Oklahoma's Latest Farm
And Ranch News
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Your Update from Ron Hays of RON
Wednesday, December 2, 2020
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Here is your daily Oklahoma farm and ranch news update.
- Farmer Sentiment pulls back Post-election: Regulation, Trade, and Taxes Rated as Top Concerns
- 2020 May End Being a Normal Year For Beef Production Says OSU's Dr. Derrell Peel
- AFBF's Dale Moore Talks About Qualifications for USDA Secretary, New Administration And 2021 Convention
- Roll of Victory Show Winners Recognized at Angus Meeting With Express Ranch Taking Breeder of the Year Honors
- Tim Andriesen, CME Group, Says This Year a Great Example of Why Risk Management Tools Are Important
- OKFB Encourages Rural Oklahomans to Participate in Legislative Redistricting Town Halls
- Growth Energy Submits Notice of Intent to Sue EPA Over Failure to Issue 2021 Biofuel Blending Targets
- Names to Know- Those Being Considered for Ag Leadership in Congress and the Biden Administration
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Farmer Sentiment pulls back Post-election: Regulation, Trade, and Taxes Rated as Top Concerns
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The Purdue University/CME Group Ag Economy Barometer dropped 16 points to a reading of 167 in November, down from its all-time high set just one month ago. The decrease in sentiment was led by farmers' more pessimistic view towards the future of the agricultural economy with the Index of Future Expectations falling 30 points to a reading of 156 in November. The on-going rally in commodity prices and CFAP-2 payments continued to support producers' view of current economic conditions as the Index of Current Conditions rose 9 points in November to 187, an all-time high for the index.
The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers' responses to a telephone survey. This month's survey was conducted after the election from November 9-13, 2020.
"Producers were more pessimistic about future economic conditions on their farms in November than they were just a month earlier," said James Mintert, the barometer's principal investigator and director of Purdue University's Center for Commercial Agriculture. "This is the opposite of what happened following the November 2016 election. That year producers became much more optimistic about the future following the election and, in turn, that optimism about the future helped drive the Ag Economy Barometer up sharply in late 2016 and early 2017."
To learn more about what factors might be motivating the shift in producers' sentiment pre- and post-November election, a series of questions focused on producers' future expectations for environmental regulations, taxes and other key aspects of the agricultural economy, were included on both the October and November surveys. Comparing results from October to November, far more producers in November said they expect to see: 1) environmental regulations impacting agriculture to tighten over the next five years; 2) higher income tax rates for farms and ranches; 3) higher estate tax rates for farms and ranches; 4) less government support for the U.S. ethanol industry and 5) a weaker farm income safety net provided by U.S. government program policies. For a complete breakdown of the results, view the full November Ag Economy Barometer report
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The experts at P&K Equipment make it their mission to provide top-notch solutions and unbeatable customer service. Visit their website, call one of the stores, or stop in and see them today- discover the P&K experience for yourself.
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2020 May End Being a Normal Year For Beef Production Says OSU's Dr. Derrell Peel
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Despite all the craziness of 2020 we’re not far from market expectations at the beginning of the year said Dr. Derrell Peel, OSU Extension livestock market economist.
On the supply side it has been an interesting year and here in the last half of the year we’ve seen beef production following close to year ago levels, actually averaging 1.5 to 2 percent above year ago, he said
Steer slaughter has been running above year ago levels but heifer slaughter below, Peel said.
We’ve got more beef production now than at this time a year ago, Peel said.
He said the bottom line is we’re going to come out close to what we expected in January.
Coming into the year we knew about how many cattle were out there, but we didn’t depopulate like the hog industry was forced to do, so we basically just changed the timing, Peel said.
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AFBF's Dale Moore Talks About Qualifications for USDA Secretary, New Administration And 2021 Convention
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The USDA’s top post should be held by someone who understands agriculture and the many challenges farmers have to deal with on a daily basis said Dale Moore, executive vice president of the American Farm Bureau.
I spoke with Moore recently, and The interview covered a wide range of topics from current issues to a new administration to the 2021 AFBF convention.
Moore made it clear they still must get several issues resolved during the current congressional session.
The budget deadline of Dec. 11 is looming, Moore said.
Moore noted they are working on getting additional government stimulus funds for agriculture.
There is always hope, Moore said.
I think there is a clear understanding that agriculture must have additional resources made available, Moore said.
Funding is one of the issues Moore said they have already reached out to President-elect Biden for discussion.
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For our farmers who have either- always have had cotton on their farms- or those who have more recently have added the fiber crop to their operations- we have a new daily report starting to be heard on several of our Radio Stations- It's Called Cotton Talk- and we appreciate the Oklahoma Cotton Council for their support in making this a reality.
Click on the Button below to listen to our most recent report
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Roll of Victory Show Winners Recognized at Angus Meeting With Express Ranch Taking Breeder of the Year Honors
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Champions were crowned in Kansas City. The Roll of Victory (ROV) Breeder of the Year, the ROV Show Heifer of the Year and Show Bull of the Year were named at the 137th Annual Angus Meeting on Nov. 8 in Kansas City, Missouri. Angus cattle have a tradition of excellence in the show ring, and this history continues in show rings around the country each year. The American Angus Association® offers the ROV Show Program to recognize show-winning animals, their sires, dams, breeders and owners during the 2019-2020 show season.
“To be recognized as an ROV winner is a true testament to an Angus breeder’s success and commitment to the breed,” said Mark McCully, American Angus Association CEO. “There is an incredible amount of time, passion and dedication that is put toward earning an award like this. There is no question that these cattle stand out among the rest and are incredibly deserving of this honor.”
The ROV season runs from June 1 through May 31 and consists of 19 shows. Points for these shows are accumulated on an annual basis.
ROV Breeder of the Year--Express Angus Ranches, Yukon, Okla., was recognized as Roll of Victory (ROV) Breeder of the Year during the American Angus Association's Awards Recognition Dinner Nov. 8 held at the 2020 137th Annual Meeting in Kansas City, Mo. Pictured, from left, are: 2020 Miss American Angus Eva Hinrichsen, presenting; Jarold Callahan, Bob Funk, Donnie Robertson, and Mark Squires, all of Express Angus Ranches; and Mark McCully, American Angus Association CEO, presenting. Photo by Karen Hiltbrand, American Angus Association.
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We invite you to listen to us on great radio stations across the region on the Radio Oklahoma Ag Network weekdays-
if you missed this morning's Farm News - or you are in an area where you can't hear it- click below for this morning's Farm news from Ron Hays and KC Sheperd on RON.
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Sponsor Spotlight
The Oklahoma Agriculture Mediation Program knows this is a hard time for farmers and ranchers. We want you to know we are still open, and we are still here for you. The Ag Mediation program is a free service that provides mediation to agriculture producers who may need help with ag-related disputes.
At Oklahoma Ag Mediation, we have been helping people in agriculture resolve conflicts since 1987. We know firsthand about working together to resolve conflicts, so you don’t have to go through the court systems. Let our professional mediators help you. Mediation is allowed for lease issues, farmer/neighbor disputes, family farm transitions, and more. These services are available at no cost for Oklahoma farmers and ranchers in all 77 counties. For more information, you can go to ok.gov/mediation, or give us a call at 800 248 5465.
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The Oklahoma Cattlemen's Association is the trusted voice of the Oklahoma Cattle Industry. With headquarters in Oklahoma City, the OCA has a regular presence at the State Capitol to protect and defend the interests of cattlemen and cattlewomen.
Their Vision Statement explains the highest priority of the organization- "Leadership that serves, strengthens and advocates for the Oklahoma cattle industry."
To learn more about the OCA and how you can be a part of this forward-looking group of cattle producers, click here for their website. For more information- call 405-235-4391.
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Tim Andriesen, CME Group, Says This Year a Great Example of Why Risk Management Tools Are Important
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This year is ending much differently than it started said Tim Andriesen, managing director, agricultural products for the CME Group
Andriesen was recently interviewed by Radio Oklahoma Agriculture Network Associate Farm Director and Editor KC Sheperd.
Coming into this year we thought this was going to be a dull year, he said, and then COVID-19 hit, and the markets turned on its end.
Add the demand shifts and weather challenges, Andriesen said ff there was ever a year for risk management this is it.
What’s important in a year like this is to understand risk management tools to lock in price without selling the actual product, he said.
These tools give you a lot more flexibility, he said.
The biggest surprise this year was how the markets reflected what they thought was going to happen and allowed people to do something about it, Andriesen said.
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OKFB Encourages Rural Oklahomans to Participate in Legislative Redistricting Town Halls
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Oklahoma Farm Bureau encourages rural Oklahomans to attend one of the Oklahoma Legislature’s redistricting town hall meetings to be held across the state in the coming weeks.
Every 10 years, the state Legislature is constitutionally required to redraw legislative and congressional district boundaries using the latest U.S. Census data.
After working diligently over the past year to promote census participation in rural areas across the state, OKFB now invites rural Oklahomans to share their perspectives as lawmakers begin redrawing of legislative and congressional district lines.
“The redistricting process only happens every 10 years, which means it’s important that rural perspectives be represented,” said Rodd Moesel, OKFB president. “These redistricting town halls hosted by the state Legislature are an excellent opportunity for rural Oklahomans to make their voices and concerns heard as lawmakers begin to redraw legislative and congressional district lines.”
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Growth Energy Submits Notice of Intent to Sue EPA Over Failure to Issue 2021 Biofuel Blending Targets
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Today, Growth Energy submitted a notice of intent to sue letter to the Environmental Protection Agency (EPA) regarding its failure to fulfill its statutory obligation to issue the 2021 Renewable Volume Obligation (RVO) by November 30th, 2020, an annual deadline set by the Renewable Fuel Standard (RFS). The notice gives EPA 60 days to issue the 2021 RVO before risking a lawsuit in federal court.
Every year, EPA is required to set the RVO so that biofuel and fossil fuel companies understand their total renewable fuel blending obligations for the following year. Failure to set the RVO undermines the RFS and could lead to uncertainty in the market and lower than necessary biofuel blending levels.
Growth Energy CEO Emily Skor issued a statement following the submission to EPA: “Biofuel producers faced a difficult year in 2020, with fuel demand plummeting to 30-year lows at a historic rate. At its lowest, over half the country’s biofuel plants were forced to slow down or idle, and many have still been unable to come back online. As we head into a new year and our industry continues to try and recover the from the effects of COVID-19, EPA’s failure to meet their statutory obligation to issue RVOs piles on the uncertainty in the fuel marketplace. The Agency needs to take action on behalf of rural America and follow through with its RFS obligation.”
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Names to Know- Those Being Considered for Ag Leadership in Congress and the Biden Administration
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We now know who the replacement for Colin Peterson will be in 2021 for the Chairmanship of the House Ag Committee. A Democratic steering committee chose Georgia Lawmaker David Scott over California’s Jim Costa in a 32-19 vote Tuesday evening. Once the 117th Congress is seated early next year, the full chamber will vote on leadership candidates.
For the Senate Ag Committee, Arkansas Senator John Boozman seems to be the likely choice to replace retiring Senator Pat Roberts of Kansas, who did not seek reelection here in 2020. Boozman is a veteran on the Ag Committee and will offer a smooth transition from current leadership. Boozman will be the Chairman- assuming that at least one of the Georgia GOP Senate candidates win their January runoff.
On the short list for the Cabinet position of Secretary of Agriculture is Ohio Congresswoman Marcia Fudge- she has no production agriculture in her district and would likely be most interested in the nutrition programs the agency administers- the progressives in Joe Biden's Democratic Party like her. Other reported Agriculture Secretary candidates include former North Dakota Senator Heidi Heitkamp, and Obama-era Agriculture Secretary Tom Vilsack. Robert Bonnie is leading the Agriculture Department transition team for the Biden administration. Bonnie served as undersecretary for Natural Resources and Environment at USDA during the Obama Administration(under Vilsack).
The question several have asked about Tom Vilsack- is he willing to return to public service and leave his current spot as head of the Dairy Export group that he took after leaving the USDA four years ago. Whether he takes the cabinet job or not- it is safe to assume that he would have the ear of the new President no matter what.
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OKC West is our Market Links Sponsor- they sell cattle three days a week- Cows on Mondays, Stockers on Tuesday and Feeders on Wednesday- Call 405-262-8800 to learn more.
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Today's First Look:
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.
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Wholesale Boxed Beef Prices were mixed on Monday- Choice Beef was down 28 cents and Select Beef was up 65 cents.
Click on the Button below for the latest report from USDA Market News
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Oklahoma National Stockyards had 10,159 head this week on Monday.
Compared to last week: Feeder cattle sold steady, steer and heifer calves trad 3.00-6.00 higher. Demand moderate to good. Quality mostly average, few attractive. Slaughter cattle prices moved higher on shorter numbers last week this as beef prices continue to improve.
Click below for the complete closing report.
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OKC West in El Reno had 6,000 head for their Tuesday calf auction on December first.
Compared to the the last sale two weeks ago: Steer and heifer calves sold 4.00-9.00 higher. Demand good to very good as recent rains have wheat pastures in good condition for grazing. Quality average to attractive with several lots of cattle being in very good condition.
Click on the button below for the full USDA market news report for OKC West.
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Each afternoon we are posting a recap of that day's markets as analyzed by Justin Lewis of KIS futures - click below for the latest update on the Livestock and Grain Futures Trade..
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Okla Cash Grain:
Daily Oklahoma Cash Grain Prices- as reported by the Oklahoma Dept. of Agriculture- The report available after the close of the Futures Trade for that day.
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Our Oklahoma Farm Report Team!!!!
Ron Hays, Senior Farm Director and Editor
KC Sheperd, Associate Farm Director and Editor
Dave Lanning, Markets and Production
Sam Knipp, Farm News Editor
Pam Arterburn, Calendar and Template Manager
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and are a main reason Oklahoma is on track to become a top 10 state.
The Road to Rural Prosperity will dive into these stories each week bringing you insight into the great things happening in and to rural Oklahoma. We will bring you stories covering rural life, agriculture, energy, healthcare, tourism and politics all affecting rural America.
The Road to Rural Prosperity is here to tell stories about rural America, for rural America.
Host Ron Hays travels the Road to Rural Prosperity with mixed feelings as he talks with Roy Lee Lindsey of OkPork- who has just announced his resignation as Executive Director as the head of the group representing hog farmers in Oklahoma- as he prepares to take a similar position with the North Carolina Pork Council- North Carolina the second largest pork state in the US.
Today's Road to Rural Prosperity is being sponsored in part by the Oklahoma Rural Water Association.
To find out more about our full series of Podcasts on The Road to Rural Prosperity- click or tap here.
To hear this Podcast you can click here or tap below:
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Our thanks to Midwest Farms Shows, P & K Equipment, AFR/OFU, Oklahoma Farm Bureau, Oklahoma Ag Mediation Program, Great Plains Kubota, Stillwater Milling Company, Oklahoma Cotton Council, National Livestock Credit Corporation, Oklahoma Beef Council, Oklahoma AgCredit, the Oklahoma Cattlemens Association, and KIS Futures for their support of our daily Farm News Update.
For your convenience, we have our sponsors' websites linked here- just click on their name to jump to their website- check their sites 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- at NO Charge!
We invite you to check out our website at the link below too that includes an archive of these daily emails, audio reports and top farm news story links from around the globe.
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God Bless!
Reach Out To Us:
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Tim West
President/General Manager
Radio Oklahoma Ag Network
2401 Exchange Avenue,
Suite F
Oklahoma City, OK 73108
405.317.6361
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Ron Hays
Director of Farm Programming
Radio Oklahoma Ag Network
405.473.6144
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