~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Friday September 10, 2010A service of Johnston Enterprises, P & K Equipment/ P & K Wind Energy and American Farmers & Ranchers Mutual Insurance Company!
-- Add $100 per acre to your bottom line!
-- Red Shirt Orange Friday Coming September 24th
-- Oklahoma Wheat Farmer Don Schieber Represents US at Russian Grain Conference
-- Cotton Council and Others Agree- Repeal Burdensome 1099 Reporting Requirement
-- There's Reason to Be Optimistic About Recovery in Mexico for US Beef Exports
-- Hard Red Winter Wheat Market Could Break Out of Current Trading Range This Coming Week
-- When you are in political trouble in Arkansas- Who ya gonna call? The Former (not the Present) President of the US.
-- 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 pleased to have American Farmers & Ranchers Mutual Insurance Company as a regular sponsor of our daily update- click here to go to their AFR web site to learn more about their efforts to serve rural America!
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Add $100 per acre to your bottom line!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~That's the kind of numbers that Dr. Jeff Edwards is tossing around as he talks about final decisions to be made in advance of planting the 2011 winter wheat crop here in Oklahoma. Dr. Edwards is the OSU State Wheat Specialist and he offers his insights in the latest OSU Plant and Soil Science Newsletter now available to be downloaded.
Dr. Edwards writes "The 2010 OSU Wheat Variety Performance Tests (available at www.wheat. okstate.edu) clearly showed that some wheat varieties are stars and others are underperformers. On average, there was a 19 bushel per acre difference between the highest and lowest yielding cultivar at a test site in 2010. At $5.00 per bushel this means that on average there was a $95 per acre difference in potential wheat revenue at these sites. The smallest spread between the highest and lowest yielding cultivars was at Gage where a 10 bushel per acre spread resulted in a $50 per acre difference in potential revenue. The largest spread was at Lamont where a 29 bushel per acre difference between the highest and lowest yielding cultivar resulted in a $145 difference in potential wheat revenue."
He adds "None of us can accurately predict which cultivars will be the top yielder at a particular site prior to sowing, so the scenarios above could be described as 'best case'. By using the previous year's data, however, we can come up with a short list of varieties that are highly likely to be in the top yield Subscription Information To receive an electronic copy of the OSU PASS Extension Newsletter, contact Janelle Malone at email@example.com. Please include "PASS Newsletter Subscription" and your name in the subject line. grouping the following year and thereby highly likely to increase wheat profitability. Wheat producers should aim to have as many of their acres as possible sown to these top-tier varieties."
Click on the LINK below to jump to our story where you can download the PASS newsletter and read the rest of Jeff's comments- as well as get the latest on planting options for winter canola- scouting for fall armyworms and more.
Red Shirt Orange Friday Coming September 24th
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The following comments are courtesy of OSU Ag Communications student Lin Farris about a great project the ACT at OSU has undertaken for the second year.
"When Fridays dawn in Stillwater, ORANGE seems to radiate on the OSU campus and in the community, but across the United States, patriotic citizens don RED to show their support for the U.S. troops at home and abroad. RED SHIRT ORANGE FRIDAY shows everyone that Cowboy fans can do both!
"The OSU Agricultural Communicators of Tomorrow spearheaded last fall's
premiere Red Shirt Orange Friday event. Its success at showcasing OSU's
support for U.S. Military personnel was fantastic! Now, you never know
where one of the first-ever OSU red shirts will appear, including on
soldiers around the world!
"This year's official RED SHIRT ORANGE FRIDAY is Sept. 24, and in
addition to selling T-shirts for that date, the RSOF Steering committee is
preparing for a campus-wide event on the OSU library lawn to honor
soldiers and veterans. More information on that to come as details are
Oklahoma Wheat Farmer Don Schieber Represents US at Russian Grain Conference
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~There was a timely interlude in Moscow, Russia, today in the ongoing global discussion about the impact of the Russian drought and the government ban on grain exports. The Russian Grain Union together with the Institute for Agricultural Market Studies held the XVI International Conference featuring the theme, "Black Sea Grain and Oilseeds 2010/11: The Role of Government and Efficiency of the Domestic Grain and Oilseed Markets."
Representing U.S. wheat producers at the conference are U. S. Wheat Associates (USW) Chairman Don Schieber, USW VP of Overseas Operations Vince Peterson, USW European Regional Director Goris van Lit, and USW Moscow Office Director/Marketing Specialist Valentina Shustova.
Schieber, an Oklahoma wheat producer, was among several speakers
invited to make brief opening remarks. In thanking the Russian Grain Union
for the invitation, Schieber said he shared the pain many Russian farmers
felt in losing their wheat crop this year. He also said while some U.S.
farmers will see higher prices for their wheat, many of them sold before
prices reacted to the late-breaking news from Russia.
Cotton Council and Others Agree- Repeal Burdensome 1099 Reporting Requirement
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The National Cotton Council joined 25 state and national farm, livestock and commodity organizations in urging Congressional repeal of a proposed 1099 reporting requirement.
Under existing law, a Form 1099 must be issued to unincorporated service providers that are paid more than $600 during a tax year. Under new reporting rules set to start in 2012, a Form 1099 will be required for payments to incorporated vendors and will be expanded to cover payments made for goods as well as services which total $600 or more in a calendar year to a single non-employee payee. Payments made to corporations would no longer be excluded from the reporting requirement.
The organizations sent letters to Senator Mike Johanns (R-NE) and to Representative Dan Lungren (R-CA) saying that under the proposed new requirement, "Virtually all business-to-business transactions will be covered, creating a new major paperwork burden for the farms, ranches and related agri-businesses. The business of producing food, fiber and fuel is a hands-on venture where productivity and competitiveness is compromised by government rules and regulations that turn producers into bookkeepers. Prompt action is needed by Congress to reverse this onerous tax-reporting requirement."
There's Reason to Be Optimistic About Recovery in Mexico for US Beef Exports
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~While Mexico is still the No. 1 destination for U.S. beef exports, it is the only major market that is trailing last year's results. A sluggish economy and weak peso have made Mexico a tough market in 2010, but in August, weekly beef sales data began to suggest signs of improvement.
In our end of the week Beef Buzz, we feature a brief conversation with Chad Russell of the Mexico City regional office of the US Meat Export Federation. He tells us there are several positive signs that could mean better days ahead when it comes to sales of US Beef to our neighbor south of the Rio Grande River.
Click on the LINK below to check out this edition of the Beef Buzz, as heard on great radio stations across the state of Oklahoma on the Radio Oklahoma Network. And remember that previous Beef Buzz shows are available by clicking on the Beef Buzz button on the left hand side of any page on our website and reviewing them.
Hard Red Winter Wheat Market Could Break Out of Current Trading Range This Coming Week
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The latest on the wheat markets will help headline this week's SUNUP, as produced by OSU Ag Communications and the Division of Agriculture. Host Austin Moore talks with OSU Grain Marketing Specialist Dr. Kim Anderson about the current gyrations of the market- and says that the USDA Supply Demand and USDA Crop Production numbers that will be released by USDA on Friday morning will be looked at closely by traders. He says the key for the trade- are the USDA numbers that will be out Friday morning credible or not?
While you can see Kim and Austin have this conversation on Saturday morning on OETA- you can also jump the gun and listen to what Kim has to say about the current wheat market before the start of the Friday morning open outcry session of the Kansas City Board of Trade.
Besides Dr. Anderson and his comments- Austin reports that they have a great lineup on this week's SUNUP- click on the LINK below and you can listen to the audio of his conversation with Dr. Anderson as well as see the full lineup for this week's SUNUP- as produced by the folks at Ag Communications in the Division of Agriculture at OSU.
When you are in political trouble in Arkansas- Who ya gonna call? The Former (not the Present) President of the US.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~With the polls showing she is clearly in deep trouble in the November general election- Embattled Democratic Senator Blanche Lincoln threw a party to celebrate her first full year as the first Arkansan and first female chairman of the Senate Agriculture Committee.
Helping to pump up her rural and ag supporters at this party was former
President Bill Clinton. A receptive crowd of Lincoln's supporters met
President Clinton. Polls indicate Lincoln needs even more support; most
have her trailing congressman John Boozman.
Click on the LINK below for our coverage of this event- including an audio report from Stewart Doan who was on the scene in Little Rock.
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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 $7.95 per bushel- as of the close of business yesterday, while the 2011 New Crop contracts for Canola are now available are $8.45 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:
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