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We
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 $12.01 per bushel-
2012
New Crop contracts for Canola are now available at
$12.28 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
Thursday,
March 8,
2012 |
Howdy
Neighbors!
Here is your daily Oklahoma farm and ranch
news update.
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Featured
Story:
House
Agriculture Committee Adopts Budget Views and
Estimates Letter
The
House Agriculture Committee adopted the budget
views and estimates letter which outlines the
committee's budget recommendations for the
agencies and programs under its jurisdiction for
fiscal year 2013. The letter will be submitted to
House Budget Committee Chairman Paul Ryan of
Wisconsin as required by section 301(d) of the
Congressional Budget Act of 1974, as well as House
Rule X, clause 4(f).
"For the past year,
this Committee has worked to identify areas for
potential deficit reduction while also seeking
ways to stimulate job creation. We will continue
that work in 2012, primarily through the
reauthorization of the Farm Bill. Ultimately, our
goal is to craft fiscally responsible policy that
helps farmers and ranchers across the country
thrive," said Chairman Frank
Lucas.
"We have already
demonstrated that we can step up and be fiscally
responsible while providing a safety net for
America's farmers and America's hungry. This
letter makes clear that if the Agriculture
Committee is allowed to do its job, we will work
together and reduce the deficit in a responsible
way while continuing to best represent our
constituents," said Ranking Member Collin
Peterson.
You can read the Views and Estimates
letter by clicking here.
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Sponsor
Spotlight
It is great to have as a
regular sponsor on our daily email
Johnston Enterprises- proud to be
serving agriculture across Oklahoma and around the
world since 1893. Service was the foundation upon
which W. B. Johnston established the company. And
through five generations of the Johnston family,
that enduring service has maintained the growth
and stability of Oklahoma's largest and oldest
independent grain and seed dealer. Click here for their website,
where you can learn more about their seed and
grain businesses.
We are pleased to have
American Farmers & Ranchers Mutual
Insurance Company as a regular sponsor of
our daily update. On both the state and national
levels, full-time staff members serve as a
"watchdog" for family agriculture producers,
mutual insurance company members and life company
members. Click here to go to their AFR
website to learn more about their efforts to
serve rural America!
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CRP
General Sign-Up Deadline Approaching
Fast
U.S.
Agriculture Secretary Tom Vilsack
reminded landowners, farmers and ranchers that the
opportunity to enroll in the Conservation Reserve
Program (CRP) general sign-up 43 is approaching.
Producers who want to offer eligible land for
CRP's competitive general sign-up can enroll March
12 through April 6, 2012, at their Farm Service
Agency (FSA) service center.
CRP is a
voluntary program that assists farmers, ranchers
and other agricultural producers to protect their
environmentally sensitive land. Producers
enrolling in CRP plant long-term,
resource-conserving covers in exchange for rental
payments, cost-share and technical
assistance.
Producers are encouraged to
contact their local FSA service center or visit FSA's website for additional
information regarding CRP by clicking
here.
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Beef
Exports Strong, Record Prices Signal Caution
Domestically
Beef
exports remain strong while domestic sales remain
somewhat sluggish into the new year says
Jim Robb, executive director of
the Livestock Market Information Center based in
Denver, Colorado.
Robb says the demand in
exports grew at an 11-percent rate year-over-year
according to the last six weeks of data from the
USDA. He says the rate of growth
is quite a bit more than had been anticipated, but
the market retains some volatility with buyers
stepping in and out. Surprisingly, he said, the
biggest gains in export demand come from Mexico.
"Incomes are moving up. Their economy
seems to be getting a little bit better in
parallel with the U.S. and they had sort of
switched focus away from beef a little bit in
recent years toward more pork product. It appears
the Mexican market is coming back a little bit to
beef," he says.
More of Jim Robb's analysis and the
full Beef Buzz interview are available by clicking
here.
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National
Farmers Union (NFU) delegates adopted a Special
Order of Business at their 110th Annual Convention
of the organization on Wednesday that calls for a
separation of the Federation of State Beef
Councils from the National Cattlemen's Beef
Association.
The
President of the American Farmers & Ranchers-
Terry Detrick- argued against the
resolution behind closed doors for the last
several days as well as on the floor of the
delegate session on Wednesday. Detrick is a
representative of the Cattlemen's Beef Promotion
Board for Oklahoma- and he says that while there
was a lot of concern from an audit released in
2010- that the problems uncovered have been
addressed- and that the process is "squeaky
clean."
It's not just the Beef
Checkoff issue that has kept Detrick busy while
helping represent Oklahoma as one of the largest
Farmers Union states in the organization.
Detrick explains that AFR is much more
conservation than the "boys up north" and that AFR
policy is often at odds with the NFU positions
taken by the delegates and the Executive
Committee.
It
appears that Detrick will have the chance to be
the conservative conscience of the generally
liberal farm group- as he has been selected to go
onto and serve on the Executive Committee of the
NFU this year. Click here for our special audio
report that features our Wednesday evening
conversation with this wheat and cattle producer
from Ames, Oklahoma.
We
also have the NFU's News release on their special
orders that covered a wide range of
issues. You can read more about them by
clicking here.
Our
friend and colleague Chris Clayton of DTN has been
in Omaha this week- and he wrote on the debate
over the Beef Checkoff- click here to read his article on
the Wednesday debate.
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Lawmakers
Urge Obama Administration to Support Biodiesel
A
bipartisan group of 60 members of Congress from
across the country has signed letters to the White
House urging the Obama Administration to follow
through with the EPA's proposal to increase the
biodiesel volume requirement under the Renewable
Fuel Standard (RFS) next year.
"The
skyrocketing gas prices we're seeing should remind
us all why Congress - with overwhelming bipartisan
support - started the RFS in the first place,
which was to diversify our energy supplies and
limit our vulnerability to just these kinds of
price spikes," said Anne Steckel, vice president
of federal affairs at the National Biodiesel
Board. "This is strong energy policy and we
shouldn't shy away from it now."
At issue
is an EPA proposal to increase the biodiesel
volume requirement under the RFS to 1.28 billion
gallons in 2013. Late last year, the Obama
Administration delayed the decision, saying it
needs further review, and the EPA could issue a
final rule within weeks. Biodiesel has been a
highlight of the RFS so far, exceeding its volume
requirement last year with record production of
1.1 billion gallons. An Administration decision to
rescind the modest increase to 1.28 billion
gallons would stunt the industry's growth and
likely lead to plant closures and thousands of
lost jobs.
"This really should be an
easy decision for the Obama Administration,"
Steckel said. "We're talking about modest growth
for the only EPA-designated Advanced Biofuel
that's in commercial-scale production across the
country today. It is directly in line with
President Obama's call for an 'all of the above'
energy approach and his focus on clean, domestic
production. And it will create thousands of jobs
across the country while improving air quality and
reducing greenhouse gas
emissions."
You can access the Senate's and the
House's letters as well as read more about
lawmakers' support for biodiesel by clicking
here.
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Conservation
Compliance v. Conservation Incentives--A False
Choice?
"I
appreciate Secretary Vilsack's support of
conservation incentives, but I believe that he has
created a false choice between incentive-driven
conservation and conservation compliance," said
Jon Scholl, President of American Farmland Trust
(AFT). "Conservation compliance is nothing more
than an incentive for farmers with highly
sensitive lands to follow a few basic conservation
practices. When I talk to farmers, they recognize
that conservation compliance is crucial for the
long-term health of our soil."
Put in place
in the 1985 Farm Bill, conservation compliance is
a set of minimum conservation standards that
farmers with sensitive lands must follow in order
to receive federal farm subsidies. Compliance
helps reduce erosion and protect our productive
soils on the farmland that is most vulnerable to
erosion, while also protecting wetlands. No farmer
is required to follow conservation compliance, but
if a farmer is not in compliance, USDA will
temporarily withhold certain benefits-including
commodity, disaster, and conservation payments and
loans-until the farmer comes back into compliance.
Currently, compliance requirements do not
attach to the federal insurance premium support
that farmers receive when they purchase crop
insurance. Compliance was attached to crop
insurance subsidies in 1985, but was later removed
in 1996 to help encourage producers to purchase
crop insurance. Today, program participation is
not an issue, with over 80 percent of commodity
farmers signed up. As crop insurance becomes the
centerpiece of the farm safety net going forward,
and direct payments go away, farmers will have
much less of an incentive to follow conservation
compliance.
To read more of Jon Scholl's and the
AFT's views on conservation compliance, click
here.
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Ag
Day is Today!!!
It's
Ag Day 2012- and one way to celebrate is to stop
and consider how agriculture touches the lives of
every American in a profound way. You give a
tip of the hat to the bounty of American
Agriculture everytime you go out to lunch
with friends, put on that cotton shirt and pair of
blue jeans- or stop at the gas pump and fill up
with an E-10 blend of gas and ethanol.
Agriculture
touches the lives of millions- and one of the
things I like to stop and remember is that the
fabric of our rural society is based in the work
ethic that our kids learn on the farm or ranch-
polishing that ethic through 4-H and FFA.
We
have posted the winning video essay from this
year's Ag Day celebration- click here and go and take a look
at the creativity of this young lady from Ohio-
and offer a word of thanks to everyone in the farm
and ranch pipeline on this special day!
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God Bless!
You can reach us at the following:
phone: 405-473-6144
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