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for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
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|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, September 15, 2016
Monsanto Agrees to be Bought by Germany's Bayer for 66 Billion Dollars
Bayer and Monsanto announced yesterday morning that they signed a definitive merger agreement under which Bayer will acquire Monsanto for $128 per share in an all-cash transaction. Monsanto's Board of Directors, Bayer's Board of Management and Bayer's Supervisory Board have unanimously approved the agreement.
to read more about Bayer's $66 billion buyout of St. Louis based seed giant, Monsanto.
Several Ag Groups have weighed in:
"The National Corn Growers Association is committed to protecting the best interests of our nation's corn farmers. Our primary concern with respect to any merger is how it may affect input costs - particularly given the current farm economy," said Chip Bowling, president of the National Corn Growers Association.
to read Mr. Bowling's complete statement.
"Market forces led to deals like the one announced today, but we know that major-company mergers have a profound impact on the tools available to farmers and ranchers, sometimes to their detriment," American Farm Bureau Federation wrote in a statement released yesterday, as they called for a careful review by Uncle Sam of this deal.
to read the full statement released by the American Farm Bureau Federation that was attributed to Bob Young
, the organization's Chief Economist.
"Consolidation of this magnitude cannot be the standard for agriculture, nor should we allow it to determine the landscape for our future," said Roger Johnson, president of the National Farmers Union. "We underscore the importance that all mergers, including this recent Bayer/Monsanto deal, be put under the magnifying glass of the committee and the U.S. Department of Justice."
Click or tap here to read Mr. Johnson's full statement regarding the merger.
Oklahoma AgCredit serves rural Oklahoma communities and agriculture with loans and financial services. Providing loans for rural property, farm and ranch land, country homes, livestock, equipment and operating costs is all we do.
We are the state's largest agricultural lending cooperative, serving 60 Oklahoma Counties. To learn more about Oklahoma AgCredit, click here for our website or call 866-245-3633.
|House Ag Committee Searches for Common Ground in Examination of Feasible Ag Trade with Cuba
The House Agriculture Committee held a hearing Wednesday to examine the potential for expanded agricultural trade between the United States and Cuba. Much of the conversation centered on the Cuba Agricultural Exports Act (H.R. 3687) and the potential for removing financing restrictions that have limited agricultural exports to Cuba.
The Chair of the House Ag Committee, Mike Conaway of Texas says "The history between the U.S. and Cuba is long and complicated, with the Castro regime's stranglehold on the island nation long preventing normalized relations between our two countries. At the same time, many believe that lifting the financing restrictions on agricultural trade could improve the daily lives of Cubans while also helping American agricultural producers who are experiencing one of the greatest downturns in the agricultural economy since the Great Depression.
"If we are to be successful in lifting these restrictions, we must find common ground. Today's hearing was a good step in that direction. It was also a reminder that, in my view, repeated efforts to lift both the embargo and restrictions on travel are a distraction that is preventing us from making meaningful changes."
Click here to read Chairman Conaway's opening statement in full and for the written testimonies of the experts who provided witness to the hearing.
|Ag Associations React to Cuban Trade Discussions
The American Farm Bureau Federation said in its official comments to the House Committee on Agriculture in response to the committee's Cuban trade hearing Wednesday that, American agriculture is poised for substantial growth in the Cuban market but financing restrictions are placing U.S. farmers and ranchers at a serious disadvantage in this nearby market.
U.S. agriculture is at a global disadvantage as we watch foreign competitors continue to take away our market share," AFBF said. "There is no better time than now to provide American farmers and agribusinesses the tools they need to expand agricultural exports to Cuba and help our industry survive this difficult economic environment."
to read more comments made by AFBF in response to the House Ag Committee's talks on possible trade with Cuba.
The National Association of Wheat Growers (NAWG) also submitted testimony to the House Committee on Agriculture leadership signing on to testimony submitted by the U.S. Agriculture Coalition for Cuba, a coalition consisting of a range of agricultural commodity and farm member organizations. NAWG stated that its members support the elimination of trade barriers with Cuba.
"These restrictions put U.S. wheat farmers at a global disadvantage as other foreign competitors usurp market shares, offering more favorable credit terms," said NAWG President Gordon Stoner. "It is important that NAWG continues to work with Congress to fight for American wheat growers' right to fair market access."
Click here to read more comments released by NAWG regarding the Cuban trade hearing.
|Understanding Transparency a Big Step in Getting Your Arms Around Sustainable Beef Production
Sustainability is a three-legged stool held up by economics, environmental stewardship and societal participation, according to Dr. Sara Place of the Animal Science Department at Oklahoma State University. She tells me she believes farmers and ranchers are already doing a lot of the right things when it comes to the economic and environmental aspects that factor into the sustainability equation. But if there is room for improvement to be made in any area, she says it's definitely in that social component and understanding how to be more transparent with the public.
"I think producers are really good at the technical day-to-day in terms of improving their production practices," Place said, "and I think again researchers at Oklahoma State and other universities, we're continuously working to try and make sure that producers have those tools to get better."
She says teaching producers to be more transparent is one of those tools extension should be focused on. Dr. Place asserts that it is better to be proactive in educating the public about production practices on the farm or ranch and educating people about how their food is produced. She insists consumers really just want to know what's going on with their food and if their questions are openly and directly answered, Dr. Place believes their concerns will be laid to rest.
To read more or to listen to my full conversation with Dr. Place on her thoughts about transparency's role in sustainable beef production, click here.
Oklahoma Genetics is proud to represent the tremendous wheat varieties that have been developed by the Wheat Improvement Team at Oklahoma State University. Varieties like Iba, Gallagher and now Bentley are the result of years of breeding research designed to help wheat producers in the southern plains to grow high yielding, high quality winter wheat.
To learn more about each of the varieties OGI represents, click here for their website. You will find a "Seed Source" with a list of where seed for each variety can be purchased for the 2017 wheat planting season.
|Travel to DC to Lobby Congress is Worth the Time and Effort- Terry Detrick of AFR
with the American Farmers and Ranchers says that he has been traveling to our nation's Capitol since the mid 1980s- advocating for farmers and ranchers as a part of both the National Association of Wheat Growers and later the Oklahoma Farmers Union/AFR. Has it been worth the time and investment? Detrick says that "Yes it does do good and yes, they do need to hear from us" despite the fact that you may not see immediate results for your efforts.
Detrick and other AFR leaders participated in the National Farmers Union fall Legislative Fly In- being briefed by several USDA officials and others from the Obama Administration- as well as having the chance to spend time with most of the Oklahoma Congressional delegation.
Detrick says that he is surprised that AFR seemed to be first group from Oklahoma that is spreading the news of economic problems going on in Oklahoma Farm Country- and that there may well be a need to provide help to many farmers to help them survive low commodity prices in the months ahead.Click here
to read more- and for a chance to hear Sam Knipp
talk with Detrick about the interaction with USDA and Oklahoma lawmakers over these last few days.
Want 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 to subscribe to his daily update of top Energy News.
|Producers Urged to Be on the Look Out for Armyworms Invading This Fall
Oklahoma State University's Division of Agricultural Sciences and Natural Resources is recommending state wheat and canola growers scout their crop regularly for the presence of fall armyworms, including those planting wheat early who plan to use it as forage.
"Fall armyworms have been very active this summer and now into fall, showing up in large numbers this growing season," said Tom Royer, OSU Cooperative Extension entomologist and integrated pest management coordinator. "Wheat and canola producers need to check their fields early and often after seeding emergence."
A mature fall armyworm is a large striped caterpillar about 1.5 inches in length, with an inverted "Y" on the front of its head. OSU recommends producers scout for fall armyworms in five or more locations per field. The pests are most active in the morning or late afternoon.
"Look for window-paned leaves, making sure to examine the plants along the field or pasture margin as well as those in the interior parts since armyworms often move in from road ditches and nearby weedy areas," said Josh Bushong, OSU Cooperative Extension area agronomist for the state's Northwest District.
"If an insecticide application is needed, do so but don't forget to review potential causes for the infestation levels," Royer said.
Many pest problems can be avoided by developing an integrated pest management plan that includes the use of good pasture management practices, proper fertilization, mowing and optimal stocking rates.
to read more and for guidelines in preventing and treating armyworm infestations in you wheat, canola and hayfields.
|Texas Tech Looking at Establishing a Vet School That Will Emphasize Large Animal Vet Practices
When first announcing plans to develop a College of Veterinary Medicine, the Texas Tech University System
vowed to work with partners and colleagues outside of the institution. Building an innovative and transformative model for veterinary medicine from the ground up involves a collaborative approach, and a project this size cannot happen without the support of veterinarians and community and industry leaders.
Honoring this promise, the Texas Tech University System has created a steering committee for its proposed College of Veterinary Medicine, which will be housed at the Texas Tech University Health Sciences Center campus in Amarillo.
The steering committee, which met in Lubbock for the first time in early this month with Texas Tech leadership as they hope to guide the direction of Texas Tech's veterinary school. Through their collaboration, members of the steering committee will provide critical insight, shape the veterinary school's development and help address the shortage of veterinarians in rural areas and small communities.
The Texas Tech model is unusual in that it appears to be looking at emphasizing large animal vet practice- instead of the rush to add a few more dog and cat doctors to practice in urban areas. This model recognizes the need for an innovative, non-traditional veterinary school in Texas that could address the critical shortage of large animal and rural veterinarians and the implications this shortage will have on the food supply.
to read the full story and to get more information on Texas Tech's new Veterinarian Medicine Steering Committee.
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