From: Ron Hays [] on behalf of Ron Hays []
Sent: Wednesday, November 19, 2008 5:15 AM
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Wednesday November 19, 2008!
A service of Johnston Enterprises, KIS Futures and American Farmers & Ranchers!
-- A Preview of the 2009 Oklahoma Legislative Session with Dale Dewitt
-- Kansas City Federal Reserve Reports Healthy Credit Conditions
-- Bob Drake and Andrea Hutchison Reappointed to Cattlemen's Beef Board
-- Mrs. Boone Pickens Looking for a Home for 30,000 Unwanted Horses
-- Word from the Hill- Congressman Lucas Set to Become Ranking Member of House Ag Committee
-- Could COOL Freeze US Beef Out of the Mexican Market?
-- Looking at our Agricultural 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 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!

We are also pleased to have as a regular sponsor on our daily email Johnston Enterprises- proud to have served agriculture across Oklahoma and around the world since 1893. For more on Johnston Enterprises- click here for their website!
And 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.

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.

A Preview of the 2009 Oklahoma Legislative Session with Dale Dewitt
The 2009 Oklahoma Legislative session is still a couple of months away- but preparations are being made for the session that will see the Republicans in control of both the House and Senate for the first time ever in state history. We discussed how 2009 may play out at the State Capitol with State lawmaker Dale Dewitt of Braman, who will likely serve as the Chairman of the House Natural Resources Committee, which has several key subcommittees that sit under Natural Resources- including Agriculture.

Dewitt says that he believes that spending may have to be adjusted back some compared to 2008, but he believes there will not have to be huge cutbacks in the coming year. He does see a lot of discussion about water- although most lawmakers will be content to allow the Comprehensive Water Planning process to continue for a while longer before offering legislation.

You can hear our conversation that we had with Representative Dewitt after the banquet this past Saturday night at the Oklahoma Farm Bureau convention in Oklahoma City- click on the link below to check it out.

Click here for the webstory on WWW.OklahomaFarmReport.Com with Dale Dewitt on the 2009 legislature.

Kansas City Federal Reserve Reports Healthy Credit Conditions
Agricultural lenders from seven states surveyed by the Federal Reserve Bank of Kansas City reported healthy farm credit conditions during the third quarter, but raised concerns about the outlook for 2009. Some borrowers faced tighter credit standards as almost 20 percent of the 255 respondents raised collateral requirements but less than 2 percent reported refusing a loan due a shortage of funds.

According to the survey, released earlier this week, farm loan demand was projected to rise in the fourth quarter and participating lenders anticipated additional tightening in credit standards. Looking ahead, farm incomes are expected to decline well below the record high reported at the beginning of the year and many respondents expressed concern that rising input costs would cut profit margins next year.

The Kansas City Fed covers Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico and western Missouri.
We have linked below the complete report from the bank- click on the link to review it.

Click here for the Ag Credit Review from the KC Federal Reserve Bank

Bob Drake and Andrea Hutchison Reappointed to Cattlemen's Beef Board
Agriculture Secretary Ed Schafer has announced 32 appointments to the Cattlemen's Beef Promotion and Research Board. All appointees will serve 3-year terms beginning January 31, 2009. The Secretary selects the appointees nominated by beef, veal, dairy and importers certified organizations. USDA's Agricultural Marketing Service monitors operation of the board.

Among those who were reappointed to the CBB for a three year term were Bob Drake and Andrea Hutchison from the state of Oklahoma.

The board oversees collection of one dollar per head on all cattle sold in the United States and one dollar per head equivalent on imported cattle, beef and beef products. In addition, the board contracts with established national, non-profit, industry-governed organizations to implement programs of promotion, research, consumer information, industry information, foreign marketing and producer communications.

Click here to read more about the appointments by Secretary Schafer- including the full list named to the CBB

Mrs. Boone Pickens Looking for a Home for 30,000 Unwanted Horses
Just a few years ago T. Boone Pickens and his wife, Madeleine, led the fight to close the last horse slaughterhouse in the United States. At the time an outcry was heard over the fate of unwanted horses.

During a public hearing in Reno, Nevada Monday, Madeleine Pickens made known her intentions to adopt not just the two-thousand healthy wild horses maintained by the government, but most or all of the 30-thousand horses and burros kept in federal holding pens.

To accomplish this adoption Madeleine Pickens is now looking for land in the West that would be an appropriate home for the horses. She is working with the Bureau of Land Management to adopt the horses, while the agency persuades Congress to shift 20 million dollars in funding to feed and protect the horses now in captivity for another year.

Word from the Hill- Congressman Lucas Set to Become Ranking Member of House Ag Committee
We got word from one of the Washington ag lobbyists that spent time yesterday tracking the Steering Committee for the House Republicans that it appears that Congressman Frank Lucas of Oklahoma's Third Congressional District could be named the ranking minority member of the House Ag Committee as early as today or perhaps on Thursday.

The current ranking member, Bob Goodlatte, will stay on Ag Committee and Judiciary Committee. He will not be getting a ranking member slot on the Judiciary committee, but might get either Lucas' or Hayes' ranking subcommittee memberships on House Ag. Goodlatte has served four years as Chairman of the Committee, then the last two as the ranking minority member.

The Steering Committee met for the first time yesterday- and affirmed that the six year term limit rule would be honored and that pushes Goodlatte out of the Ranking slot. Congressman Lucas has served in Congress since the Republican revolution of 1994 and as a result, has served on the House Ag Committee through three farm bills in 1996, 2002 and 2008.

Could COOL Freeze US Beef Out of the Mexican Market?
That's a concern of Colin Woodall of the National Cattlemen's Beef Association as he tells us that the Mexicans are "all around mad for being treated this way" as it relates to criticism that is surfacing over the mixed origin label being seen in supermarkets around the country.

Woodall says that those who have demanded this situation are playing with fire as we are in danger of alienating our number one customer for US beef internationally- Mexico. Woodall says that if we lose a part or all of that market for US beef, it will cause a lot of economic pain for US producers that won't be offset by any benefit that might be coming from COOL.

His comments are a part of the conversation that we had with him last week over how COOL is unfolding- and is the subject of our Wednesday Beef Buzz heard on great radio stations around our state on the Radio Oklahoma Network. Click on the link below and you can check out today's conversation as we Beef Buzz with Colin Woodall- all about COOL.

Click here for the Wednesday Beef Buzz with Ron and Colin Woodall of NCBA

Our thanks to KIS Futures, American Farmers & Ranchers and Johnston Enterprises for their support of our daily Farm News Update. For your convenience, we have our sponsors' websites linked at the top of the email- check them 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!

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

Looking at our Agricultural Markets...

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- One Pager From Country Hedging- looks at all three US Wheat Futures Exchanges 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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