|We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Network weekdays- if you missed this morning's Farm News - or you are in an area where you can't hear it- click here for this morning's Farm news from Ron Hays on RON.
Let's Check the Markets!
Today's First Look:
mornings with cash and futures reviewed- includes where the Cash Cattle market stands, the latest Feeder Cattle Markets Etc.
Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures
- click or tap here
for the report posted yesterday afternoon around 3:30 PM.
Okla Cash Grain:
Feeder Cattle Recap:
Slaughter Cattle Recap:
TCFA Feedlot Recap:
Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
Carson Horn, Associate Farm Director and Editor
Pam Arterburn, Calendar and Template Manager
Dave Lanning, Markets and Production
Macey Mueller, E-mail and Web Writer
|Oklahoma's Latest Farm and Ranch News
Your Update from Ron Hays of RON
Thursday, November 3, 2016
Time Running Out to Apply for Pasture, Rangeland and Forage Federal Crop Insurance Program - Deadline is Nov. 15
Time is running out for producers interested in insuring any pasture, rangeland or forage they have for the coming year.
I recently spoke with Scott Bulling of Superior Crop Insurance about some of the PRF crop insurance basics that producers should know as they consider signing up for 2017."November 15 is the last day to sign up for PRF that's through the Federal Crop Insurance Program," Bulling said. "It is designed to protect land owners, grass, alfalfa, permanent vegetation owners against dry weather."Bulling explains that when you sign up for the insurance program, landowners can choose two separate two-month intervals or windows in which the landowner wishes to insure his land. Each interval stands alone he points out."So if you don't get rain at the right time when you are trying to grow your forage," Bulling said, "then this will allow you to be able to collect a rent check or go buy hay."If interested - you must sign up with a licensed federal crop insurance agent by November 15, 2016. To contact Scott Bulling with Superior Crop Insurance, visit www.oklahomacrop.com.Listen to Bulling talk more about the upcoming application deadline for PRF crop insurance during the latest Beef Buzz.
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.
|Oklahoma Cattlemen Weigh in on IRS Proposal on Valuation of Assets Being Passed Down
The Oklahoma Cattlemen's Association submitted comments on yesterday to the Internal Revenue Service regarding the valuation of interest in family-owned businesses for estate, gift and generation-skipping transfer for tax purposes.
The OCA is a volunteer based organization with membership from family cattle farmers and ranchers, many of whom are multi-generational. Because of this, OCA stands in strong opposition to the proposed rule and requests this rule be withdrawn. This proposed rule will have devastating impacts on Oklahoma family farms and ranches. Further, we believe this issuance far exceeds the statutory authority of the Department of Treasury thus it should be withdrawn.
Click or tap here to read the comments submitted by OCA to the IRS on this Obama Administration proposal.
|Producers' Future Outlook Dims as Attention Shifts Toward 2017
The Purdue/CME Group Ag Economy Barometer turned lower in October, dropping to an index reading of 92, the lowest reading since last March. That's also the lowest index since data collection began back in October of 2015. Producers' expectations of the long-term health of the ag economy dove in October, with the Index of Future Expectations dropping to 95 in October, down from 109 in September and the July peak of 121. A key consideration regarding future prospects for the U.S agricultural economy is the direction crop prices will move during the upcoming year. To better measure producers' crop-price outlook, they were queried regarding their expectations for movement in July 2017 Chicago Board of Trade (CBOT) futures prices for corn and soybeans between October 2016 and summer 2017 (Figure 4). More specifically, producers were asked if they thought: 1) July corn futures prices would exceed $4.00 per bushel, 2) July corn futures prices would fall below $3.00 per bushel, 3) July soybean futures prices would exceed $10.00 per bushel, and 4) July soybean futures prices would fall below $8.00 per bushel.One-third of producers surveyed said they expect July 2017 CBOT corn futures prices to exceed $4.00 per bushel between October 2016 and next summer and a similar share of respondents (30 percent) expect July 2017 soybean futures prices to exceed $10.00 per bushel. Crop budgets for both of these crops suggest that futures prices at these levels for the 2016 crop would allow many Midwestern cropping operations to approach breakeven, especially given that many farms are harvesting above-average yields this fall. Farmers with this price outlook are likely those with an optimistic perspective regarding future financial conditions in the agricultural sector.In contrast to the optimism expressed by some survey respondents, a slightly smaller share of producers think a much more negative corn and soybean price scenario is likely. Twenty-seven percent of survey respondents expect corn prices to fall below $3.00 per bushel and 25 percent of respondents expect soybean prices to fall below $8.00 per bushel. Corn and soybean prices at these levels are below breakeven for the vast majority of U.S. farm operations and farmers with this price outlook are likely those with the most dire outlook regarding future financial conditions in agriculture.Producers also plan to make management changes next year because of the economy. 46 percent of respondents plan to lower fertilizer rates and 35 percent plan to adjust trait packages in their seed varieties. Click here for a link to the complete report released November 1 by Purdue and the CME Group.
|Beef Federation Earmarks $940,000 for New International, National Beef
Facing low cattle prices and increasing supplies of beef, and with strong encouragement from its state beef council partners, the Federation of State Beef Councils at the National Cattlemen's Beef Association will invest nearly $1 million of reserve funds in international and national beef promotions to increase demand for beef.
According to Steve Hanson, a beef producer from Elsie, Neb., and chairman of the Federation of State Beef Councils, the Federation Executive Committee moved quickly to approve the additional investment. He said the Federation intends to add a spark to beef demand at a time when producers are feeling a squeeze in their own bottom lines.
"Our state beef council partners communicated to national leadership the importance of using every opportunity to use checkoff resources to build demand in the face of cattle market challenges," Hanson said. "In both the international and national beef markets, our producer leaders identified these new investments as a chance to quickly and directly make a difference in beef demand."
The Federation Executive Committee voted for this additional spending at an NCBA Executive Committee meeting Nov. 1. Click here to see how the $940,000 investment will be spent.
We are happy to have the Oklahoma Cattlemen's Association as a part of our great lineup of email sponsors. They do a tremendous job of representing cattle producers at the state capitol as well as in our nation's capitol. They seek to educate OCA members on the latest production techniques for maximum profitability and to communicate with the public on issues of importance to the beef industry. Click here for their website to learn more about the OCA.
|GMOs a Safe and Reliable Tool for Keeping the World's Growing Population Fed
The Biodesign Institute at Arizona State University recently hosted Biotech University, a conference designed to give participants an inside look and a working knowledge of the cutting-edge research being done at the institute. In attendance was Radio Oklahoma Network's Associate Farm Director Carson Horn. During the conference Horn had the chance to visit with Dr. Kenneth Roland, associate professor of research, about his perspective on the benefits and applications of genetically modified organisms, or GMOs.
"GMOs were developed to help farmers and to help feed the world - to develop plants that were either resistant to plant pathogens such as bacteria or viruses or to grow in environments that aren't really plant friendly," Roland explained.
Dr. Roland cites the St. Louis based seed company Monsanto as the leader is GMO crop development. He insists that despite the well-intended purpose behind the development of these plants, Monsanto has faced backlash from the public due to controversial allegations of the potential health risks that GMO consumption poses.
"Monsanto led the way with their Round-Up Ready products which really I think helped farmers a lot," Roland said. "But they weren't prepared for the public backlash. They didn't realize that their market was going to have to be the public."
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|Pork Industry Committed to One Health Approach, Continue Progress on Responsible Antibiotic Use
The National Pork Board, led by a 15-member executive board of U.S. pig farmers, is pleased to celebrate global One Health Day today, Nov. 3, by reaffirming its commitment to its core value of doing what's right for the overall health of people, pigs and the planet.
"We have a proud history of raising pigs in ways that go beyond simple animal health and that are mutually beneficial to human and environmental health," said National Pork Board President Jan Archer, a pig farmer from North Carolina. "We see One Health Day as a good time to reflect on our accomplishments, such as using antibiotics responsibly and embracing the updated Pork Quality AssuranceSM Plus certification program."
With the U.S. Food and Drug Administration's (FDA) upcoming ban on using medically important antibiotics for growth promotion in food animals on Jan. 1, 2017, together with the mandate for increased veterinarian oversite of antibiotic use, Archer said consumers can be assured that America's pig farmers are committed to antibiotic stewardship, animal well-being and food safety.
"We are always looking for ways to do what's right for our animals, our consumers and our environment," Archer said. "We want people to know that we'll continue to do our part as we seek new ways to reduce the overall need for antibiotics. At the same time, we need to retain antibiotics as essential tools for veterinarians and farmers to help continue to raise healthy livestock and produce safe food."
Click here to read more about the U.S. pork industry's commitment to responsible antibiotic use.
|Dairy Checkoff Launches Partnership with Yum! Brands to Help Drive U.S. Dairy Sales Globally
Building on its successful partnership to help grow sales and trust for dairy in the United States, the national dairy checkoff today announced a partnership with Yum! Brands to grow U.S. dairy sales internationally, specifically in Asia Pacific, as well as Latin America and the Caribbean.Yum! Brands, the parent company of KFC, Pizza Hut and Taco Bell with nearly 43,000 restaurants in 135 countries and territories, is the global leader in the chicken, pizza and Mexican-style restaurant food categories. The checkoff's international partnership focuses on pilot programs with Kentucky Fried Chicken and Pizza Hut.A pilot program with KFC aims to grow U.S. dairy sales in Latin America and the Caribbean by exploring innovation opportunities like cheese sauces and pairings to complement KFC's signature international products, such as chicken sandwiches."Working to get more cheese on chicken sandwiches is a great opportunity to grow sales," said Paul Rovey, Arizona dairy farmer and chair of Dairy Management Inc. (DMI), which manages the national dairy checkoff. "Beyond cheese, this partnership also can help create products that grow milk and milk-based drink sales, along with ice cream and other dessert-based items."Click here
to read more about the national dairy checkoff's efforts to increase its global presence.
|Opportunity Versus Right- Right to Farm Author Says There is a Difference
In yesterday's email- we featured an interview that our Associate Farm Director Carson Horn had with Bud Scott of the Food, Farm and Family coalition as they discussed this group's opposition to State Question 777.
The interview covered some background about the group- including their principle source of funding- Oklahoma Rising- but really came back around to a central theme heard more than once during this campaign from Scott. He said that voters need to understand that if 777 is rejected- that nothing changes- that farmers will still be able to produce food for the US consumers and for many around the world.
In response to those comments- we got a note from State Representative Scott Biggs about that concept- that a no vote really does not change anything- but a yes vote could result in a legal mess. Biggs was lead author in the House for the resolution that put Right to Farm on the ballot.
Biggs contends "We currently don't have the right to farm- we currently have the opportunity to farm. The difference between an opportunity and a right is everything. Out of control legislators that are easily influenced by out of state animal rights extremists can pass legislation that can limit your opportunity to farm."
He added that "a right provides much more protection and is what we need to stand up to extremists."
Meanwhile- those of you who get the daily email list of stories that Meatingplace puts out twice daily may have noticed they have picked up this morning the Sooner Poll story of a few days back showing support fading for State Question 777. The Meatingplace headline says "Right to Farm Amendment in Oklahoma Stumbles in Oklahoma" and if you have an account with the web publisher- you can see they are citing this story from Sooner Poll showing 37% showing support for the state question- down from 49% supporting SQ777 in early October.
A reminder- we have resources for you to utilize as you consider State Question 777- click here to check them out.
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