Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) report is further evidence that it's time to stop propping up the corn-based ethanol industry. According to the monthly report, 1.5 million fewer acres of corn will be planted and 1.9 million fewer acres of corn will be harvested in the United States this year leaving worldwide stockpiles at tight levels.

Click here to read the rest of the NCBA's comments on the ethanol excise tax repeal

House Approved Spending Measure Puts GIPSA Rule on Hold
Livestock and poultry organizations today praised House lawmakers for approving an agriculture funding bill that prevents the U.S. Department of Agriculture (USDA) from finalizing its proposed regulation on livestock and poultry marketing contracts.

The House voted 217-203 to pass legislation that funds USDA, the Food and Drug Administration and related agencies for fiscal 2012, which begins Oct. 1, but denies money for USDA's Grain Inspection, Packers and Stockyards Administration (GIPSA) to promulgate the livestock and poultry marketing regulation.

Known as the GIPSA rule, the regulation was prompted by the 2008 Farm Bill. But, as 147 House members recently pointed out in a letter to Agriculture Secretary Tom Vilsack, the proposed rule goes well beyond the intent of Congress and includes provisions specifically rejected during debate on the Farm Bill. Lawmakers also criticized USDA's failure to conduct an in-depth economic impact study of the proposal before it was published.

Click here to read the reactions from multiple organizations including National Pork Producers Council, National Cattlemen's Beef Association, National Chicken Council, National Turkey Federation, American Meat Institute and National Meat Association.

Click here for our Beef Buzz, featuring comments from former NCBA President Steve Fogelsong as well as reaction from R-Calf on the House Action.

Oklahoma Land Owners Get 164,444 Acres Accepted into the Conservation Program
Secretary of Agriculture Tom Vilsack has announced that USDA will accept 2.8 million acres offered by landowners under the 41st Conservation Reserve Program (CRP) general sign-up. The selections preserve and enhance environmentally sensitive lands while providing payments to property owners.

For this 41st general CRP sign-up, more than 38,000 offers were received on about 3.8 million acres nationwide. Enrollment of the 2.8 million acres will bring the total enrollment in the program to 29.9 million acres, leaving sufficient room under the 32-million-acre cap to continue enrollment in the Conservation Reserve Enhancement Program, continuous sign-up and other CRP initiatives. The Secretary has asked FSA to continue to consider ways to use continuous enrollments to ensure CRP contains those lands that are most erodible, most valuable to wildlife or that otherwise ensure the program targets the most vulnerable acres.

Here in Oklahoma, Francie Tolle reports that 164,444 acres in Oklahoma were accepted in this latest signup- out of 187,541 that were offered. 1,230 contracts were accepted that add up to the 164,444 acres, with the average rental rate per acre in Oklahoma pegged at $33.23- well below the national average of about $48 per acre. Tolle tells us that we will have 833,289 acres in the long term land retiement program once these new acres enter in and expiring contracts leave the program. That is 2.9% of the total CRP land in the United States. Oklahoma had about twice that percentage of the original CRP in the late 1980s when the main criteria considered was wind erosion.

Click here for more on Signup 41 for the Conservation Reserve Program.

OSU's Dr. Kim Anderson Predicts Wheat Prices for the Coming Months- and we have your SUNUP preview
Grain Marketing Extension Economist from Oklahoma State University, Dr. Kim Anderson, says wheat prices have gone down over the past week but wheat is not alone as many of the other commodities have been down this week as well. Anderson says wheat producers need to keep an eye out next week, as it will be a critical few days for the wheat market.

Looking further into the weeks ahead, Anderson predicts the prices will weaken as the wheat harvest moves farther into the northern part of the country. However, he says these prices will likely go back up as we move into the fall months.

Click on the LINK below to listen to the interview between Dr. Kim Anderson and Lyndall Stout on the future of wheat prices for this crop season. We also have the complete lineup for this weekend's SUNUP program that can be seen on OETA.

Click here for more from Dr. Kim Anderson and for your SUNUP preview

Wildlife Group Expresses Disappointment with Deep Cuts in Conservation Spending
Today, the House voted to slash over $1 billion in conservation and renewable energy funding for programs that help farmers, ranchers, ranchers, and foresters across the country to protect soil, conserve water, enhance wildlife habitat, and help America meet its growing energy demands. The conservation programs that were cut directly benefit sportsmen and rural economies through the creation of hunting, fishing, and outdoor recreational opportunities.

"We are deeply disappointed with the outcome of this vote," said Aviva Glaser, agriculture policy coordinator for the National Wildlife Federation. "Congress is trying to balance the budget on the backs of farmers by gutting conservation and renewable energy programs. These budget cuts are shortsighted and put our food and energy security as risk, which will only end up costing us more money in the long run."

Click on the LINK below to read the rest of the National Wildlife Federation's thoughts on the cuts to conservation spending by the U.S. House.

Click here for more information on the recent cuts to conservation spending

Ninety Percent, Congrats to Sam and a Jeff Krehbiel
Harvesting of the 2011 HRW wheat crop is now approaching the Nebraska border and is about to slow its northward progress dramatically.
Harvest continues to move northward from Amarillo in the Texas Panhandle which is the only major area in Texas remaining to be cut while the Oklahoma's harvest is quickly winding down. Kansas did not make as much progress with harvest as hoped during the past week because of frequent rain showers. Oklahoma has hit the ninety percent mark, Texas 65% and Kansas 28%. Click here for the full report that Mark Hodges has released this week from Plains Grains, Inc.

Sam Knipp, Vice President for Public Relations at the Oklahoma Farm Bureau, has walked away with another American Farm Bureau award- as the weekly radio features that he and his team produce have been honored by the AFBF as the best Farm Bureau radio reports in the nation. Congrats Sam!.

Finally, we ask that you say a prayer for our friend Jeff Krehbiel of Hydro, who continues to battle cancer. There has been some new growth found on the opposite side of his brain from the earlier tumor that was removed over a year ago. Jeff is not as healthy as he was when the cancer battle began (now confined to bed), and the Doctor is not planning any treatment on this latest growth. Pray for Jeff and his wife Karen in these days ahead.
Jeff is a past President of the Oklahoma Wheat Growers and serves as a Commissioner on the Oklahoma Wheat Commission. The Commission honored Jeff and his family this spring with their Staff of Life Award for his service to the wheat farmers of our state.

Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers, KIS Futures and Oklahoma Mineral Buyers 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.

Click here to check out WWW.OklahomaFarmReport.Com

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 $12.00 per bushel- as of the close of business yesterday, while the 2011 New Crop contracts for Canola are now available are $12.00 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:
Our Daily Market Wrapup from the Radio Oklahoma Network with Ed Richards and Tom Leffler- analyzing the Futures Markets from the previous Day-
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.
Previous Day's Wheat Market Recap- A Two Pager From The Kansas City Board of Trade looks at all three US Wheat Futures Exchanges with extra info on Hard Red Winter Wheat and the why of that day's market.
Daily Oklahoma Cash Grain Prices- As Reported by the Oklahoma Dept. of Agriculture. <
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
The National Daily Slaughter Cattle Summary- as prepared by USDA.
Finally, Here is the Daily Volume and Price Summary from the Texas Cattle Feeders Association.

God Bless! You can reach us at the following:
phone: 405-473-6144

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