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                        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 $11.84 per bushel- 2012 
                        New Crop contracts for Canola are now available at 
                        $12.06 per bushel- delivered to local 
                        participating elevators that are working with PCOM.   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    Wednesday, 
                              February 15, 2012  |  
                          
                          
                            | Howdy 
                              Neighbors! 
 
 Here is your daily Oklahoma farm and ranch 
                              news update. 
 |  |  
                      | 
                          
                          
                            |  Featured 
                              Story:Ag 
                              Organizations Find Good News, Bad News In 
                              President's FY 2013 Budget 
                              Proposal    Agricultural 
                              industry groups find good news and bad news in 
                              President Obama's proposed budget for Fiscal Year 
                              2013.  The president revealed his 
                              $3.8-trillion proposal Monday.    The 
                              National Council of Farmer Cooperatives 
                              (NCFC) was quick to applaud the 
                              administration's proposal to fully fund two 
                              programs promoting U.S. exports. The NCFC said 
                              support for the USDA's Market Access Program and 
                              Foreign Market Development program offer a 
                              tremendous return on investment. As programs 
                              administered on a cost-share basis, neither is 
                              capped under World Trade Organization 
                              rules.   You can read more about the NCFC's 
                              response by clicking here.   The 
                              National Cattlemen's Beef Association, on the 
                              other hand, blasted a provision in the president's 
                              proposed budget which drastically lowers the 
                              estate tax exemption and boosts its top rate. NCBA 
                              President J.D. Alexander says the proposal to cut 
                              the exemption from $5 million to $3.5 million and 
                              increase the tax from 35 percent to 45 percent 
                              threatens to tax agriculture out of business. 
                                 "President 
                              Obama has much to learn about the realities of 
                              small businesses and production agriculture. Most 
                              of these farm and ranch families are not wealthy. 
                              Instead, their value is tied up in the land they 
                              work and the equipment they use to provide a safe 
                              and affordable food supply for a growing 
                              population," Alexander said.   To read more about the NCCB's 
                              response to the president's budget, click 
                              here.    |  
                          
                          
                            | Sponsor 
                              Spotlight   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- and their IPHONE App, which 
                              provides all electronic futures quotes is 
                              available at the App Store- click here for the KIS 
                              Futures App for your Iphone.   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.    |  
                          
                          
                            |   NCC Executive Outlines STAX 
                              Proposal 
                              Rationale  Addressing 
                              the joint meeting of the National Crop Insurance 
                              Services and American Association of Crop 
                              Insurers, National Cotton Council President/CEO 
                              Mark Lange laid out the circumstances that brought 
                              the U.S. cotton industry to endorse a sweeping 
                              change in cotton policy.
 Speaking to their 
                              convention in Scottsdale, Arizona, Monday, Lange 
                              said the Stacked Income Protection Plan, or STAX, 
                              allowed U.S. cotton to meet budget constraints, 
                              provide meaningful risk management and address the 
                              commodity's unique policy challenge -- the World 
                              Trade Organization (WTO) Brazil case.
 
 "The 
                              policy developed by the National Cotton Council 
                              can be operated with a 30 percent reduction in the 
                              CBO baseline for upland cotton," Lange stated. 
                              "The STAX program is an extension of current 
                              area-wide revenue based crop insurance products 
                              and allows reasonably priced coverage for losses 
                              that are not currently available. The National 
                              Cotton Council has consulted with representatives 
                              of the crop insurance industry and USDA's Risk 
                              Management Agency in the development of the 
                              program."
 
 He emphasized that crop insurance 
                              products are extremely flexible and give producers 
                              the opportunity to match the risk tools and 
                              coverage to their financial situation.
   You can read more about STAX by 
                              clicking here.     |  
                          
                          
                            |  USW 
                              Celebrates Golden Anniversary in Philippines  U.S. 
                              Wheat Associates (USW) celebrated 50 years of 
                              partnership with Filipino flour millers, bakers 
                              and noodle manufacturers at a reception and dinner 
                              in Manila, Philippines, February 9. USW 
                              representatives, U.S. wheat farmers and U.S. 
                              diplomatic and agricultural officials joined about 
                              150 guests at the Makati Shangri-La Hotel to honor 
                              their customers in this developing island nation 
                              of 94 million people. 
 "Few markets have 
                              shown such consistent loyalty to U.S. wheat," said 
                              USW Assistant Regional Director for South Asia Joe 
                              Sowers, who served as master of ceremonies. "It is 
                              that loyalty that keeps the Philippines a top 
                              priority for USW and the wheat farmers we 
                              represent."
 
 Today, the Philippines is the 
                              second largest importer of soft white and hard red 
                              spring wheat in the world. The 12 Filipino flour 
                              milling companies have recently imported an 
                              average total of 1.7 million metric tons of U.S. 
                              wheat per year. The Philippines imports more wheat 
                              than any other U.S. agricultural product, with a 
                              value of more than $500 million in three of the 
                              past four years.
   You can read more about USW in the 
                              Philippines by clicking here.   |  
                          
                          
                            |   Deadline Looms 
                              for Ag Hall of Fame 
                              Nominations  The 
                              deadline for making nominations for the Governor's 
                              Outstanding Achievement Award in Agriculture is 
                              rapidly approaching.  Nominations will be 
                              accepted only until the close of business this 
                              Friday.   The 
                              Oklahoma Department of Agriculture, Food, and 
                              Forestry (ODAFF) created the award in 
                              1998 to honor leaders in the agriculture 
                              industry who have exemplary personal values and 
                              agricultural achievements in Oklahoma. The award 
                              winner will be inducted into the Oklahoma 
                              Agriculture Hall of Fame located at the Oklahoma 
                              Department of Agriculture, Food, and Forestry. 
                              
 Previous recipients of the award exhibited 
                              high standards of conduct, leadership, innovation, 
                              and accomplishment in agriculture. These 
                              individuals were from different parts of Oklahoma 
                              and many times were not widely known outside of 
                              their specific agricultural groups or commodities. 
                              However, each Hall of Fame inductee has served as 
                              a community leader in addition to being an 
                              agricultural producer who made a significant 
                              impact on the lives of others.
 
 Selfless 
                              service, iron determination, a love of farming and 
                              willingness to take necessary business risks are 
                              traits that unite the past honorees.
   To read more about the award or to 
                              make a nomination, click here.   |  
                          
                          
                            |   OFB Leadership Conference to Focus 
                              On Legislative Issues  State 
                              legislative leaders will address Oklahoma Farm 
                              Bureau county presidents Feb. 20-21, during the 
                              annual OFB Leadership Conference at the Marriott 
                              Hotel, 3233 Northwest Expressway, in Oklahoma 
                              City. 
                              
 "This 
                              is a great opportunity for our county leaders to 
                              meet with their legislators and discuss issues 
                              important to rural Oklahoma," said OFB President 
                              Mike Spradling.
 
 The 
                              first day will feature a series of discussions on 
                              Oklahoma water laws, estate planning and 
                              employment laws. Also, Farm Bureau's coveted 
                              Meritorious Service Awards will be presented 
                              during the evening's conference banquet.
 
 Day 
                              two will kick off with a legislative panel 
                              featuring State Representatives Leslie Osborn and 
                              Wade Rousselot and State Senators Sean Burrage and 
                              Clark Jolley. The lawmakers will discuss the topic 
                              of eliminating the state income tax.
    For more details and a full 
                              conference agenda, click here.   |  
                          
                          
                            |   Commodity Classic Shatters 
                              Attendance Records  With 
                              more than two weeks before the 2012 Commodity 
                              Classic kicks off in Nashville, Tenn., the show 
                              has broken all registration records. Last year, 
                              total attendance set a record of 4,826 show 
                              participants. This year, registrations for the 
                              17th annual event have already surpassed the 5,000 
                              mark with two more weeks left until onsite 
                              registration opens.
 "We are thrilled that 
                              more and more growers and industry professionals 
                              recognize the value of attending Commodity 
                              Classic," said Commodity Classic co-chair Martin 
                              Barbre. "Agriculture is both an exciting and 
                              challenging way of life. Because Commodity Classic 
                              addresses farming from a grower's perspective, 
                              attendees find they can take information they've 
                              gathered from the show and put what's practical 
                              for their operations into the field."
 
 More 
                              farm families, first-time attendees and 
                              agribusiness representatives will be at Commodity 
                              Classic than ever before. To celebrate the record 
                              breaking attendance, Commodity Classic's 5,000th 
                              registrant, Kirk Zinkievich from Medina, N.Y., 
                              received a complimentary registration. "I'm amazed 
                              how big the show has become," said Zinkievich. "It 
                              just shows you the importance of agriculture 
                              today."
 
 You can find out more about the 
                              Commodity Classic and how to register by clicking 
                              here.
 |  
                          
                          
                            |  This 
                              and That- Gallagher, Iba, Dixie National and 
                              the OALP    The 
                              Sons of Duster have shown up- and the OSU Wheat 
                              Improvement Team have declared them worthy of 
                              being named.  Two new varieties of Hard Red 
                              Winter wheat have been unveiled by Dr. 
                              Brett Carver- wheat breeder deluxe at 
                              Oklahoma State University.  The two new new 
                              varieties sound like a building OSU Cowboy fans 
                              hold in high regard- Gallagher and Iba.     In 
                              the extremely tough 2011 growing season- Iba 
                              bested Daddy Duster while Gallagher matched the 
                              parent in average yield at eight sites across the 
                              state. Of the two, Iba was also checked for 
                              forage- and blew away several other notable graze 
                              and grain varieties- producing over 3,100 pounds 
                              of forage. Click here for more details about 
                              these two new varieties that have come out of 
                              the parentage of Duster and from the breeding 
                              program of Dr. Carver.     Our 
                              congrats to the OSU Livestock Judging Team, which 
                              blew away the competition at the Dixie National 
                              Show a week ago down in Jackson, Mississippi. Dr. 
                              Mark Johnson, who coaches the squad for the Animal 
                              Science Department, says all 17 members of the 
                              team are Juniors and ANSI majors- and he tells us 
                              that their second competition of the year was a 
                              dominating performance. Five of the overall 
                              individuals were OSU students- and the three top 
                              individuals in giving reasons were OSU Cowboys. 
                              Highlighting the Cowboy lineup was 
                              Jake Warntjes, High 
                              Individual Overall and 2nd High Individual in 
                              Reasons. He was followed by  Jamie 
                              Bloomberg- 4th High Individual Overall 
                              and 3rd High Individual in Reasons. 
                              Morgan Meisenheimer was the 
                              High Individual in Reasons.     Finally- 
                              a quick reminder that we will be traveling with 
                              Class XV of the Oklahoma Ag Leadership 
                              Program as we eventually end up in 
                              Edinburgh, Scotland early Thursday morning. The 
                              ten day international study program includes lots 
                              of stops on cattle, sheep and horse farms- plus 
                              Universities, the European Headquarters for 
                              Alltech and a lot more. We will have daily 
                              coverage via this email and on our website as 
                              well- starting soon after we get our boots on the 
                              ground.       |  |  
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                            |     God Bless! 
                              You can reach us at the following: 
                               phone: 405-473-6144  
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