From: Ron Hays []
Sent: Wednesday, June 25, 2008 21:59
Subject: Oklahoma's Farm News Update
Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Thursday June 26, 2008!
A service of Farm Credit of East Central Oklahoma, KIS Futures & Johnston Enterprises!
-- Harvest Progressing North and East of Enid- Eastern Grant and Kay Counties.
-- Chatting with Congressman Lucas on Farm Issues
-- Korea Opens to US Beef- Who Will Buy it???
-- Hey Dean Whitson- Set Another Chair- More Money Has Arrived!
-- American Farm Bureau Calls Current Disaster Losses an Eight Billion Dollar Problem!
-- Signup Starts for Direct and Countercyclical Payments.
-- Not a Surprise- More Video Spewing Out From the Humane Society.
-- Checking 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 proud to have KIS Futures as a regular sponsor of our daily E-Mail. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for their website or call them at 1-800-256-2555.

We welcome as our newest regular sponsor on our daily email Johnston Enterprises- proud to have served agriculture across Oklahoma and around the world since 1893. Johnston Grain wishes our wheat producers a safe and prosperous harvest this month- for more on Johnston Enterprises- click here for their website!
And finally, we are glad to have Farm Credit of East Central Oklahoma as a regular sponsor of our daily email update. Farm Credit of East Central Oklahoma has ten branch offices to serve your farm financing needs and is dedicated to being your first choice for farm credit. Check out their website for more information by clicking here!

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Harvest Progressing North and East of Enid- Eastern Grant and Kay Counties.
The 2008 Oklahoma Wheat harvest is getting down to those last few percentage points- so says the Executive Director of the Oklahoma Wheat Commission, Mark Hodges. Hodges is estimating the 2008 wheat harvest statewide is now approximately 85% complete.

He reports that the open weather in recent days has allowed farmers to move quickly in getting the remaining crop out of the field and into the bin. In the area from Enid north and east to Blackwell, Hodges says that we are now 60 to 65% complete. In the Panhandle, Texas County wheat harvest is 75% to 80% percent done, while Cimarron County producers have cut about 50 to 60% of their acreage.

Test weights from Enid to Blackwell have held up fairly well- despite the heavy rains the crop was subjected to once fully ripe. Test weights are generally at 58 pounds or slightly better. Protein levels are running eleven and a half percent or slightly more in that region. Meanwhile, the Panhandle is having high protein percentages reported, consistent with the idea of the stress the crop has been under in that northwesternmost part of the state.

Be sure and let us hear from you on you harvest experiences as you wrap things up here in 2008- drop me an email- I appreciate your feedback!

Click here to jump to the Wheat Harvest Webpage- which includes the Mark Hodges Audio Report for this Thursday morning.

Chatting with Congressman Lucas on Farm Issues
While I have been out of town this week for some R&R- I asked my colleague Ed Richards to take care of our regular phone conversation with Congressman Frank Lucas- Oklahoma's man on the House Agriculture Committee. Richards talked with Congressman Lucas about three subjects- and we do have that conversation linked below for you to check out.

Congressman Lucas said that he understands the frustration of some in the western two thirds of the Oklahoma Panhandle that face extreme drought conditions this summer- and will get little help from CRP ground when it comes to emergency supplies of forage. Lucas says that it appears to him that the State FSA folks had their hands tied on how to administer the rules- and that they were doing what the rules dictated that they should do. He adds that the apparent reason for the Critical Use declaration by Secretary Ed Schafer to allow folks to harvest forage for any reason off of their CRP ground this summer- for only a $75 administrative fee- is an attempt to get at least a little forage into the supply mix in the face of tight feed supplies for all of this year.

Lucas expressed personal frustration over the consequences of the elections that swept the Democrats into power in the US House- and vaulted Nancy Pelosi into the role of Speaker of the House. Lucas points to her demands for billions of dollars more for nutrition programs at the expense of anything else as the reason so many of the commodity and conservation titles got less money than they probably needed for the coming five years. He believes it will be 2011 at the earliest before any change may occur in the political landscape that might help improve the chances of making the 2008 Farm Law a little better for agricultural interests.
You can take a listen to the full conversation with Congressman Lucas with Ed Richards of RON by clicking on the link below- give it a listen.

Click here to listen to Ed and Congressman Lucas talking ag issues.

Korea Opens to US Beef- Who Will Buy it???
The South Korean government has decided to move quickly and allow US beef back in- based on the private sector agreements made in recent days that offer assurances that no beef from animals over thirty months of age will be allowed to be shipped to the Asian nation.

South Korea will publish the quarantine and inspection guidelines based on a beef import deal which was struck with the United States in April and revised last week to ease health concern, the Ministry of Food, Agriculture, Forestry and Fisheries said in a statement on Wednesday. Once the legal notice is published Thursday, South Korean beef importers can ask the government to inspect U.S. beef and the government must release the meat that passes the inspections. Some 5,300 tons of U.S. beef, shipped earlier to South Korea but held in customs and quarantine facilities, can be inspected starting this week, ministry officials said. The legal notice also gives the green light to South Korean importers to place orders in the United States.

However, Reuters is reporting that South Korean government officials have said they do not expect importers to immediately request quarantine checks.
Add to that fact that no major restaurant chain or supermarket chains have immediate interest in US beef- based on the ongoing protests that are likely to continue for some time, the market may stand wide open with no one wanting to be among the first to jump and test the acidity of the water.
The US Meat Export Federation has pledged that once the gates are open- they will begin a campaign to assure consumers of the safety of US beef. In a letter sent to Secretary of Agriculture Ed Schafer and Trade Ambassador Susan Schwab by three major meat trade groups last week- "Following publication by the Republic of Korea of the "Import Health Requirements for U.S. Beef and Beef Products," the U.S. Meat Export Federation will undertake a communication program to respond to questions that have been raised about the safety of U.S. beef and address the concerns that have been expressed in Korea, and we request the support and cooperation of the U.S. Government and the Government of Korea in this effort."
It will be a long and lonely road- at least initially.

Hey Dean Whitson- Set Another Chair- More Money Has Arrived!
Word comes from our friend Grady Scott of the Chisholm Trail Farm Credit that all seven Farm Credit Associations in Oklahoma have stepped up to jointly donate $250,000 to the OSU Foundation to help establish yet another "Professorship" as time winds down in the effort to grab the unique four for one match that is available until the close of business next Monday at Oklahoma State University.

The Farm Credit monies are going to establish the "Oklahoma Farm Credit Professorship of Agricultural Finance." The quarter of a million dollars that the Farm Credits in the state is bringing to the table will be matched dollar for dollar by the T Boone Pickens pot of money ($100 million pot) which brings it to $500,000- and that half million will be matched by the State of Oklahoma- again dollar for dollar- bringing this Endowment to the million dollar mark.

This is fourth million dollar endowment that we have heard about for the Division of Agriculture since the Pickens money was announced- making this unique four for one match a reality. Others are being worked on- including one for the Oklahoma Ag Leadership Program- give us a call or drop us an email if you want to know more about that.

American Farm Bureau Calls Current Disaster Losses an Eight Billion Dollar Problem!
American Farm Bureau Federation's June Market Update reports that more than eight billion dollars in estimated weather-related damage has occurred thus far in 2008. Iowa accounts for approximately half the damage. The publication notes there are problems in at least a dozen other states ranging from the excessive wetness and flooding in Illinois to drought in California.

AFBF senior economist Terry Francl, says - difficult growing conditions greatly reduce the yield of the crop that is harvested. He adds that because of flooding, expected Iowa corn yields are reduced 16 percent for this year, and 1.5 million to 2 million acres of corn and soybeans in Iowa that farmers intended to plant this spring will likely remain fallow. This results in a four billion dollar shot to Iowa's crops.

Other states taking a hit from excessive wetness and flooding are: Illinois, 1.3 billion; Missouri, 900 million; Indiana, 500 million; Nebraska 500 million; and an additional 1 billion in the remaining wet states. As for drought, California suffered 500 million dollars in estimated damage. This equals the estimated drought-related damage in all other states combined.

Signup Starts for Direct and Countercyclical Payments.
Agriculture Secretary Ed Schafer has announced that signup has begun for USDA's 2008 Direct and Counter-cyclical Payment Program. Contracts are available at USDA Service Centers and signup will continue until September 30, 2008. USDA's DCP readiness follows the June 12 availability of marketing assistance loan and loan deficiency payment provisions.

Producers can fill out their 2008 DCP contract at any USDA Service Center. Producers can also sign-up online. They can choose payment options, assign crop shares and sign and submit their contracts from any computer with Internet access. They can also view and print submitted contract options.

Eligible producers may request to receive an advance payment of 22 percent of the direct payment for each commodity associated with the farm. Payments will be made as soon as practical after enrollment. Final direct payments will be issued after October 1, 2008. Counter-cyclical payments vary depending on market prices, and are issued only when the effective price for a commodity is below its target price.

Click here for more details about signing up for Direct and Countercyclical Payments under the 2008 Farm Law.

Not a Surprise- More Video Spewing Out From the Humane Society.
The Humane Society of the United States says newly released video reveals that sick and crippled dairy cows continue to be abused in the livestock industry. These latest charges point out only mistreatment. HSUS has not charged that these "downer" cattle were put into the food change.

The latest investigation occurred at the Portales Livestock Auction in Portales, New Mexico. Wayne Pacelle, president and CEO of the HSUS, says - no longer can anyone in government or industry reasonably claim that the abuses we documented at Hallmark were an aberration or an isolated case. Pacelle says - this gross mistreatment of spent dairy cows should turn your stomach.

After seeing the video, Secretary of Agriculture Ed Schafer said - although this is an unfortunate situation and we deplore this type of behavior, it is evident that these cattle were too weak to rise and walk on their own, and would not have been accepted upon delivery to a slaughterhouse. The Secretary continued - they would not have passed ante-mortem inspection - and would not have - even entered the first phase of a multi-phased process of approving cattle for slaughter.

Our thanks to Johnston Enterprises, KIS Futures and Farm Credit of East Central Oklahomafor 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

Checking 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. Previous Day's Energy Market Recap- also from Country Hedging
The National Daily Feeder & Stocker Cattle Summary- as prepared by USDA.
The National Daily Slaughter Cattle Summary- as prepared by USDA.

God Bless! You can reach us at the following:
phone: 405-473-6144

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