Oklahoma's Latest Farm
And Ranch News
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Wednesday, August 30, 2023 | | | |
AFBF Presents First Round of Testimony at FMMO Hearing |
American Farm Bureau Federation Chief Economist Roger Cryan presented the first round of testimony on behalf of AFBF and its membership today at the ongoing Federal Milk Marketing Order Pricing Formula hearing. AFBF anticipates testifying numerous times during the hearing, which is expected to continue for several weeks.
Cryan provided testimony on the first category of issues outlined by USDA for the hearing, milk composition. AFBF submitted nine proposals for consideration during the hearing, and four were accepted by USDA. Additionally, AFBF largely supports four of the five proposals submitted by the National Milk Producers Federation, and the testimony provided today is in support of NMPF’s proposal to incorporate updated component values into Class III and IV price formulas.
“AFBF supports the updating of the component values in the Class III and IV skim price formulas,” Cryan said in the written testimony. “Adjusting these values will more accurately define the market value of skim milk used in the skim/butterfat markets and in Class I in all markets. In component markets, it will ensure that Class I milk prices reflect at least the national average component value, rather than a low outdated value, which undermines the premium for Class I milk intended by FMMO pricing formulas.”
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Sponsor Spotlight
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Rural Oklahoma is full of some of the greatest success stories throughout the entire state and is a big reason why Oklahoma is on track to become a top 10 state.
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Cattle Industry Leader Bob Drake sits down and talks with Ron Hays about his lifetime of service in the cattle business. Drake has served as the President of the Oklahoma Cattlemen's Association, the last President of the old National Cattlemen's Association and Vice President of the Oklahoma Farm Bureau.
He loves politics and being a change agent for the cattle producer back up at the fork of the creek. Drake had a front row seat as the Beef Checkoff was approved by cattle producers and he believes it's way past time to find a way to get a second dollar at the national level.
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Tim West
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Radio Oklahoma Ag Network
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Radio Oklahoma Ag Network
405.473.6144
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