~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Thursday August 12, 2010A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Crop Production Numbers Out This Morning
-- Clean Up on Aisle 13- NCBA's Doud Contends That R-Calf Caused Anti Dumping Duties and the Mess Has Finally Been Cleaned Up
-- Meanwhile- R-Calf Contends US Premium Beef Would See No Negative Impacts Under the Proposed GIPSA Rule
-- Republicans Push Back on Obama Health Care Plan to 1099 Everything
-- Kudzu Gaining Ground Ever So Slowly in Little Dixie
-- Pollard Farms Have 13th Annual Production Sale Coming End of This Month
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555.
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Crop Production Numbers Out This Morning
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~If the experts are right, USDA will project a record corn crop and an almost record soybean crop at 7:30 AM Central time this morning. Pre report guesses are showing a 13.28 billion bushel corn crop and a 3.36 billion bushel soybean crop. The pre report guesses for the US cotton crop for 2010 is also a big number- especially compared to last year- at 18.62 million bales.
We will have a look at all the numbers and some comments with Tom Leffler of Leffler Commodities on our website shortly after 8 AM this morning. Click on the LINK below for our front page- where you will see the top story focusing on the crop report once we have a chance to crunch the numbers a bit.
Clean Up on Aisle 13- NCBA's Doud Contends That R-Calf Caused Anti Dumping Duties and the Mess Has Finally Been Cleaned Up
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Mexico's Ministry of Economy has announced they're dropping their anti-dumping duties on U.S. beef effective yesterday. The duties that have been in place for the last 10 years have applied to nearly half of the U.S. beef production. National Cattlemen's Beef Association Economist Gregg Doud says the resolution is beneficial for the beef industry - as many exporters have been locked out of the top export market for the United States.
Doud says the duties - which have ranged from three-cents to 29-cents per pound - have cost cattle producers millions of dollars over the last decade. He contends that the punitive charges against US Beef were actually retaliation for an anti-dumping case brought by R-CALF USA against Mexican and Canadian feeder cattle more than a decade ago.
Click on the LINK below for more on this story- our Beef Buzz for this Thursday.
Meanwhile- R-Calf Contends US Premium Beef Would See No Negative Impacts Under the Proposed GIPSA Rule
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~One of the groups that is calling for full implementation of the livestock marketing rules being advanced by GIPSA and the Obama Administration claims that one of the highest profile value added programs in the cattle industry would not be impacted at all if the rules are radically changed as proposed. However, R-Calf USA admits that more paperwork and liability will fall on the processor that buys and harvests US Premium Beef animals. And the group is silent on whether National Beef will be subject to lawsuits if disgruntled cattle producers decide they disagree with how premiums are paid to US Premium Beef members.
R-Calf contends that US Premium Beef Producers will see no impact from the marketing rules that are now in a comment period by the general public. The group says that they found that according to the Competition Rule, USPB would not be subject to provisions within the rule because USPB is not a packer, stockyard owner, market agency or a dealer. Furthermore, USPB is neither on the USDA-GIPSA list of Bonded Packers in the United States, which is current as of Feb. 1, 2010, nor is it on USDA-GIPSA lists of registered and bonded market agencies and dealers.
Click on the LINK below to read more of the R-Calf arguments that the new competition rule being advanced by GIPSA and USDA is in the best interests of the US cattle producer.
Republicans Push Back on Obama Health Care Plan to 1099 Everything
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Adrian Smith of Nebraska believes that President Obama's new health care law will negatively affect farmers, ranchers, and small businesses. Section 9006 of the law requires that all businesses file a 1099 with the Internal Revenue Service for every vendor with which it has more than $600 in transactions in a year. Rep. Smith explains that this would be an administrative nightmare for our nation's family farms.
Smith says in the weekly "Ag Minute" produced by the House Ag Committee
Republicans "The health care law signed by President Obama requires
farmers and ranchers to file a Form 1099 with the Internal Revenue Service
for every vendor or contractor from which they purchase 600 hundred
dollars or more in goods or services in a calendar year.
Click on the LINK below to read more of the Congressman's comments- and you can hear those comments as well in this produced feature from the Minority office of the House Ag Committee.
Kudzu Gaining Ground Ever So Slowly in Little Dixie
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Southern Oklahoma is under attack. Residents of Durant have been waging war against an invasive and aggressive enemy for more than seven years.
Originally promoted as an ornamental plant over one hundred years ago, kudzu has taken over much of the southeastern United States. While it is listed on the federal invasive species list as a noxious weed, it is legal in Oklahoma to transplant this viney species, which is probably how it arrived in our state.
To date, there are approximately 25 confirmed locations throughout
Oklahoma that have kudzu. Jumping on this problem in its early stages
could save millions of tax dollars for Oklahomans.
Click on the LINK below for more on the Kudzu story in the state- this is an aggressive and amazing plant- it can grow 12 to 18 inches per day during the prime growing season. Right now, the plant is limited because it goes dormant during the winter. The fear is that it may adapt and then be able to thrive during cooler conditions- and then the plains and the midwest will have a lot to fear from rapidly growing pest.
Pollard Farms Have 13th Annual Production Sale Coming End of This Month
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Pollard Farms 13th Annual Angus Production Sale is scheduled for Sunday, August 29, 2010 in the air-conditioned sale facility at the ranch one mile east of Waukomis, Oklahoma.
The sale will feature 137 head of elite Angus genetics. The Pollard team will be selling Donors, cow/calf pairs, bred cows, heifers, embryo calves, and pregnancies. And, there will be a guest consignment from KiamichiLink Ranch.
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $8.20 per bushel, while the 2011 New Crop contracts for Canola are now available are $8.35 per bushel- delivered to local participating elevators that are working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
God Bless! You can reach us at the following: