From: Ron Hays [] on behalf of Ron Hays []
Sent: Wednesday, August 13, 2008 07:11
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Wednesday August 13, 2008!
A service of Producers Cooperative Oil Mill, Farm Credit Associations of Oklahoma and Midwest Farm Shows!
-- USDA Sees Second Largest Corn Crop Ever in 2008- 12.28 Billion Bushels
-- The Oklahoma Crop Report Story- Corn, Cotton and Soybean Production Higher in 2008
-- Wheat Seed Treatment- Is It Worthwhile?
-- Next Deadline for Diversification Grants is October First
-- Wheat Industry Leaders Spending the Week in Stillwater
-- How Many Cows Can You Afford to Run?
-- Oklahoma Ag Leadership Class 14 Begins Journey Today
-- 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 excited to have as one of our new sponsors for the daily email Producers Cooperative Oil Mill, with 64 years of progress through producer ownership. Call Brandon Winters at 405-232-7555 for more information on growing Nu-Sun Sunflowers this year- and check out the full story on PCOM on their website by clicking here.

It's also great to have the Farm Credit Associations of Oklahoma with us regularly as an Email Sponsor- Financing Oklahoma is their business! Check out their website which shows their locations statewide by clicking here!
And our email this morning is also a service of Midwest Farm Shows, producer of the annual Tulsa Farm Show held each December, as well as the springtime Southern Plains Farm Show in Oklahoma City. Check out details of both of these exciting shows at the official website of Midwest Farm Shows by clicking here.

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.

USDA Sees Second Largest Corn Crop Ever in 2008- 12.28 Billion Bushels
The US corn crop was called HUGE by USDA at 12.28 Billion Bushels- pegging yield per acre at 155 bushels as the spring floods and wet weather that slowed the early pace of the 2008 crop was generally discounted. This would be the second largest corn crop on record after last year's 13 billion bushel crop.Traders expected a smaller crop of 11.94 billion bushels of corn.
In the comments made after the report was digested for a few hours, analysts were still a little in shock that USDA was that aggressive in jumping the yield per acre so high in a just one month.

Joe Victor with Allendale says that history suggests that while the USDA may be talking this lofty yield right now- and that talk may continue into September- the reality is that they have in recent years always dropped that final yield as the corn is put into the bin by three to five bushels per acre nationally- which would temper the size of this crop greatly. Other experts continue the talk that this crop is about two weeks behind normal development- and that could translate into trouble if we have even a normal frost date in parts of the corn belt.

The discussion about the soybean crop is much less certain- as that crop is behind normal development as well- and it's hard to say whether USDA dropping the yield per acre in that commodity was the right thing to do or not.

Finally, the cotton crop was dropped by USDA to 13.77 million bales- and the global crop was cut as well- which Sharon Johnson, one of the leading market gurus on cotton, says is even more important. The main reason for the crop drop in the US- Texas is likely to have a far smaller crop in 2008- dropping from 8.25 million bales in 2007 to 5.2 million bales this year. (Oklahoma is actually projected to grow production by three percent to 290,000 bales this year.)

Click here for more on the Joe Victor comments about yield trends in corn in the US.

The Oklahoma Crop Report Story- Corn, Cotton and Soybean Production Higher in 2008
For the state of Oklahoma, Production of corn for grain is forecast at 41.6 million bushels, the highest since 1932, up 6 percent from last year. An average yield of 130 bushels per acre is expected from 320,000 harvested acres.
Cotton production is forecast at 290,000 bales, up 3 percent from last year. An average yield of 819 pounds per acre, the highest on record, is expected from 170,000 harvested acres.

Production of grain sorghum is forecast at 12.0 million bushels, down 6 percent from 2007. An average yield of 46 bushels per acre is expected from 260,000 harvested acres.
Peanut production is forecast at 53.2 million pounds, down 8 percent from last year and the lowest production since 1956. An average yield of 2800 pounds per acre is expected from 19,000 harvested acres.

Soybean production is forecast at 7.13 million bushels, up 70 percent from 2007. An average yield of 25 bushels per acre is expected from 285,000 harvested acres.
Production of all hay is forecast at 6.21 million tons, the second highest on record although it is down 12 percent from last year. Alfalfa production, at 1.17 million tons, is down 19 percent from 2007. Production of all other hay is forecast at 5.04 million tons, also the second highest on record, but down 10 percent from last year's record.
Peach production is forecast at 1,800 tons, up 80 percent from last year.

Click here for the full set of Oklahoma Crop Production Numbers from the August 12 Report.

Wheat Seed Treatment- Is It Worthwhile?
The answer seems to be yes, based on a report released yesterday by several members of the Wheat Improvement Team of Oklahoma State University.

Seed Treatment can be useful in dealing with both foliar disease, fungal disease and insects, according to the report released by OSU. While they offer comparisons of several products that can be used for seed treatment- only one product offers "activity" in all of these areas- a product that we have been advertising on the Radio Oklahoma Network in recent weeks- Gaucho XT from Bayer Crop Science.

This report says of Gaucho XT "Often a combination of chemicals is present in seed treatments, which can include a combination of fungicides for a broader spectrum of activity, or a combination of fungicides with an insecticide so activity against diseases and insects is achieved. One such seed treatment is Gaucho XT, which is composed of an insecticide and fungicides so control of aphids (and hence BYDV), Hessian fly, wireworms, smuts and bunts, and seedling root rots is available in one treatment."

We have the full report as a webstory on WWW.OklahomaFarmReport.Com- click to check it out.

Next Deadline for Diversification Grants is October First
Grant and loan application deadline for the next Oklahoma Agricultural Enhancement and Diversification program is October 1. State agriculture officials are urging all producers with innovative ideas to apply. Agricultural diversification grants of up to $5,000 are available as well as interest-free loans in three categories: Cooperative Marketing Loans, Marketing and Utilization Loans, and Basic and Applied Research Loans.

"We're looking for producers are interested in either diversifying their current operations or entering some form of value-added or marketing venture," said Rick Maloney, Marketing Director for the Oklahoma Department of Agriculture, Food, and Forestry. "Our hope is that we get some good applications from growers or producer groups interested in pursuing forms of value-added enterprises or marketing cooperatives." Among other things, OAED loans and grants have been used to create a variety of diversified enterprises such as agritourism venues, marketing cooperatives and food processing businesses. Maloney said board members who review and approve proposals for the funds hope to see some creative applications for the program.

"The OAED board of directors is especially interested in the most creative types of proposals," he said. "This program is unique in that by its very design it can help get some unconventional marketing projects-perhaps the kind that regular financial institutions would be afraid to invest-get their start."
We have the link below for the application for this program- the time invested could turn your idea into cash. (or cash flow)

Click here for more information on the Agricultural Enhancement and Diversification program.

Wheat Industry Leaders Spending the Week in Stillwater
Wheat Industry Leaders are in the middle of three days they are spending in Stillwater- as the Oklahoma Wheat Commission is sponsoring their Wheat Quality Summit today at the Robert Kerr Food and Ag Products Center on campus at OSU. Yesterday, the Commission and others were behind closed doors in a no media allowed session reviewing the 2008 wheat crop- the good, the bad and the ugly.

After the Wheat Quality Summit today, the Commission will hold their regular monthly board meeting tomorrow morning- once again on campus at 106 Ag Hall.

One really interesting project that the Wheat Commission may be participating in later this fall is what is being called an "urban wheat field" in early October in Central Park in New York City. We'll be telling you more about that in the days to come.

How Many Cows Can You Afford to Run?
That's the question today on our Beef Buzz with Bob Woods once again our guest. Woods is area agronomist in Muskogee in northeastern Oklahoma- and he says the cost of fertilizer makes it mandatory that cattle producers look really hard at trying to add a few extra cows onto a pasture.

The simple question is, will it pay- can you afford to add one more cow into that pasture and get it to carry her economically.

The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- and is a regular audio feature found on our website as well. Click below for today's update featuring comments with Bob Woods.

Click here for our Beef Buzz for a Wednesday.

Oklahoma Ag Leadership Class 14 Begins Journey Today
The OALP, the Oklahoma Ag Leadership Program, begins Class 14 officially today on campus in Stillwater with their introductory seminar. They will be involved in a two year program that will carry them from today until the spring of 2010.

We look forward to spending some time with the class this afternoon and evening- and will be challenging the class to excellence as we greet them on behalf of the OSU Ag Leadership Program Advisory Board.

We have a link to the OALP website below- that will tell you more about the program and the previous classes- as well as Class 14.

Click here for the OALP website.

Our thanks to Midwest Farm Shows, Farm Credit Associations of Oklahoma and Producers Cooperative Oil Mill 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

Let's Check the 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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