Oklahoma's Latest Farm
And Ranch News

Your Update from Ron Hays of RON
Wednesday, August 19, 2020
Price Protection Can Help Cattle Producers in Volatile Markets
Dan Childs Senior Agricultural Economics Consultant writes in the Noble News and Views August Edition about Price Protection and how it can help cattle producers in Volatile markets. Childs writes:

Many risks are ever present for agricultural producers. To attempt a listing of all the risks would likely be somewhat surprising and quite lengthy. The risks that come to mind quickly are weather risk and price risk. The United States Department of Agriculture’s Risk Management Agency (RMA) has created ways to help many producers — both grain and livestock — manage both of these risks.

BEFORE THE CORONAVIRUS
Managing weather risk has been an ongoing concern of producers. However, the interest in managing price risk has been more sporadic. Producers, being generally optimistic, are reluctant to lock in a certain price that eliminates the opportunity of a higher price if by chance the market offers it later in the production cycle. The pandemic has reminded producers of and heightened the interest in price risk management.

If you are a cattle producer, think back to the outlook for cattle prices in late January 2020. On Jan. 1, the U.S. cattle inventory report estimated beef cow numbers to be down from the previous year by 1.2%, the first decline since 2014.
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Midwest Farm Shows is proud to produce the two best Farm Shows in the State of Oklahoma annually- the Tulsa Farm Show each December and the Oklahoma City Farm Show each April. (rescheduled for June in 2020)
 
They would like to thank all of you who participated in their 2020 Oklahoma City Farm Show. 
 
Up next will be the Tulsa Farm Show in December 2020- the dates are December 10th, 11th, and 12th.  
 
Now is the ideal time to contact the Midwest Farm Show Office at 507-437-7969 and book space at the 2020 Tulsa Farm Show.  To learn more about the Tulsa Farm Show, click here

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As the 2020-21 School Year begins- over 200 Oklahoma School Districts rely on the resources they can access from the Oklahoma Public Schools Resource Center. I talk with their Executive Director Brent Bushey about how the world of education was turned upside down in March of this year when COVID-19 kept student from returning to the Classroom after Spring Break. Brent talks about how schools worked to adapt this past spring and how that brings us to the fall semester- Brent says his group helps with Professional Development with teachers and other key staff- and has helped in the move into technological solutions to make education work in a COVID world. Today's Podcast is powered by the Petroleum Alliance of Oklahoma.

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Tim West
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Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network

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