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Your Update from Ron Hays of RON
Monday, December 14, 2015
DuPont and Dow Chemical to Combine in Merger of
(NYSE:DD) and The
Dow Chemical Company (NYSE:DOW) Friday announced that
their boards of directors unanimously approved a definitive agreement
under which the companies will combine in an all-stock merger of
equals. The combined company will be named DowDuPont. The
parties intend to subsequently pursue a separation of DowDuPont into
three independent, publicly traded companies through tax-free
spin-offs. This would occur as soon as feasible, which is expected to
be 18-24 months following the closing of the merger, subject to
regulatory and board approval.
The companies will include a leading global pure-play Agriculture
company; a leading global pure-play Material Science company; and a
leading technology and innovation-driven Specialty Products company.
Each of the businesses will have clear focus, an appropriate capital
structure, a distinct and compelling investment thesis, scale
advantages, and focused investments in innovation to better deliver
superior solutions and choices for customers.
Within the agricultural sector- one early comment by the companies
indicated that they would spin off one of their seed brands- likely
keeping Pioneer and putting Mycogen Seeds on the market.
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Association and National Corn Growers to Study Dow, DuPont Merger Impact
announced on Friday morning an all-stock merger that will create a
new $130 billion DowDuPont
Soybean Association (ASA) and National Corn Growers
Association (NCGA) both quickly issued news releases
saying they are committed to examining the overall impacts of this
merger on the agricultural industry and farmers.
"As always, we welcome competition and innovation to the
industry, while keeping the best interests of soybean growers at the
forefront," said ASA
President Richard Wilkins, Greenwood, Del. "ASA
looks forward to the opportunity to provide comments to the companies
and U.S. regulatory authorities that must approve any merger, and
will continue to study how this merger will affect soybean
"The National Corn Growers Association is
committed to protecting the best interests of our members and our
nation's corn farmers," NCGA
President Chip Bowling of
Maryland. "With respect to the proposed merger, we
anticipate that we will have an opportunity to submit comments
regarding the effect this merger may have on agricultural research,
innovation, grain marketing, and the competitive pricing of farm
inputs. We will do all we can to protect farmer interests and
preserve an open and competitive marketplace."
COP21 Announces Deal at
Climate Change Gathering in Paris- Nothing Agreed to that Obama Has
to Bring Back to Congress
In a story
in the online Washington Examiner, Secretary of State John Kerry
admits the Obama
Administration shaped the Climate Change agreement in
Paris to avoid humiliation on the global stage- saying the deal
"did not contain any enforcement provisions because Congress
would not have approved them.
"It doesn't have mandatory targets for reduction and it doesn't
have an enforcement, compliance mechanism," Kerry said during an
interview on "Fox News Sunday."
"Kerry said such mechanisms were not included because Congress
would have refused to greenlight the deal.
"Binding legal requirements would have made the Paris agreement
a treaty, requiring approval from two-thirds of the Senate. Because
no climate change measure could come close to that high bar in the
chamber, the Paris deal was written to avoid it."
Does this agreement matter for US agriculture? Based on the statement
released over the weekend by Ag Secretary Tom Vilsack-
it's really hard to see any new things that are not already in the
Vilsack says "The benchmarks outlined in the deal build on the
ambitious climate smart strategy being implemented by U.S. farmers,
ranchers and foresters in partnership with USDA and the Obama
Administration. Our efforts to boost productivity reduce greenhouse
gas emissions, and share best practices with counterparts around the
world will help to address climate change and improve global
resilience while continuing to meet global demand for food, fiber and
USDA does point to several of the things the agency has going to
promote their climate change response- including a link to their
regional climate change research hubs- The Southern Plains Climate
Hub is physically located at the Grazinglands Research Laboratory at
Ft Reno- just west of El Reno on the north side of
News on 6 Meteorologist
Travis Meyer Says El Niño Bringing Winter Storms Next 60 Days
El Nino can be blamed for the wettest year on record in
Oklahoma. The state just came off the second wettest November on
record and earlier this year recorded the wettest May on record. Travis Meyer,
Chief Meteorologist at KOTV News on 6 in Tulsa, said it's been
interesting to see the moisture concentrated in May and November.
"That is a cyclical nature of El Nino, just a few shifts, but
it's generally a very warm pattern, a very wet pattern and that's
pretty much what we have been dealing with," Meyer said.
In looking at the next 60 days, Meyer said it's going to be nerve
racking. Oklahoma could get some of those arctic invasions and if
they hit during a major storm system, he said that combination could
bring winter storms. While that's a normal event, he said this year
the storms are bigger and there is a lot more moisture available.
That has Meyer concerned for ranchers dealing with the strongest El
"We've never been at this level of an El Nino, never this
powerful of a storm system, so this is new territory for
everybody," Meyer said.
In looking at the weather outlook, Meyer said the greatest amount of
weather stress will occur over the next 60 days. I caught up
with Meyer at the Tulsa Farm Show. Click
or tap here to listen to my interview.
We are also
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
Senate Leader Mitch
McConnell Expects NO Vote on TPP Until After 2016 November General
a blow to the Trans-Pacific Partnership, Senate Majority Leader Mitch
McConnell is now saying that the trade deal should
not be sent to Congress for approval until after the 2016 elections -
and maybe not until after President Barack Obama leaves office. The
Washington Post Reports McConnell signaled that he was undecided on
how he would vote on the deal, but he was clear that the trade pact
would be defeated if it were sent to Capitol Hill next spring or
summer, as the administration was planning to do.
Senator McConnell told the Washington Post "there's significant
pushback all over the place." McConnell says he doesn't like the
tobacco dispute settlement provisions and that Senator Orin Hatch
doesn't like pharmaceutical patent protection reductions. Other
pushback comes from environmentalist, labor leaders and the United
States Chamber of Commerce.
Even many that are normally aligned with President Obama oppose TPP.-
Democrats reliant on labor and environmental support also oppose the
a trade advisor on the staff of the American Farm Bureau- says that
even after next November's elections- it may be tough to find the
time to get a vote on TPP- as it is likely that a lot of stuff may be
pushed until after the elections this next year.
Delay of a TPP vote is especially disappointing to the US Beef
Industry- as it will mean that Australia will have an extended amount
of time with a tariff advantage in the huge Japanese market over US
to Have the Latest Energy News Delivered to Your Inbox Daily?
Award winning broadcast journalist Jerry Bohnen has spent years
learning and understanding how to cover the energy business here in
the southern plains- Click here to
subscribe to his daily update of top Energy News.
OSU's Derrell Peel
Honored for 'Excellence in Extension' Programming and Service
Oklahoma State University's Derrell Peel
has been honored as a 2015 Regional Excellence in Extension recipient
by Cooperative Extension and the U.S. Department of Agriculture's
National Institute of Food and Agriculture.
Peel, who serves as the Charles Breedlove Endowed Professor of
Agribusiness and Cooperative Extension livestock marketing specialist
for OSU's Division of Agricultural Sciences and Natural Resources,
was officially recognized as the U.S. Southern Region recipient at
the recent Association of Public and Land-grant Universities annual
meeting in Indianapolis, Indiana.
Excellence in Extension awards are presented annually to one
Cooperative Extension professional from each region in recognition of
his or her visionary leadership, outstanding programming and positive
impact on the communities they serve.
Recipients demonstrate the impact Extension has on
Americans all across the country. Click
or tap here to read more about Derrell Peel.
This N That- Pawnee FFA
Wins Again, Steaks for Troops Fundraiser and OCA Hands Over Big
It turned out that 2015 was a repeat for the first and second place
teams at the 2015 Tulsa Farm Show Livestock Handling Skills Contest
held this past Friday. The high placing team for 2015 was the Pawnee FFA Chapter
squad- same as in 2014. And the second place team in both 2015 and
2014 represented the Perkins-Tryon
All contestants won scholarships, belt buckles and certificates for
being a part of the competition. Teams had to qualify by taking a
written test on animal well being and handling back in July of this
year that was given at the Big 3 Judging Contests held by Oklahoma
State University in Stillwater.
We've got names of the young men and ladies that were a part of the
top three teams- and pictures, too. And- comments from Terry Detrick
of the AFR on why they support contests like this one for 4-H and FFA
members across Oklahoma.
here for our story- which is at the top of this morning's
Blue-Green Gazette on our Web Page.
Also- we have photo albums now up and posted from the 2015 Tulsa Farm
here for the complete album of pics and click
here for the album dedicated to the Livestock Handling Skills
Livestock Credit Corporation and affiliated companies
are supporting, once again, the All American Beef Battalion. This morning,
the Oklahoma National Stockyards will auction a calf for the
benefit of the All American Beef Battalion. The sale will take place
at approximately 11:00 a.m. in the sale arena of the Stockyards.
This is the 6th year for the National Livestock companies to be
involved in supporting the All American Beef Battalion. With the
2014 auction bringing in more than $60,000, contributors to this
event have raised over $220,000 from the annual auction of a
here to learn more about this morning's fundraiser- and how you
can be a part of providing a steak dinner to one of the men or women
who help protect our freedom.
Cattlemen's Association is donating $22,000.00 to the
Children's Hospital Foundation. The official check presentation
will take place on this afternoon at 1 p.m. at the OCA Headquarters
located in Historic Stockyards City, Okla.
"In 1985, the OCA created the Range Round-Up, a ranch rodeo, to
provide family entertainment, promote beef and raise money for
charity. 2015 marks the 19th year in a row that the selected charity
has been the Children's Hospital Foundation," said Tim Drummond,
Chairman of the OCA Range Round-Up Committee.
"In that time, OCA has donated more than $426,000.00 and formed
a strong connection to the charity and its work. This year's
donation is the largest single donation we have ever given."
We plan on
spending a good bit of the day at the Stockyards- first at the Steaks
for Troops fundraiser and then at the OCA headquarters
for this special presentation- say howdy if you see me before I see
thanks to Midwest Farms Shows , P & K Equipment, American Farmers
& Ranchers, KIS Futures, CROPLAN
by Winfield, Stillwater Milling Company, Farm Assure, Pioneer Cellular, National Livestock
Credit Corporation and the Oklahoma Cattlemen's
Association for their support of our daily Farm News Update.
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