~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Monday, September 12, 2011A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Oklahoma Agricultural Losses From Drought More Than $1.6 Billion
-- U.S. Beef and Pork Exports for July Continue to Rise
-- Allendale Releases Yield Survey Estimates Ahead of This Morning's USDA Reports.
-- National Wildlife Federation Working with Farmers and Ranchers for 2012 Farm Bill
-- When Will the President Send the Free Trade Deals to Congress?
-- United Soybean Board Releases Video Addressing Food Prices Issue
-- Check our Calendar- Lots to See and Do Including the State Fair of Oklahoma!
-- Let's Check the Markets!
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- 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.
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information on the oilseed crops they handle, including sunflowers and
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sunflowers on the PCOM
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Oklahoma Agricultural Losses From Drought More Than $1.6 Billion
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Preliminary estimates by Oklahoma State University's Division of Agricultural Sciences and Natural Resources indicate that Oklahoma has suffered more than $1.6 billion in drought-related agricultural losses this year.
Division officials caution that the results are preliminary while acknowledging the need to release statistics determined thus far so as to allow individuals, organizations, civic leaders and government officials to more effectively address various drought-related concerns and issues.
Preliminary estimates of the 2011 drought's effect on production
agriculture in Oklahoma are:
"These estimates most likely represent a lower end of the overall impact, as we have not yet accounted for off-farm impacts to farm suppliers as producers try to minimize costs, or reduced recreational and residential use because of lower lake levels, water-use restrictions and the like," said Dave Shideler, OSU Cooperative Extension agricultural economist.
The estimates were generated using the latest available U.S. Department of Agriculture - National Agricultural Statistics Service data for each production classification as a base.
U.S. Beef and Pork Exports for July Continue to Rise
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~July was another very strong month for U.S. beef and pork exports, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Both are on pace to set new export value records in 2011 and to eclipse the $5 billion mark for the first time ever.
Beef exports set a new value record in July of $513.1 million, on a volume of 120,424 metric tons. For the first seven months of the year, exports totaled 741,275 metric tons valued at nearly $3.1 billion - an increase of 26 percent in volume and 40 percent in value over last year's pace. July exports equated to 16.3 percent of total U.S. production with a value of $236.88 per head of fed slaughter. This compared to 12 percent and $159.34 per head last July. For the year, beef exports equated to 14.2 percent of production with a value of $198.67 per head of fed slaughter.
July pork exports totaled 169,547 metric tons valued at $480.06 million - an increase of 16 percent in volume and 24 percent in value. This pushed the 2011 total to 1.25 million metric tons valued at $3.3 billion - increases of 14 percent and 20 percent, respectively, over last year. July exports equated to 28.7 percent of production with a value of $59.35 per head, compared to 23.8 percent and $45.95 in July 2010. For the year, pork exports equated to 27.3 percent of production with a per head value of $53.63.
"July was another outstanding month for red meat exports, as we continued to expand the presence of U.S. beef and pork throughout the world," said USMEF President and CEO Philip Seng. "This is a testament to the commitment U.S. producers and exporters have made to the international markets. Despite market access restrictions, high tariffs and other trade barriers, the investments we are making in foreign markets are paying tremendous dividends. And this success couldn't come at a better time, as it is adding jobs to the U.S. economy and delivering much-needed returns to our farmers and ranchers. Those producers are dealing with high operating costs, adverse weather and many other significant challenges, and the export markets are clearly the best thing they have going in terms of profitability."
Click here to read the complete export report from USMEF on July exports
Allendale Releases Yield Survey Estimates Ahead of This Morning's USDA Reports.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Allendale Inc. 2011, 22nd Annual Crop Survey suggests a projected US corn crop of 12.466 billion bushels and a soybean crop of 3.007 billion bushels. This estimate was based on producer calculated yields in 24 states. It was conducted from August 22 until September 2, 2011.
The US Department of Agriculture will release their September first crop production estimates on Monday morning, 7:30 AM central time, and the general consensus is that both the US corn and soybean crops have gotten smaller than the August estimates suggested. We will have complete info and reaction to the reports on our front page of our website- by around 8 AM or shortly there after. Click here for our website where you will find USDA's take on our nation's crops.
When it comes to corn, Allendale's nationwide survey lowered yields to 147.7 from USDA's current 153.0. This is the lowest yield since 2003's 142.2. It represents a 3.5% reduction from August. This is the largest September decline since 1995's 3.6% drop. This reduces production by 448 million bushels. Of that, sharply reduced demand will offset 310 million bushels.
For soybeans, Allendale's nationwide survey lowered yields to 40.7 from USDA's current 41.4. This is the lowest yield since 2008's 39.7. It represents a 1.7% reduction from August. This number is the largest September decline since 2003's 7.6% drop. Production has been reduced by 49 million bushels. Of that, 21 million will be offset by falling demand.
Click here to watch Allendale's video report on the estimates and latest survey
National Wildlife Federation Working with Farmers and Ranchers for 2012 Farm Bill
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The writing of the 2012 Farm Bill has been on a lot of minds lately, with concerns about funding and exactly what programs will be hit the hardest. Julie Sibbing, Director of Agricultural Programs for the National Wildlife Federation, was visiting Oklahoma this week to talk with Congressman Frank Lucas' people on the importance of conservation in the 2012 Farm Bill.
The agricultural program with the National Wildlife Federation is structured around wildlife, however, Sibbing says one of its goals is to figure out how to work with agriculture in both ranching and production agriculture. If the conservation title is cut in the 2012 Farm Bill, there is the possibility that many of their programs that are helpful to farmers and ranchers, like the Wildlife Habitat Incentive Program and the Grasslands Reserve Program, will be effected.
The Grassland Reserves Program, an easement program, has been a fairly popular program across Oklahoma because it does not take the land out of production. In fact, it helps keep the land in the production through ranching because cattle are compatible with good wildlife, says Sibbing. Sibbing also says the NWF hopes to see more programs like the Grasslands Reserve Program so that it will be more economically viable for ranchers to continue ranching.
Other programs, like the Conservation Reserve Program, have proven
successful in the past in helping wildlife. The CRP land has been cut over
the years from 39 million acres to 32 million acres and Sibbing says there
is a chance they will be cut again in the 2012 Farm Bill. Sibbing also
says if the CRP acres are cut then it will cause immeasurable
Click here to listen to Julie Sibbing's comments on conservation in the Farm Bill
When Will the President Send the Free Trade Deals to Congress?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~With Congress back from the fall recess, a looming question is becoming louder: when will three long-pending free trade agreements see action?
The agreements - negotiated with Colombia, Panama and South Korea as long as four years ago - generally enjoy bipartisan support, even while stuck in the equivalent of political muck.
The latest concerns revolve around trade adjustment assistance (TAA), which aids U.S. workers hurt by trade agreements. The Obama Administration and, thus, Congressional Democrats have insisted on simultaneous passage of TAA and the FTAs, which Republicans disagree with.
The House of Representatives took a very initial first step Wednesday toward a potential path forward by passing, via a voice vote and under suspension of the rules, legislation to renew the generalized system of preferences (GSP), which is a program designed to promote economic growth in developing countries through reduced duties.
Click here for more information and updates on the free trade agreements
United Soybean Board Releases Video Addressing Food Prices Issue
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The United Soybean Board has released a new video of soybean farmer and USB Director David Hartke discussing food prices.
According to the U.S. Department of Agriculture (USDA), the average U.S. consumer spends just 10 percent of his or her income on food. By comparison, in the 1960s, Americans spent 15 percent of their income on food. In some developing countries today, consumers can spend up to 50 percent of their income on food.
Surveys conducted by the United Soybean Board (USB) have shown that more than 80 percent of U.S. soybean farmers feel an obligation to help feed the world. USB remains committed to this charge by supporting U.S. soybean farmers through research on better farming practices and new U.S. soybean varieties that could produce higher quality and greater amounts of U.S. soy. Through this research, U.S. farmers have been able to increase yields sustainably and will continue to do so to meet the challenge set by the United Nations (U.N.) to increase food production by 50 percent by 2030. This increase will be necessary as the world population grows and as people in developing countries can increasingly afford to improve their diets by adding meat.
Every day, 2.2 million U.S. farmers battle uncontrollable factors such as flooding, drought, pests, and plant and animal diseases to help provide food for today's world population of nearly 7 billion. Still, U.S. farmers receive less than 12 cents of each dollar spent on food in the United States. According to the USDA, the majority of food costs cover things such as the cost of petroleum for transportation, and costs associated with processing and packaging.
Click here to watch the latest video from the United Soybean Board on food prices
Check our Calendar- Lots to See and Do Including the State Fair of Oklahoma!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Lots of events are posted on our calendar- including a very practical seminar to help cattle producers think through drought issues heading into winter. The Samuel Roberts Noble Foundation, Oklahoma State Extension and the Oklahoma Quality Beef Network will host a Basic AG Fall Management Seminar to assist new producers prepare their livestock for the upcoming season. The event, which is offered at no cost and is open to the public, will take place from 6:30 p.m. to 8 p.m. on Thursday, Sept. 15, at the OKC West Sale Barn (located at 7200 East Highway 66 in El Reno, Okla.). Click here for more details as found on our calendar listing at www.OklahomaFarmReport.Com.
Other events to check out include a water quality session in Jay on Tuesday evening, a fumigation Workshop on campus at OSU this Wednesday, and the first of the Fall Cattle Drive events being put on by the OCA- this one on Thursday at the Fisher Ranch in Eufala.
I also mentioned at the top of this story- the 2011 State Fair of Oklahoma- we have many of the livestock related events linked on the calendar found on the website- starting this coming weekend at State Fair Park in Oklahoma City. Click on the LINK below for our complete listing of the State Fair stuff- and so many other items that are now on there for the balance of the month of September- check them all out!!!
Click here for the calendar listings as found at www.OklahomaFarmReport.Com
A new supporter of your daily email are the Legendary Restaurants of Oklahoma- each Friday at 8:30 AM central time- another great Oklahoma restaurant will be featured with a special half priced deal- you will be able to buy fifty dollars worth of certificates for just $25! The next restaurant to be featured will be Isle of Capri in Krebs- click here for more details on this great deal coming this Friday for lovers of wonderful Italian food they offer at Isle of Capri in Krebs, Oklahoma. AND- there are a few vouchers left for great hamburger eating at Johnnies in the OKC metro- click here to jump over to that deal before they are all gone.
Our thanks to Midwest Farms Shows, PCOM, P & K Equipment/ P & K Wind Energy, Johnston Enterprises, American Farmers & Ranchers 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- 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 $13.29 per bushel, while the 2012 New Crop contracts for Canola are now available are $13.30 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:
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